Not Awesome: Healthcare is No Longer Available on Aisle 3
There has been plenty of coverage of Walmart’s recent decision to shutter its healthcare centers and telehealth services as the world’s largest retailer pulls back from its foray into Primary Care. This follows hard on the heels of Walgreen’s $6bn (!!!) writedown of its investment in VillageMD, having closed or planning to close hundreds of […]
Medicus Ex Machina
It’s likely that almost none of us had heard the term “Generative AI” a year ago, although it’s a concept that’s been around for about five years. But with the public release of OpenAI’s ChatGPT3 last November, it seems to be all we’re hearing about. ChatGPT writes astonishingly convincing prose and poetry and its cousin […]
Health Innovation – Beyond “Bread and Circuses”
I had the opportunity to participate in the Founders Summit sponsored by Lynne Chou O’Keefe and the Define Ventures team. Besides the amazing Stein Eriksen Lodge setting (is there anything better than a summer evening in Park City?) and the inspiring performance by Aloe Blacc (man – I love hearing artists describe their creative process […]
The “Brutal Culling”, a Great Repricing, and the Path Forward
Several of my colleagues forwarded me a great article co-written by my favorite futurist, Jeff Goldsmith. He offers a very firm but fair critique of the state of the digital health industry. I appreciated that this was not written as an “I told you so” piece; rather, he wrote it as a guide to what […]
The View from the Salt Creek Beach
I was able to attend the annual Health Evolution Summit conference held late last month in Laguna Beach, Calif., and feel the urge to “write home” about the experience, and some of my key takeaways. This particular conference features the CEOs of many of the leading lights in healthcare and policy circles, including some next […]
The Great Consolidation, Part 1: The Employer Health Platform Wars
Fueled by COVID-related demand for virtual care technologies, the growth in digital health funding has been nothing short of spectacular. According to sources, total funding for “digital health” venture capital, debt, and public market financing reached $21.6 billion in 2020, an increase of an amazing 103% from the $10.6 billion raised in 2019. This has
Series D – Rocketfuel for next stage
Today, Crossover Health is announcing a $168M Series D financing led by Deerfield Management with participation from an amazing syndicate which included Perceptive Advisors, OrbiMed, Foresite Capital, Avidity Partners, Liberty Advisors Group, Irving Investors, and Partner Fund. I could not be more thrilled to welcome our new investor partners and am grateful
The Fourth Pivot: Lifestyle as the ultimate Health Model
This will be my 100th post since emerging from radio silence on April 5, 2019. I have always used my blog as the means to sharpen my own thinking, communicate my perspective, and educate the market on how I believe healthcare should be. I also write a monthly newsletter to the company, which we call […]
Inevitably Grateful
Over the last month, I have had the opportunity to speak to well over 50 different groups who are learning about the Crossover Health story for the first time. At multiple conferences, industry events, and in private conversations, those hearing the narrative are consistently and uniformly impressed by both the work we are doing and […]
Primary Health is…Cross Continuum, Multichannel, and Multimodal
Primary Health is an emerging care model that is designed to address the needs of any type of healthcare payer seeking to control cost, quality, and experience. Created as an extension of the good work done to promote the patient-centered medical home, Primary Health is more comprehensive, integrated across more disciplines, and includes more coordinat