Hello and happy hump day, readers.
Sean Duffy, the co-founder and chief govt at digital health upstart Omada Health, approached the agency’s new $73 million investment spherical with a philosophical question: “What will healthcare transport seem like in two decades? How must it appearance?”
Duffy’s firm has taken a decidedly digital method to the commercial enterprise of diabetes prevention and preservation, growing an online platform that links patients to on line coaches with the assist of scientific biometrics communicated through connected gadgets. The brand new funding round changed into led via Wellington Management and joined using a host of huge names from Kaiser Permanente Ventures to Andreessen Horowitz. CNBC reviews that Omada’s general VC haul now brings it to approximately a $six hundred million valuation, or more than halfway to “unicorn” popularity.
But Duffy’s vision, to borrow an entirely overused period, is to make the corporation a real disruptor thru the usage of a smooth era and for my part tailor-made recommendation for patients—he even goes to date as to mention the biggest and simplest fitness care vendors of the future might be virtual ones.
“Digital care way providing holistic, preemptive aid to avoid the adverse outcome within the first location, instilling small modifications that add up to powerful—and lasting—profits in fitness,” wrote Duffy in a publish on Wednesday. “That’s our vision for Omada, and for healthcare: human-centred, elegantly designed digital stories for sufferers. We can growth get entry to to life-altering care, improve outcomes, and decrease expenses. We’re keen to assist millions of human beings of their journeys to lifelong fitness, one step at a time. In quick, it’s time to build the healthcare provider for the twenty-first Century.”
As I stated in Fortune‘s July difficulty, virtual health corporations loved a report $eight.1 billion in venture funding in 2018. The money doesn’t appear to be going away anytime soon.
The world of labour has undergone enormous change inside the closing hundred years. To a large extent the very heavy, grimy and dangerous industries have long past, and the burden of ailment, which got here with them, in most European countries, has declined. However, the brand new operating environments and conditions of work that have replaced them have given rise to new and unique issues approximately the health of the running populace. Exposure to physical, chemical, organic and psychosocial risk factors at paintings at the moment are lots more certainly related to fitness consequences inside the mind of most of the people. Expectations of society regarding health at work have additionally modified, with increasing needs for better standards of protection at paintings and for the improvement of the fine of working life. Employers also are recognizing that health-associated troubles, such as sickness absence, litigation and repayment prices, growing coverage rates, are costly; ignoring them can cause serious economic consequences. The excellent employers’ emphasize the important message that right health is an ideal commercial enterprise and that lots may be achieved in this area genuinely by introducing accurate control practices.