StartUPDATES: New developments for healthcare startups

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HealthMine COO Amy Lung has written a thought leadership article on “The 4 Best Practices for Medicaid Member Engagement.” In this article, Amy outlines how plans help guide members towards resources and initiatives that can help them get and stay healthy.

To learn how to identify and reach more Medicaid members in new ways, click here.

Heal co-founders Dr. Renee Dua and Nick Desai have a new venture focused on personalized care for people with chronic conditions through care coordination, particularly the elderly and underserved communities, called HeyRenee.

The company, which is expected to officially launch next year, has raised $3.8 million from a funding round led by Quiet Capital. Other investors participating in the round include Mucker Capital, Fika Ventures, Tau Ventures, Global Founders Capital and SaaS Venture Capital.

“It is impossibly difficult for all of us, certainly older, sicker Americans, to follow the many instructions from their doctors,” said Dua. “Our hope for HeyRenee is for us to build something to finally slow the progression and exploding costs of easily treated chronic diseases like obesity, diabetes, hypertension and mental health issues by taking the burden of managing healthcare and making it effortless.”

To read more, click here.

Cricket Health has closed a $83.5 million Series B round to support its expansion. The health tech company seeks to improve clinical outcomes for patients with chronic kidney disease by using an analytics platform to identify patients with late stage chronic kidney disease and help them work with clinicians to navigate their care.

Valtruis, a newly formed investment group, led the round. Previous Cricket Health investors who also took part in the Series B round include Oak HC/FT and Cigna Ventures, as well as K2 HealthVentures. Blue Shield of California made a strategic investment in the health tech company.

“Kidney disease has been a tremendous problem for our healthcare system due to its complexity, high cost of care, and the lack of early diagnosis intervention. Cricket Health’s approach of marrying cutting edge analytics with dedicated care teams supported by a digital health platform is achieving outstanding clinical outcomes,” said Tracy Bahl, Managing Partner at Valtruis.

Tom Richards, Senior Vice President and Global Lead, Strategy and Business Development at Cigna, said the payer, which works with Cricket Health, “has seen a more than a 50% reduction in hospitalizations and an increase in patient autonomy in a customer’s transition to dialysis” since May 2020.

Cricket Health is also a former MedCity INVEST Pitch Perfect (2017) winner.

To read more, click here.

Private equity firm Welsh, Carson, Anderson & Stowe, which focuses on the health and technology sectors, has formed value-based care investment group Valtruis.

Valtruis is developing capabilities that support value-based care and accelerate healthcare innovation through its partner companies. The founding leadership team includes Managing Partners Anna Haghgooie, Tracy Bahl and Karey Witty.

Haghgooie previously served as managing director of the Blue Venture Fund and Sandbox Industries. Among Bahl’s previous roles are CEO of OneOncology, a network of community oncology practices, and EVP of Health Plans for CVS Health. Witty most recently was COO of Envision Healthcare, a provider of physician and advanced practice services to healthcare facilities in the U.S.

To read more, click here.

Picture: akindo, Getty Images