What You Should Know:
– Swiftarc Ventures, an NYC-based early and growth-stage consumer and consumer health-focused venture capital firm announced it has launched a $75M telehealth-focused venture fund.
– The telehealth fund is aimed at harnessing breakthrough innovation opportunities currently emerging from key legislative changes in healthcare delivery within the United States and globally.
Investment Thesis
In the past, the three-pillared U.S. healthcare system (Patients, Providers, and Plans) benefitted the Insurance Plans and the Providers, resulting in expensive and inconvenient health care for patients. While there were incipient efforts to digitize the industry to provide better outcomes and reduce costs, it did not gain enough traction. The COVID-19 pandemic accelerated everything in healthcare. It forced an inflection point for the Telemedicine and Digital Health Industries, where 10 years’ worth of innovation was pushed forward in 4 months’ time. As a result, emerging disruptive technologies experienced dramatic increases in adoption, and this will ultimately make Patients, the most important pillar of the healthcare system, the most powerful one of the three.
Swiftarc Telehealth will focus on identifying promising investment opportunities that intentionally challenge the traditional healthcare delivery system by facilitating patient access and adoption to new Telemedicine and Digital Health technologies across the following fields: Telehealth/Virtual Care, Virtual Mental Health, Remote Patient Monitoring, Chronic Care Management, In-Home Evaluations/Dx.
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