Teach Now or Treat Later: Wellness Educator Omada Raises $48M

Health insurance plans are avidly searching for ways to reduce the cost of medical treatment, such as favoring generic drugs over brand name pharmaceuticals. San Francisco-based digital health company Omada Health approaches the cost problem from a different direction, by trying to prevent serious, chronic diseases from developing in the first place.

 

Omada Health raises $48M with plans to extend program to Medicaid patients

Omada Health, which developed an intervention program for obesity-related chronic conditions for employers and health plans, has raised a $48 million Series C round,according to a blog entry on its website. It will use the funding to support continued clinical research and enhance the Prevention program, with an eye to expanding it to include for Medicaid patients in addition to its other customers.

Omada Health, Which Pioneered Digital Therapeutics, Raises $48 Million In Series C Round

Omada Health, which provides a digital program based on the landmark NIH diabetes prevention study, raised $48 million, bringing total funding to $77.5 million. The series C round was led by Norwest Venture Partners, and includes returning investors Andreessen Horowitz and US Venture Partners, among others. Accelerator-turned venture fund Rock Health which nurtured Omada in its first class of digital health startups, also reinvested.

Providence Health & Services encourages kids to be healthy and active through investment in fitness technology startup Sqord

Press release from Providence Health & Services

Providence Health & Services is teaming up with Sqord to help make kids healthier. Sqord combines a kid-proof wearable activity tracker, online games, and a kid-safe social media app designed to encourage kids to spend more time in active, physical play. The partnership will join Sqord's unique platform with Providence's community relationships across five states to help make kids healthier in the communities Providence serves.

Indemand Interpreting Announces Capital Raise to Support Continued, Rapid Growth

Press release from Indemand Interpreting

InDemand Interpreting, a leading provider of Video Remote Interpreting (VRI) and other language services to healthcare, announced that it has raised $4 million in additional equity from private equity firm Health Enterprise Partners and Providence Ventures and $3 million in debt financing from Square One Bank. This money will be used to further fuel InDemand’s rapid expansion and growth.