Digital Health Funding Updates, and Cano Health’s Rough 2023

Q1 2023 digital health funding update - Hospitalogy

Rock Health released its update on digital health funding for Q1 with some notable tidbits, as funding has slowed down over the past few quarters when compared with the Covid bubble. As the advisory firm points out, 2023 funding is trending closer to 2019 levels assuming a steady run-rate in line with the last few quarters.

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Oscar Goes Old School

Oscar Health announced that Mario Schlosser is transitioning to President of Technology at Oscar. Who’s replacing him as CEO? Mark Bertolini. If that name sounds familiar, it’s because he’s the former CEO of Aetna, which sold to CVS for $69B in 2018 which begs the question…might we see Oscar prep for a sale? Something to keep an eye on, especially as Oscar shares skyrocketed 60+% as of this writing. Can’t wait to write about Oscar’s sale in 12-18 months!

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