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Paddy Padmanabhan

An eventful start to the new year

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Monday, January 11, 2021

“I came in from the wilderness, a creature void of form”
-Bob Dylan, Shelter from the Storm
 
The barbarians were at the gate trying to storm the capitol this past week. Unlike in 4th century Rome, these were not enemies of the state. These were fellow Americans. They failed to take the Capitol – this time. Rome fell – after repeated assaults – because it was a state in deep decline. We have to believe America in the 21st century isn’t Rome in the 4th century. We have no other option.
 
Back in 2018, I wrote a piece titled: Amazon in healthcare – disruption in motion or a nothing-burger? We got our answer this past week. Haven Healthcare, a joint venture (-ish) initiative launched with great fanfare three years ago by Amazon, JP Morgan, and Berkshire Hathaway and headed by celebrity doc Atul Gawande decided to shutter its doors. The announcement wasn’t entirely surprising. There were plenty of red flags along the way that indicated all wasn’t well with Haven. I share my thoughts in this piece.
 
Elsewhere, all seems well with the digital health technology landscape. A newly released report from Mercom Group points to the strong VC funding environment for telemedicine, with $14.8 billion in equity raised across 637 deals, as well as $6.8 billion in debt and public market financing across 26 deals.
 
The year started with a big M&A announcement – United Health Group to acquire Change Healthcare for $7.84 billion. 
All indications are that 2021 will be a good year for healthcare IT and digital health. However, we have a new administration coming in with a majority in Congress and Senate that will usher in some policy changes. We include a couple of pieces in this newsletter on the legislative outlook for the year.

Have a great week. 
Paddy 
 
Damo Consulting offers branding solutions for technology firms looking to gain visibility and access to healthcare executives and CXOs.Drop a line toinfo@damoconsulting.net for more details.

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Haven Healthcare to close down. CNN Business 
 

Amazon, Berkshire Hathaway, JPMorgan End Health-Care Venture Haven

The healthcare venture launched by three of the world’s most prominent companies – Amazon, Berkshire Hathaway, and JPMorgan – is folding about three years after its founding. The Wall Street Journal 

Unclear structure, absence of strategy, execution gaps, lack of commitment and more. I share my thoughts in this article on the closing down of Haven Healthcare. Fierce Healthcare

UnitedHealth Group to Buy Change Healthcare for $7.84 Billion >UNH CHNG

The new year starts with a big acquisition – UHG acquires Change Healthcare. The Wall Street Journal 

Mercom: Telemedicine investments led 2020’s $14.8B in digital health fundraising

Mercom Capital Group released its tally of 2020’s digital health funding: $14.8billion in equity raised across 637 deals, as well as $6.8 billion in debt and public market financing across 26 deals. MobiHealth News 

With New Majority, Here’s What Democrats Can (and Can’t) Do on Health Care

2021 may be a year dominated by healthcare policy changes. The New York Times

Six healthcare policies Democrats could push with control of the Senate

Democrats will have much more latitude to pursue their healthcare agenda with a trifecta government. Modern Healthcare 

Chart of the Week

Events

Upcoming

Our CEO Paddy Padmanabhan to speak at an upcoming webinar on 'How to shift to Smart Hospitals during Covid-19.' He will discuss an approach to a practical roadmap for digital transformation in healthcare systems. 

Date: Jan 19, 2021 | 11:00 CT. Register here

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THE HEALTHCARE DIGITAL TRANSFORMATION LEADER

Join the digital healthcare revolution. Stay on top of the latest news, trends, and insights with Damo Consulting.

Sign me up for the latest news, trends, and insights from Damo.

THE HEALTHCARE DIGITAL TRANSFORMATION LEADER

Join the digital healthcare revolution. Stay on top of the latest news, trends, and insights with Damo Consulting.