Inside Verily’s work with an $18 billion health system to change how doctors get paid

Hello,

Welcome to Insider Healthcare. I'm healthcare editor Leah Rosenbaum back in action, and today in healthcare news:

• A $18 billion health system is partnering with Verily and Google Cloud to make value-based care work;
• Longtime healthcare investors say new tech investors are pushing company valuations higher;
• Investors have been reluctant to fund Medicaid companies, but startups like Cityblock are changing their minds.

If you're new to this newsletter, sign up here. Comments, tips? Email me at [email protected] or tweet @leah_rosenbaum. Let's get to it…

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The CEO of an $18 billion health system shared how it's partnering with Verily to transform the way doctors provide care

• Highmark Health, a major insurer and health system, is working with Verily to transform care.
• They're arming doctors with data to manage patients, said David Holmberg, Highmark Health's CEO.
• It's a key part of Highmark's strategy to reward doctors for the quality of care they provide.

Check it out>>

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Here's why longtime healthcare investors urge caution against the influx of funding from tech firms like Tiger Global Management

• Healthcare investors like Oak HC/FT and Andreessen Horowitz are making big bets on digital health.
• They said larger tech investors are partially responsible for pushing valuations higher.
• Andreessen's Julie Yoo said she can't wait for "exploding term sheets" to go away.

See the full story>>

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How companies like Cityblock convinced investors there's money in Medicaid

• Medicaid-focused startups have raised millions but are still a small part of digital health.
• Cityblock and Unite Us were among the biggest fundraisers this year.
• Executives from both companies told Insider how they scored investments.

Dive in>>

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More stories we're reading:

• Trial announced for 'first-of-its-kind' vaccine to prevent breast cancer (Insider)
• A common antidepressant could be a new COVID-19 treatment (The New York Times)
• Immunocompromised Americans who had a 3rd COVID-19 shot can now get a 4th, CDC says (Insider)
• People's physical boundaries have changed due to the pandemic (Scientific American)

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-Leah