Hello,
Welcome to Insider Healthcare. I'm healthcare editor Leah Rosenbaum, and today in healthcare news:
- We picked the top leaders transforming the healthcare industry in 2021;
- The Department of Justice is investigating primary-care company Oak Street Health;
- SoftBank is shaking up digital health with a new round of investments.
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…
Healthcare's transformative leaders are looking to upend the industry by building on the pandemic's scientific advancements
- Insider identified 10 healthcare leaders changing the business of healthcare across the globe.
- They're exploring high- and low-tech pathways toward a more resilient healthcare system.
- Their contributions range from new ways to develop medicine to social interventions in the hospital.
Federal law enforcement has stepped up scrutiny of companies operating in the lucrative Medicare Advantage market. Oak Street Health is the latest target.
- Oak Street Health revealed on Monday that it was a focus of a US Justice Department investigation.
- The primary-care provider said the DOJ was investigating whether it violated the False Claims Act.
- Federal law enforcement has increased scrutiny of companies in Medicare Advantage.
SoftBank is betting big on healthcare in its second fund. Here are the 12 startups its backed in the last 10 months.
- SoftBank has participated in $6.2 billion worth of funding rounds for healthcare companies in 2021.
- That's up from 2020, when it participated in $1.2 billion worth of funding, per PitchBook data.
- While it is partly due to larger checks, SoftBank also tripled its number of investments this year.
More stories we're reading:
- Compass Pathways released its latest study on a psychedelic to treat depression. A top Wall Street analyst says the results are 'very encouraging.' (Insider)
- NFL player Aaron Rodgers is spreading vaccine misinformation, undermining medical professionals (The New York Times)
- Singaporeans who are 'unvaccinated by choice' can no longer receive free COVID-19 treatment (Insider)
- It's easy to think the pandemic is over - until you get COVID-19 (The Atlantic)
-Leah
Read the original article on Business Insider