New York-based Venture fund Swiftarc Ventures is launching a new fund dubbed Swiftarc Telehealth to take advantage of the boom in Telehealth-focused startups which have emerged, partly in the wake of the COVID-19 pandemic, TechCrunch reports.
The $75 million fund will focus on three initial areas: Obesity, Mental & Behavioral Health, and Pediatrics. It will also look at startups in Remote Patient Monitoring, Chronic Care Management, and In-Home Evaluations.
It’s estimated that over 10 years’ worth of telehealth legislation was pushed forward in the US in less than 3 months, and more than three-fourths of the US population has now utilized some form of telemedicine. The continued reimbursement support of virtual visits in the field of psychiatry and mental health is also looking like an area of expansion. In Obesity Care, Swiftcare says dietitians, clinicians and primary care physicians being able to communicate with each other on a platform is likely to be an opportunity for tech startups. Read more.
