Oak HC/FT

During a discussion at the HLTH 2022 conference, panelists said that companies need to refocus their business models due to an anticipated lack of funding.

This brings the company's total valuation to $1.7 billion. 

The startup said that the new funding will go towards expanding into all 50 states. 

This news comes just months after it closed its $25 million Series B round. 

Icon Ventures led the round with participation from Sequoia, Oak HC/FT, Spring Mountain Capital, Female Founders Fund and Harmony Partners.

Jonathan Bush, cofounder and former CEO of athenahealth, will be joining the team as executive chairman. 

The integrated behavioral and primary care platform said that it will be focusing its upcoming efforts on serving the Medicaid population.

Dr. Joseph J. Corkery, director, Product Management, Healthcare & Life Sciences at Google Cloud, discussed Google's moves into healthcare during the Enterprise Insights Series Event (in partnership with Google Cloud and Rock Health) earlier this week. 

The company plans to combine automated claims processing with a retail-like experience for patients.