Health benefits platform Accolade will pay $460M to acquire telemedicine startup 2nd.MD

Curated by WorkingFromHome

This article is an excerpt from the original article found in the Read More link – please follow for full article.

Raj Singh, CEO of Accolade, speaks at the GeekWire Summit. (GeekWire Photo / Dan DeLong)

Seattle-based Accolade announced Thursday that it will pay $460 million to acquire 2nd.MD, a Houston, Texas-based company that helps patients get expert medical opinions by video or phone.

(2nd.MD screenshot)

The deal, a combination of stock and cash, will beef up Accolade’s platform that helps employees of its customers understand their health plans and benefits.

“Both companies have built deep relationships with employers and health plans by helping employees navigate the increasingly complex and inconsistent healthcare system,” Accolade CEO Raj Singh said in a statement. “With the addition of 2nd.MD, we’ll nearly double our total addressable market while providing the most comprehensive, integrated healthcare navigation experience available.”

Shares of Accolade were up more than 10% in after-hours trading Thursday.

Accolade will integrate 2nd.MD into its platform, offering users a way to get another opinion when facing high-cost and complex medical decisions. Some studies show that getting a second opinion can lead to completely new diagnoses.

2nd.MD says it can provide advice within three to five days, versus the industry average of several weeks. It will continue to be offered as a standalone service. The company, founded in 2011, analyzes medical records and has more than 900 medical specialists that cover various adult and pediatric specialty conditions. It has more than 300 employers as customers, in addition to health plans, and reported about $35 million in revenue last year.

(Via Accolade investor presentation)

Interest in virtual healthcare is on the rise amid the pandemic as people look for medical advice without going to a physical doctor’s office. Global VC funding to digital health companies reached a record $10.3 billion through the first nine months of 2020, up 43% year-over-year, according to Mercom Capital Group.

Accolade, which went public in July, report

More here:
Health benefits platform Accolade will pay $460M to acquire telemedicine startup 2nd.MD

You May Also Like…

An Unexpected Baseball Legend Tops Vintage Card Market

An Unexpected Baseball Legend Tops Vintage Card Market

Over the last few months I’ve been rediscovering my love for sports cards. It’s been a lot of fun to connect with some old memories. I started collecting cards when I was really little, but I was obviously too small to understand what I was doing, but by high school was normally buying dealer tables at sports cards shows to sell and trade cards. I was able to make a little bit of money, have a lot of fun, and learn a lot of lessons.Now I’m getting way back into sports cards, but it’s not as easy as it used to be.Back in the day, I was able to buy packs of cards for $3-$10 dollars each, and boxes for $100-$200. Today’s sports card world is full of single packs of cards that sell for thousands of dollars. But that’s because the value of the cards you can find right now…

Get back-to-office ready with $550 off the Dell Inspiron 15 laptop at eBay

Get back-to-office ready with $550 off the Dell Inspiron 15 laptop at eBay

For a limited time, eBay is offering bargain hunters up to 22% off selected Dell laptops.Whether you’re headed back to the office or settling in for another few months working from home, now is the perfect time to upgrade your laptop.As part of its weekly deals, online giant eBay is currently offering shoppers 22% off selected products by Dell.Included in the mix are a range of best-selling personal and gaming laptops, along with desktops, monitors and accessories.The offer is available for current eBay Plus members. However, regular shoppers can also nab themselves a tidy 20% off the available product range.Eagle-eyed bargain hunters will also note that selected products have actually been discounted by more than 22%, which means that there are some great savings to be had.See just a few examples of how much you can save below:Dell Inspiron 15 5502 Laptop 11th Gen Intel Core i7 for $1,598 (previously…

Working From Home TV …

Tips to enhance your own website…

21+ Best Alternatives to the WordPress Jetpack Plugin – Website Tips

21+ Best Alternatives to the WordPress Jetpack Plugin – Website Tips

Are you looking for the best alternatives to the Jetpack plugin? Jetpack is a powerful WordPress plugin suite that adds various features to your WordPress website. Recently one of our readers asked us to share possible Jetpack alternatives for WordPress. In this article, we’ll show you the best alternatives to the WordPress Jetpack plugin. What is Jetpack WordPress plugin? Jetpack is a plugin suite which combines essential WordPress features into one large plugin. It allows you to manage the features you want to use, and you can turn off the features you don’t need. The core focus of the plugin is security, performance, and marketing. However, as your website grows, you may want to expand beyond Jetpack. You might need advanced functionalities that are offered in other third-party WordPress plugins. In these cases, it makes sense to look at Jetpack alternatives for specific features that you need. Pros and Cons…

How to Display Full Size Images in WordPress (4 Methods) – Website Tips

How to Display Full Size Images in WordPress (4 Methods) – Website Tips

Do you want to learn how to display full-size images in WordPress? The latest version of WordPress automatically resizes large images to improve performance. But sometimes you may need to display images with larger dimensions. In this tutorial, we’ll share four different ways to display full-size images on your WordPress site. Why is WordPress Scaling Large Images? Earlier versions of WordPress allowed users to upload images with very large dimensions. But, what happened is WordPress beginners were uploading images that were simply too large for the modern web. Large images lead to slow website loading speeds and poor performance. To fix this issue, the WordPress 5.3 update changed how WordPress handles very large images. For example, if you upload an image with the dimensions of 5000px by 7000px, then WordPress will resize the image to 2560px and scale the width to match the original dimensions. Now, when a user visits…

How to Add Your Social Media Feeds to WordPress (Step by Step) – Website Tips

How to Add Your Social Media Feeds to WordPress (Step by Step) – Website Tips

How to Add Social Media Feeds to WordPress The best way to add social media feeds to your WordPress blog is by using a WordPress plugin. With a plugin, you don’t have to spend time dealing with jQuery code, APIs, or trying to get things to display correctly. It just works. Some commonly used plugins include Feed Them Social, Flow-Flow Social Stream, and EmbedSocial. But, we recommend using the Smash Balloon plugin. It’s the best social media feed plugin for WordPress and it’s trusted by over 1.5 million users. The plugin is easy to use and has all the features to add media-rich social feeds as well as a social wall with multiple social networks, to your WordPress website. In this tutorial we’ll show you how to add social feeds for the most popular social networks: Adding a Facebook Social Media Feed in WordPress Adding an Instagram Social Media Feed…

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.