Today In Healthcare: Startup Spot Raises $17.5M

Today in healthcare, InsurTech startup Spot snatches $17.5 million in funding, and the medical industry has adapted to a digital, consumer-based care model. Plus, Hollywood is facing COVID-19 vaccination questions.

On-Demand Insurer Spot Raises $17.5M In Funding

Spot, an InsurTech startup providing digital, on-demand injury insurance, announced Wednesday (July 28) that it landed $17.5 million in funding, including $15 million in equity and $2.5 million in debt. GreatPoint Ventures led the round, which also saw participation from Montage Ventures, Mutual of Omaha, MS&AD and Silverton Partners. Mike McCormick, principal at GreatPoint Ventures, will join Spot’s board of directors. Spot will use the funding to expand its team, create new partnerships and increase marketing efforts.

Safety Paves A Path To Digital Healthcare Payments

In “A Decade of Digital Transformation in 12 Months,” 46 C-suite executives spoke with PYMNTS for its Q2 eBook on what the world will look like as recovery rolls on and the next iteration of normal rolls out. In the latest excerpt, Rectangle Health CEO Dominick Colabella explores how the challenges of the pandemic led the healthcare industry to quickly adapt to an increasingly consumer-based model of care, and how Rectangle Health strives to solve the “patient-provider payment predicament.”

Hollywood Joins Corporate America, Government Leaders On COVID-19 Vax Watch

Questions about vaccinations and positive COVID-19 tests are forcing the production of movies and TV shows into sometimes short, sometimes extended breaks. The Delta variant has corporate America, government agencies and professional sports teams — as well as at the 2020 Winter Olympics in Tokyo — focusing more on vaccination levels and keeping tighter control of their environments.



About: Communities coalesce in times of crisis like the recent calamity now fading — but leaving a decimated pool of small and medium businesses (SMBs) in its wake. PYMNTS research finds that consumers want to support Main Street shops now more than ever, largely for reasons of hometown altruism, but they expect something great in return: top-tier loyalty experiences. What’s more, 139 million U.S. consumers feel SMBs should outsource these programs to experts who know how it’s done at scale. Tune into PYMNTS TV as CEO Karen Webster is joined by SBA Administrator Isabella Casillas Guzman, NFIB Executive Director of Research Holly Wade and TD Bank Head of Small Business Specialists Jeff Fazio as they read between the data and lay out a large opportunity for small businesses.

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