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.
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.
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.”
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.