Amazon has partnered with Hinge Health to enhance its digital health benefits program, focusing on musculoskeletal (MSK) care. This collaboration aims to improve access to Hinge Health’s services for over 18 million people, addressing the widespread issue of unawareness regarding available health benefits. Hinge Health's platform combines wearable technology and personalized coaching to help individuals manage and alleviate joint and muscle pain effectively.
Digital health is stabilizing, with quarterly deal values around $1.5 billion since late 2022, primarily driven by telehealth. Investment in digital care and treatments rose to $272.3 million in Q2 2024, highlighting a surge in startups leveraging generative AI for patient care. Notable funding rounds include Foodsmart's $200 million and Sword Health's $130 million, while IPO plans are emerging for companies like Omada Health and Hinge Health.
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