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Axios Pro Exclusive Content


EXCLUSIVE: PICNICHEALTH PACKS $60M FOR HEALTH DATA

 * Erin Brodwin

Jun 27, 2022
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Illustration: Gabriella Turrisi/AxiosExit Content Preview

Medical data sharing startup PicnicHealth packed $60 million in Series C funding
led by B Capital Group, CEO and co-founder Noga Leviner tells Axios exclusively.

Why it matters: Health records — long the least sexy and unwieldiest of medical
technologies — are beginning to be made more useful and consumer-friendly by
both startups and tech giants.

How it works: PicnicHealth helps people gain access to medical records and
partners with drugmakers to match patients with clinical trials.

 * Most of its users have chronic illnesses and visited numerous providers,
   meaning their records can be tough to chase down.
 * As part of its data-hunting process, PicnicHealth deploys a combination of
   human staff and machine learning tools to parse unstructured providers' notes
   — and even the dreaded PDF.
 * "A lot of the value is in that narrative text — it’s in doctor’s notes,"
   Leviner says. "There’s no shortcut. You can’t just use the data that’s easy
   to get."

Backstory: Leviner started PicnicHealth after being diagnosed with Crohn’s
disease and struggling to manage the condition while keeping track of her latest
medical information.

 * "I got into this originally as a frustrated patient, and at the time it was
   all about making life easier for patients by getting them the data they
   needed," Leviner says. "But the deeper into the work we got, the more it
   became ... about ensuring that data gets used for the full benefit, for
   clinical research and improving patients' lives."

Context: The medical records industry for decades has been dominated by major
players Epic and Cerner, but with a new federal rule granting patients
unprecedented access to their medical data, dozens of companies are trying their
hand at better solutions. For example...

 * Flexpa raised $8.5 million for a platform to assist virtual care startups and
   patients with data sharing.
 * PocketHealth raised $16 million to help patients collect the medical images
   from their records.
 * Oracle entered the race earlier this month with its $28 billion takeover of
   Cerner, on the heels of efforts from Apple, Google and Microsoft.

Zoom out: Recent FDA guidance encourages pharma companies to use real-world data
(RWD) — not just information from randomized controlled trials — for drug
approvals.

 * "The government is creating this market by allowing companies to use RWD to
   apply for approvals," says B Capital general partner and head of health care
   Robert Mittendorf.

What's next: With the funds, PicnicHealth plans to create new data cohorts
across 30 new indications in complex, chronic and rare conditions.


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GO DEEPER

 * Arielle Dreher

Jun 27, 2022 - Health


FRACTURED POST-ROE LANDSCAPE LEAVES QUESTIONS ABOUT CROSS-BORDER CARE

Illustration: Brendan Lynch/Axios

The fall of Roe v. Wade leaves health providers facing a patchwork of standards
for reproductive care now that state lawmakers have final say over whether
abortions — and potentially other facets of women's health — are performed
within their borders.

Why it matters: Friday's Supreme Court decision is already deepening divisions
between red and blue states and testing alliances that were forged in response
to COVID-19 to facilitate telehealth services, obtain scarce medical supplies
and fill gaps in the health care workforce.

Go deeper (3 min. read)
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 * Ina Fried, author of Axios Login

Jun 27, 2022 - Technology


TECH COMPANIES FACE TOUGH DECISIONS AFTER ROE V. WADE OVERTURN

Illustration: Lindsey Bailey/Axios

In offering to pay for workers who need to travel out of state to get an
abortion, tech companies are only tackling the first of many challenges they
will have to navigate in a post-Roe world.

Why it matters: Tech companies have plenty of money to cover the costs of such
travel, but will face much tougher decisions when it comes to expansion,
locating conferences, which politicians to support as well as how to handle
court orders for customer data by prosecutors.

Go deeper (1 min. read)
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 * Erin Alberty

Jun 27, 2022 - News


UTAH'S NEW ABORTION BAN COULD WORSEN THE STATE'S OB-GYN SHORTAGE

Illustration: Maura Losch/Axios

Utah is facing an OB-GYN shortage, and doctors say the state's new abortion ban
could make it even harder to recruit new talent.

Why it matters: Utah consistently has one of the nation's highest fertility
rates, according to the CDC. The state's pool of OB-GYNs already is struggling
to meet that demand.

Go deeper (2 min. read)
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