Verily, an Alphabet-owned provider of health technology is getting ready to grow its precision health ventures.
According to a press release, the money, which came from a round that was led by Alphabet, will be used “to support a variety of the company’s core initiatives focused on real-world evidence generation, healthcare data platforms, research and care, and the underlying technology that drives this work.”
According to the statement, the corporation will also take into account potential investments in strategic alliances, international business expansion, and acquisitions.
In the announcement, Verily also disclosed some changes to its management team, designating firm founder Andy Conrad as executive chairman of the board and elevating President Stephen Gillett to CEO. Both adjustments go into effect in January 2023.
According to the press statement, Gillett left Google in 2020 to work for Verily as an operational advisor before rising to the position of chief operations officer. Additionally, he co-founded and served as CEO of Chronicle, a Google Cloud-affiliated cybersecurity business owned by Alphabet. He has previously served in executive capacities at Symantec, Starbucks, and Best Buy.
The investment comes at a time when healthcare has made “the omnichannel leap,” according to research, having previously relied on paper checks, paper charts, invoices, and faxes.
According to CareCredit’s “The ConnectedEconomy: Omnichannel Healthcare Takes Center Stage,” 46% of customers indicated they meet with their healthcare providers both online and offline to get the treatment they need.
By extrapolating the numbers a little, it is implied that 119 million Americans are getting healthcare through a variety of gadgets, telehealth, and other channels, in addition to visiting physicians’ offices.
Only 14.6% of customers only used in-person healthcare services, while only 6.5% used digital channels to solve their healthcare requirements.
