Inside Verily's work with an $18 billion health system to change how doctors get paid

Hello,

Welcome to Insider Healthcare. I'm healthcare editor Leah Rosenbaum back in action, and today in healthcare news:

• A $18 billion health system is partnering with Verily and Google Cloud to make value-based care work;
• Longtime healthcare investors say new tech investors are pushing company valuations higher;
• Investors have been reluctant to fund Medicaid companies, but startups like Cityblock are changing their minds.

If you're new to this newsletter, sign up here. Comments, tips? Email me at lrosenbaum@insider.com or tweet @leah_rosenbaum. Let's get to it...

The CEO of an $18 billion health system shared how it's partnering with Verily to transform the way doctors provide care

• Highmark Health, a major insurer and health system, is working with Verily to transform care.
• They're arming doctors with data to manage patients, said David Holmberg, Highmark Health's CEO.
• It's a key part of Highmark's strategy to reward doctors for the quality of care they provide.

Check it out>>

Here's why longtime healthcare investors urge caution against the influx of funding from tech firms like Tiger Global Management

• Healthcare investors like Oak HC/FT and Andreessen Horowitz are making big bets on digital health.
• They said larger tech investors are partially responsible for pushing valuations higher.
• Andreessen's Julie Yoo said she can't wait for "exploding term sheets" to go away.

See the full story>>

How companies like Cityblock convinced investors there's money in Medicaid

• Medicaid-focused startups have raised millions but are still a small part of digital health.
• Cityblock and Unite Us were among the biggest fundraisers this year.
• Executives from both companies told Insider how they scored investments.

Dive in>>

More stories we're reading:

• Trial announced for 'first-of-its-kind' vaccine to prevent breast cancer (Insider)
• A common antidepressant could be a new COVID-19 treatment (The New York Times)
• Immunocompromised Americans who had a 3rd COVID-19 shot can now get a 4th, CDC says (Insider)
• People's physical boundaries have changed due to the pandemic (Scientific American)

-Leah