Cadence raises $100M to automate chronic disease care with regulated AI
Cadence, a digital health company that treats patients with chronic conditions, has raised $100 million with the aim of expanding its presence and automating the work of its clinicians using artificial intelligence.
The new investment, led by Spark Capital, values Cadence at $1.23 billion and places the company at a crossroads. Cadence’s basic billing model, in which it bills insurers monthly for remote patient monitoring, has faced scrutiny from the federal Department of Health watchdog and insurers including UnitedHealthcare. Critics say the reimbursement framework is ripe for abuse and could encourage poor quality care.
This model currently supports the bulk of Cadence’s work with more than 20 health system clients that refer patients to the company’s chronic disease management programs. Cadence uses devices such as blood pressure cuffs and an army of hundreds of clinicians to monitor and care for patients with hypertension, diabetes and heart failure. But the foundations of Cadence’s business could change completely with a significant investment in AI. The company currently manages more than 100,000 patients, and its CEO and founder Chris Altchek hopes to “take it to the next level” by automating some of the human work.
This article is reserved for STAT+ subscribers
Unlock this article – and get additional analysis of the technologies disrupting healthcare – by subscribing to STAT+.
Already have an account? Log in
See all packages
To read the rest of this story, subscribe to STAT+.
Subscribe
PakarPBN
A Private Blog Network (PBN) is a collection of websites that are controlled by a single individual or organization and used primarily to build backlinks to a “money site” in order to influence its ranking in search engines such as Google. The core idea behind a PBN is based on the importance of backlinks in Google’s ranking algorithm. Since Google views backlinks as signals of authority and trust, some website owners attempt to artificially create these signals through a controlled network of sites.
In a typical PBN setup, the owner acquires expired or aged domains that already have existing authority, backlinks, and history. These domains are rebuilt with new content and hosted separately, often using different IP addresses, hosting providers, themes, and ownership details to make them appear unrelated. Within the content published on these sites, links are strategically placed that point to the main website the owner wants to rank higher. By doing this, the owner attempts to pass link equity (also known as “link juice”) from the PBN sites to the target website.
The purpose of a PBN is to give the impression that the target website is naturally earning links from multiple independent sources. If done effectively, this can temporarily improve keyword rankings, increase organic visibility, and drive more traffic from search results.
