TTA’s Autumn Leaves: Oura puts off IPO, Anthropic’s IPO November (?); Sycamore Partners nearing Boots sale; telehealth support for pediatricians in youth mental health, Oracle’s Congressional spanking, more!

 

2-5 October 2026

Here we are past the first week of Fall (or Autumn). The leaves may be turning, but the healthcare/AI  IPOs aren’t, with the Oura health monitoring ring postponing its IPO indefinitely and the Anthropic AI rumored only for early-to-mid-November. Another turning is for Boots, with Sycamore Partners breaking up the Walgreens Boots Alliance combine for $9 billion. And this week’s Perspectives discusses the burden pediatricians are taking on in youth mental health and how telehealth can support this need.

For Readers: Your Editor will be on publishing leave due to travel to 21 October. ‘Best Of’ Alerts will be out weekly on Fridays and Saturdays after this week till then. Some past highlights:

  • Humanity’s Rumored Doom in 10 years at the hands of AI are Zebras, not Horses.
  • Oracle’s simultaneous strong Q1, 3,000 layoffs, and its two top execs subpoenaed by the House VA Committee for a whacking over the 170% increase in budget to cover the next three years (Congress is Fed Up).
  • How infrastructure tech needed by healthcare organizations can’t get arrested on funding, while whiz-bang consumer apps can.

Please feel free to comment on the articles and pass along this Alert. Let me know if this is worth it to you! Also check out my personal page on Substack.

IPOs, IPOs–Oura’s stalls out, Anthropic’s restarts, possibly mid-November. To everyone’s amazement!

Developing: Walgreens’ Sycamore Partners owner on final approach to sell Boots operation to Canada’s Weston family for ~$9B

Perspectives: What Meta’s settlement reveals about youth mental health, access shortages, and where telehealth can support pediatricians

More of Interest 

Oracle’s continued restructuring cuts 3K more jobs, adds $700 million while revenue grows 30%; House VA Committee subpoenas Ellison, Sicilia 19-0–and why Congress is mad at a 170% budget increase (Updated for how Congress really feels)

(Related) Revealed: Oracle’s extended VA EHRM contract increased by $17B as original ceiling reached this year; VA Indy EHR goes online

AI’s hoofbeats as Horses, not Zebras: a Gimlety view of AI’s destructive capacity (updated) (P(doom) may be conquered by F(doom), or Why Worry?

Perspectives: Digital Health Capital Keeps Rewarding What Patients See, Not What Keeps Companies Alive (Infrastructure tech can’t get funding)

Silicon Valley Bank’s take on H1 investment: among the “have and have nots”, it was “the best half in years” for health tech

 * * *
Advertise on Telehealth and Telecare Aware
Support not only a publication but also a well-informed international community.

Contact Editor Donna for more information.

Help Spread the News

Please tell your colleagues about this free news service and, if you have relevant information to share with the rest of the world, please let me know!

Donna Cusano, Editor In Chief
donna.cusano@telecareaware.com

Telehealth & Telecare Aware – covering news on latest developments in telecare, telehealth and eHealth, worldwide.

Perspectives: What Meta’s settlement reveals about youth mental health, access shortages, and where telehealth can support pediatricians

TTA has an open invitation to industry leaders to contribute to our Perspectives non-promotional opinion and thought leadership area. Today’s topic concerns youth mental health–and how specialized telehealth can provide remote psychiatric backup to assist pediatricians in making critical treatment decisions. The author, Andy Flanagan, is CEO of Iris Telehealth, where he draws on experience as a three-time CEO and senior leadership roles at Siemens Healthcare, SAP, and Xerox to guide the company’s mission of improving behavioral health outcomes for patients and clinicians.

Meta’s $16.7 billion settlement with a coalition of state attorneys general puts a number on something health systems have felt for years without a dollar figure attached. Youth mental health has become a public health infrastructure problem, and the infrastructure absorbing most of the impact isn’t behavioral health. It’s primary care.

New survey data from Iris Telehealth shows that when a child starts struggling with attention, mood, or behavior, 42% of parents try home strategies first. Another 23% bring the issue to a teacher or school counselor. Only 11% go directly to a mental health professional. Everyone else eventually lands somewhere else first, and for most families, that somewhere is a pediatrician’s office.

Pediatricians are absorbing psychiatric decisions that used to require a specialist referral, and telehealth can put that backup in the room with them instead.

Pediatricians have become the default specialist

Sixty percent of parents in our survey said their pediatrician or healthcare provider is where they get information on supporting their child’s behavioral or emotional health, ahead of friends and family, online resources, and school staff combined.

The same pediatrician parents go to for guidance is often the one prescribing the medication that guidance leads to. Among parents whose children have taken medication for a behavioral or emotional challenge, 44% said a pediatrician wrote it. Only 38% said a child psychiatrist did.

A prescription for a child’s mood or attention shapes how they sleep, eat, and function every day. Pediatricians are handling more of that decision themselves, and a child psychiatrist is rarely in the building to weigh in alongside them.

Fewer pediatricians will be available right when more families need one

The pediatricians absorbing this load today are about to become scarcer. A study published this year projects that pediatrician demand will grow 2% between 2025 and 2037, while the supply of pediatricians actually available to see patients drops by more than 10% over that same period.

Workforce adequacy, the measure of how well supply meets demand, falls from 92.3% today to 81.2% by 2037. Families in non-metropolitan areas and the South will feel that gap hardest, and general pediatrics is already projected to rank 14th out of 21 medical specialties for workforce adequacy by then.

At the same time, the number of families raising a mental health concern at a pediatric visit keeps climbing. A JAMA Network Open study of 1.8 million children’s insurance claims found that visits involving a mental health diagnosis rose from 5.7% in 2014 to 9.7% in 2023. Anxiety drove most of that increase, with related visits climbing more than 250% over the decade.

For a pediatric practice, that means fewer providers on staff and more children walking in with a mental health concern attached to their visit, a combination that leaves less time and specialized support for each one. Parents aren’t asking to skip straight to medication, either. Only 7% think it should be the first step, and 45% want skill-building tried before it. What they don’t have is a clear signal for when to move from that skill-building to professional guidance, the equivalent of a pediatrician tracking height and weight at every visit regardless of symptoms.

Integration bridges the pediatric access gap that primary care can’t close alone

Pediatricians shouldn’t have to become child psychiatrists. What they need is specialist support embedded directly into the visits already on their calendar. By integrating telebehavioral health clinicians into existing primary care workflows, health systems put expert guidance right at the point of care — specifically when specialists make critical prescribing decisions. The pediatrician is no longer left managing complex cases in isolation simply because the nearest child psychiatrist is half an hour away, or completely non-existent in their county.

AI plays a valuable, supporting role in this integrated model that’s strictly focused on efficiency. Used for triage support, ambient documentation, and identifying potential referrals, AI lightens the administrative burden that often makes specialist collaboration hard to sustain. It supports the clinical team, but it never makes clinical decisions.

While policy shifts, like Meta’s recent settlement over youth app safety, target the digital environment straining kids’ mental health, regulatory fixes don’t solve the immediate clinical access crisis. That requires accessible, expert care. Telebehavioral integration gives health systems the scalable infrastructure needed to support pediatricians today, starting with the very next patient on the schedule.

Perspectives: What Healthcare Can Learn from Formula One About AI

TTA has an open invitation to industry leaders to contribute to our Perspectives non-promotional opinion and thought leadership area. We welcome back Iris Telehealth for today’s topic on how telehealth and clinical dashboards should be like modern Formula 1 race cars’–displaying the relevant information for that patient visit and increasing clinician presence versus being overwhelmed by data and documentation load. The author, David Bartley, is Iris Telehealth’s Chief Solutions Officer, with over 20 years of experience leading healthcare product strategy across payers, providers, and population health organizations including MedeAnalytics, Cotivi (formerly Verisk Health), eviCore, Healthways and Humana.

Behavioral health organizations are already absorbing a level of administrative pressure that has nothing to do with clinical care. I’ve spoken with CEOs of rural mental health clinics who are deciding between keeping a clinician on staff and sustaining the administrative infrastructure required to stay compliant.

One told me he had seven people on staff doing nothing but collecting state reporting data — compliance work that consumed payroll he would rather put toward clinical capacity. That tradeoff is exactly what funding pressure forces, and it is where AI can do something genuinely useful: absorbing the administrative work so that the next available dollar goes toward a clinician, not a spreadsheet.

What’s keeping organizations from achieving this reality with AI? Well, most of the industry is measuring AI’s value primarily through operational metrics, like how many more patients a provider can see, how fast documentation gets processed, or how lean an operation can run. Those are important operational metrics — but on their own, they don’t tell us whether care actually improved.

The organizations that figure out how to use AI to deepen the quality of each encounter, rather than multiply the number of them, will move care forward.

Leading health systems are already building toward it. At Mayo Clinic, for example, investments in integrated, AI-enabled platforms are helping bring together multimodal clinical data and advanced analytics in ways that surface the most relevant insights at the moment of care. It’s a signal that the industry is moving beyond AI as an efficiency tool and toward AI as a clinical intelligence layer.

Surfacing what matters, exactly when it matters

When I think about what AI should look like inside a clinical encounter, I keep coming back to Formula One. A driver at race speed does not receive every data point the car is generating. They get tire temps, oil pressure, wind shear — the six or seven variables that matter most in that exact moment, surfaced at eye level in what is known as a heads-up display, so they can keep their focus on the track.

A telehealth dashboard should work the same way. Data like relevant patient history, active risk factors and behavioral signals worth exploring, all fixed at the top of the screen. Something buried in a clinical note from two years ago that has not been relevant for months could resurface the moment the conversation makes it useful again.  The goal of AI in behavioral health should not be to simply accelerate care delivery but to increase the signal-to-noise ratio inside each clinical moment.

The provider never has to look away from the patient to find it, and the patient never loses the sense that the person on the other side of the screen is fully present. In behavioral health especially, where the therapeutic relationship is the mechanism of care, the quality of that connection often determines whether treatment actually works.

The value of presence

A JAMA Network study published in October 2025, with data collected in 2024, on ambient AI scribes found that documentation load directly erodes the attention providers can bring to each encounter. Clearing that load only to fill the time with more appointments trades one problem for another.

Providers need time between encounters to process what they heard, notice what did not get said and carry genuine context into the next conversation. That kind of reflection is where clinical judgment actually develops and is exactly what gets squeezed out when efficiency becomes the primary design constraint.

Patients who feel that a provider is fully present are more likely to disclose accurately, follow through on treatment, and stay engaged over time. AI designed around that outcome becomes a powerful tool that actually earns its place in the workflow.

Formula One teams do not build heads-up displays to increase the number of races a driver competes in. They build them to make each race winnable. The industry would do well to borrow that distinction.

Perspectives: As police step back from mental health calls, telepsychiatry steps forward

TTA has an open invitation to industry leaders to contribute to our Perspectives non-promotional opinion and thought leadership area. Our hot topic today is community mental health crisis response, and the role that telepsychiatry can play in an integrated approach to  prevent crises from escalating. Today’s contribution is from Andy Flanagan of Iris Telehealth. As CEO, he drives strategy, operations, and culture, leveraging his extensive healthcare and leadership experience. A four-time CEO with a background in global health tech, he holds degrees from Northwestern and the University of Nevada, Reno.

Law enforcement is stepping back from mental health crisis response. Sacramento County Sheriff recently announced deputies will no longer respond to non-criminal mental health calls, citing a recent Ninth Circuit Court ruling that questioned police involvement where no crime has occurred.

Sacramento isn’t alone. In Austin, Texas, the police union president declared that “the Austin Police Department must stop responding to mental health calls,” as reported by Fox 7 Austin.

Law enforcement is underequipped for mental health crises. But who should respond instead? How do we build a system that connects people in crisis with appropriate care?

The answer lies in creating integrated crisis response systems that combine trained mental health professionals, community resources and telepsychiatry to ensure people in crisis get immediate access to appropriate care, regardless of location or timing.

The current crisis

In Austin alone, police responded to 34,000-52,000 mental health calls annually since 2020. Nationally, the burden is immense, with behavioral health-related emergency department (ED) visits doubling from 2011 to 2020, now reaching approximately 47 visits per 100 people.

When law enforcement withdraws from mental health response, this pressure shifts to already strained emergency departments. Without alternative systems in place, people experiencing mental health crises have nowhere to turn except hospital EDs, leading to overcrowding, extended wait times and less-than-optimal care environments for behavioral health needs.

First responders face an impossible task. Most receive minimal mental health training — often just 40 to 120 hours — compared to the years of specialized education mental health clinicians receive. This gap creates dangerous situations like the DeSilva case that prompted the Ninth Circuit ruling.

A better approach

Communities are discovering more effective models for mental health crisis response. The nationwide 988 Suicide and Crisis Lifeline provides immediate access to trained counselors, while integrated crisis response systems — like Austin’s approach of offering mental health services as a 911 option — show promising results. When Austin callers select mental health services, they’re connected with Integral Care clinicians who conduct assessments, provide support and deploy mobile crisis teams when needed. According to Fox 7 Austin, 87% of these calls are resolved without police involvement.

Specialized mental health professionals are the cornerstone of these systems. These experts bring the right training and perspective to de-escalate situations, connect individuals to appropriate resources and provide trauma-informed care. Unlike law enforcement, their approach centers on therapeutic intervention rather than control and containment.

Technology bridges access to specialized services. Telepsychiatry enables immediate access to mental health expertise, even when providers aren’t physically present. Digital platforms can connect crisis responders with psychiatrists for real-time consultation, ensuring appropriate assessment and care planning from the first point of contact. This is particularly valuable for rural communities with provider shortages, where in-person mental health specialists may not be readily available.

The role of telepsychiatry

Telepsychiatry platforms connect patients directly to behavioral health expertise before crises escalate. Today’s technology enables immediate access to qualified mental health professionals through smartphone apps, community centers and EDs. Modern systems incorporate AI-driven analytics to optimize patient scheduling and resource allocation without replacing clinical judgment.

The benefits are immediate for patients who receive specialized care within 30-45 minutes versus traditional ED visits taking 2+ hours. Healthcare providers gain psychiatric expertise without maintaining 24/7 in-house specialists, addressing a critical gap where 54% of U.S. hospitals have no psychiatrists available for ED and inpatient consultation services. When telepsychiatry is effectively implemented, health systems experience reduced boarding times, lower admission rates and improved emergency department throughput. One hospital avoided more than $1.7 million in boarding costs with a 281% return on investment, while another reduced psychiatric patient length of stay by 70%.

Technology works best when enhancing human expertise, not replacing it. A recent Iris Telehealth survey found 41% of respondents would feel comfortable receiving treatment recommendations from AI-powered mental health tools, and 33% would leverage these tools if integrated into services they already use (think telehealth platforms or primary care visits).

As law enforcement rightfully steps back from mental health crisis response, we must step forward with integrated solutions that combine human expertise and technology. Telepsychiatry represents one critical piece of a comprehensive approach connecting people in crisis with appropriate care.

For Perspectives editorial and additional opportunities such as supporting TTA through advertising, contact Editor Donna.

Funding/M&A roundup: DarioHealth’s $25M, Innovaccer buys Humbi AI, Percipio Health launches with a $20M Series A, Iris Telehealth buys innovaTel

DarioHealth pulls another multi-colored rabbit out of the hat. This time, it’s a $25.6 million private placement of 25,605 shares of convertible preferred stock at $1,000 per share “to extend Dario’s cash runway and bolster its financial position enabling the Company to continue executing its current strategic plan”.  The raise is from existing investors with the rest from ‘accredited healthcare investors’ and healthcare sector executives who can presumably hack their way through the terms and conditions of the placement.

Their objective by the end of 2025 is to have an operational positive cash flow run rate from “high-margin, scalable recurring revenues across our B2B and pharma channels.”  With the private placement, Dario has a $40.6 million cash position. Their last raise of $22.4 million, also a private placement, was timed with their complex $30 million (maybe) Twill telementalhealth acquisition in February 2024.  DarioHealth release, Mobihealthnews

That strategic plan has changed substantially since 2022, when Dario branched out from MSK therapies to clinically-based interventional care management solutions through apps and consults in cardiometabolic and behavioral health. In 2023, their revenue dropped to $20.4 million to the prior year’s $27.7 million with a slightly reduced net loss of $59.4 million from $62.2 million. This was attributed to changing from a B2B to a B2B2C model. By Q3 2024 the strategy at least on the revenue side seemed to be working, with YTD revenues at $19.4 million, a 16.1% increase over prior year, but an increased loss of  $46.1 million. Release.

Earlier this month, Dario jumped on the GLP-1 prescribing bandwagon with prescribing capabilities announced through a collaboration with MedOrbis. Release

Innovaccer makes third acquisition in a year, Humbi AI. The AI-enabled data analytics company for payer and provider intelligence will combine Humbi AI’s actuarial software, services, and analytics with their Healthcare Intelligence Cloud. Humbi’s data includes Medicare and Medicaid data covering over 200 million lives. Purchase price, funding, and management transitions for the small Tennessee-based company were not disclosed. San Francisco-based Innovaccer, which earlier this month raised $275 million in a rare Series F, purchased Cured and Pharmacy Quality Solutions (PQS) in 2024. Release, FierceHealthcare

Percipio Health launches with a $20 million Series A and a veteran crew. The Plano, Texas-based startup RPM company has developed an app-only platform that monitors health conditions without the use of peripheral devices. It works by collecting multiple health signals daily through vision-based AI biomarkers for vitals and medication monitoring and vocal AI biomarkers for brain health assessments, among others. This provides predictive clinical intelligence for clinicians to assess and provide proactive care for rising and high-risk patient populations. Co-founders Eric Rock and David Lucas co-founded Vivify Health, a RPM platform now owned by Optum and earlier  MEDHOST, an emergency department medical records and workflow solution now part of HealthTech Holdings. Percipio’s raise came from investors including UPMC Enterprises, WAVE Ventures, Labcorp, and First Trust Capital Partners, LLC.  Release

Iris Telehealth acquires innovaTel by Quartet. Iris specializes in providing behavioral health services to health systems and community health clinics. innovaTel adds telepsychiatry staffing through its national network of qualified psychiatrists, psychiatric nurse practitioners, and licensed clinical social workers. According to the release, Iris also becomes one of the largest telepsychiatry providers in the US. Psychiatric service coverage has been moving towards a crisis point for years, with the Federal Health Resources & Services Administration (HRSA) calculating that nearly 160 million Americans live in areas designated as having a mental health provider shortage.  Psychiatry is also the third oldest specialty, with doctors’ average age at 55 (Psychiatric Times).  Purchase price, funding, and management transitions were not disclosed. Release