Rounds: Following the Money in Digital Health, Megan Zweig and Arvind Kadaba

Co-hosted by Christina Farr and Stephanie Davis, this episode digs into what's really driving digital health right now — mega deals, market concentration, and what's building durable advantage as AI becomes table stakes. Megan Zweig, CEO and President of Rock Health Advisory, joins to break down Rock Health's H1 2026 funding and market report, and Arvind Kadaba, CFO of Aidoc, sits down to talk about fundraising, market forces, and what sets a clinical AI company apart.

We'll cover:

• The latest health tech news — AI's borrowed money problem, a ChatGPT health lawsuit, wearables' big moment (Garmin's new tracker, Eli Lilly's Oura investment), and a CMS proposal threatening remote monitoring

• Megan Zweig breaks down Rock Health's H1 2026 report — digital health funding hit $7.4B in H1 2026, driven by a growing wave of mega deals

• Why mega deals now make up 45% of all capital — just 8% of deals absorbing nearly half the funding

• Arvind Kadaba on Aidoc's back-to-back $150M raises in under a year — and what his Wall Street background reveals about today's funding environment

• How Aidoc is staying ahead now that "AI-enabled" no longer means anything as a differentiator

Hosts and Guests:

• Christina Farr, CEO, Second Opinion; GP, Scrub Capital

• Stephanie Davis, Healthcare Industry Analyst

• Megan Zweig, President & CEO, Rock Health Advisory

• Arvind Kadaba, Chief Financial Officer at Aidoc

Timestamps:

• (0:00) Intro
• (0:46) Oracle's debt and the AI spending boom
• (2:32) Will Oracle sell Cerner?
• (3:35) The ChatGPT lawsuit and AI health guardrails
• (6:11) Garmin's screen-free tracker and the wearables moment
• (9:39) CMS proposal on RPM/RTM third-party vendors
• (11:50) Included acquires Firefly Health
• (13:48) Megan Zweig joins to break down Rock Health's H1 2026 report
• (20:15) Mega deal concentration
• (21:37) Behavioral health funding and market saturation
• (27:19) Why "AI-enabled" is no longer a differentiator
• (33:56) Megan's closing thoughts and predictions
• (35:31) Arvind Kadaba, CFO of Aidoc, joins the show
• (37:53) How AI is changing investor diligence
• (43:21) Hiring and team growth with AI
• (46:05) Growth vs. profitability and the Rule of 40
• (51:43) Rich vs. king: framework for founders
• (53:41) Arvind's best advice for founders raising capital

Sponsored by Silicon Valley Bank.