Akili Interactive, the company behind a video game-like prescription digital therapeutic for children with ADHD, reported its first full-year earnings since going public last year.
The company reported $323,000 in revenue for 2022 compared with $538,000 for 2021. Akili said 2022 revenue was entirely made up of funds earned from sales of EndeavorRx, its therapeutic that received FDA clearance for...
Accolade, which offers virtual healthcare, as well as care and benefits navigation services, will cut staff and downsize its office footprint, according to a filing with the Securities and Exchange Commission.
The company declined to comment on the number of employees affected by the layoffs. In the filing, CFO Stephen Barnes wrote Accolade was "accelerating the integration of recent...
Charlotte, N.C.-based Atrium Health and Best Buy Health are partnering to develop new hospital-at-home offerings, the latest move in remote patient monitoring for the tech retailer.
The partners said their deal would pair the health system's established telehealth and hospital-at-home programs with Best Buy's in-home services and supply chain. Best Buy's Geek Squad will assist with device set-up...
Transcarent, a digital platform focused on the self-insured employer market, announced plans to acquire assets from 98point6, including its AI-enabled virtual care platform and care business.
According to reporting by Forbes, the deal is worth up to $100 million. It includes 98point6's business with self-insured employers, health systems and payers, as well as an affiliated medical group.
The...
Population health technology company Color announced it had laid off workers as it pivots focus away from COVID-19 testing.
According to posts by former employees on LinkedIn, the company cut 300 jobs. Color CEO Othman Laraki confirmed the layoffs in his own post, saying the company was downsizing its teams focused on COVID-19 testing given the looming end of the public health emergency and...
The Federal Trade Commission has started cracking down on digital health companies for allegedly sharing consumers' health data for advertising purposes.
Last month, the agency said GoodRx had shared personal health information with third parties like Google and Facebook. The company, best known for its drug-cost transparency tools, agreed to pay a $1.5 million fine to settle the case, but...
The Federal Trade Commission has fined online therapy company BetterHelp $7.8 million for allegedly sharing consumer data with third parties like Facebook and Snapchat for advertising purposes.
The proposed order – the second recent action by the FTC regarding data sharing by a digital health company – would also ban BetterHelp from disclosing health data for advertising. The agency said this is...
GoodRx reported falling revenue for the fourth quarter, but its stock rallied early Wednesday after beating earnings expectations.
The company, best known for its drug cost-transparency tools, reported $184.1 million in revenue for Q4 compared with $213.3 million in the prior-year period. Net loss for the quarter was $2 million, compared to $39.9 million last year, which the company said was due...
Google announced Tuesday it had rolled out fall detection features for its Pixel Watch.
According to a blog post, the wearable will use its motion sensors to determine if the user has taken a hard fall. If the watch doesn't sense any movement for about 30 seconds, it will vibrate, sound an alarm and display an on-screen notification, where users can say they're OK or that they need assistance....
Prescription digital therapeutic developer Theranica announced it has received FDA 510(k) clearance to use its Nerivio device for migraine prevention in patients 12 and older.
The wearable is worn around the upper arm and controlled with a smartphone. It delivers electrical pulses to stimulate small peripheral nerves, which aims to trigger a conditioned pain modulation response to alleviate...
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