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...
Blue Cross and Blue Shield of Minnesota announced it had entered into a full-risk value-based care arrangement with hybrid startup Homeward that aims to increase access for rural Minnesotans.
The insurer and the rural healthcare startup said Medicare Advantage members in 24 Minnesota counties outside of the Twin Cities metropolitan area will be able to use Homeward's services. The company offers...
Teladoc Health stock fell Thursday after the virtual care company reported a $13.7 billion net loss, or $84.60 per share, in 2022.
That compares with a net loss of $428.8 million, or $2.73 per share, in 2021. The figure included $13.4 billion in noncash goodwill impairment charges following Teladoc's 2020 acquisition of chronic-condition management company Livongo.
Teladoc posted revenue of $2....
Copenhagen-based digital health company Dawn Health announced a strategic partnership with pharma giant Novartis to develop a chronic condition management platform.
Under the collaboration, Dawn and Novartis will build remote monitoring and management tools for chronic conditions where they see an unmet need and concerns around disease progression, like multiple sclerosis, hypertension,...
Deidentifying data from wearable devices may not be enough to protect users' privacy, according to a review of studies published in the Lancet Digital Health.
The analysis focused on studies that evaluated whether individuals could be reidentified based on biometric signals from wearables. The researchers included 72 studies in their final review. Most focused on using EEG, ECG and inertial...
Digital musculoskeletal (MSK) health company IncludeHealth announced it had raised $11 million in a funding round led by CincyTech with participation from Tamarind Hill and other investors.
The company said it would use the funds to expand MSK-OS, its virtual care platform for delivering musculoskeletal care and physical therapy. Late last year, IncludeHealth announced a partnership with Yale New...
Faro Health, which offers software to help researchers design clinical trials, announced last week it had raised $20 million in a round led by General Catalyst.
Participants in the raise include returning investors Section 32, Polaris Partners, Zetta Ventures, and Northpond Ventures. The startup previously scooped up $15 million in Series A funding.
"Faro has developed software that allows rapid...
Online birth control pharmacy The Pill Club reached an $18.3 million settlement with California authorities for allegedly defrauding the state's Medicaid program.
According to the California Department of Justice, the company billed Medi-Cal for services it hadn't provided, allegedly submitting claims for 30-minute face-to-face counseling sessions when its nurse practitioners didn't have direct...
DarioHealth is partnering with Dexcom to integrate the company's continuous glucose monitors into Dario's chronic-condition management platform.
The collaboration will allow Dario's digital health tools for metabolic health to include data from Dexcom CGMs, wearable sensors that automatically monitor blood glucose levels for patients with diabetes.
Dario said integrating CGM data would provide...
After weeks of rumors, CVS Health announced plans to acquire Oak Street Health, a primary care provider geared toward the Medicare population, in a deal worth approximately $10.6 billion.
Chicago-based Oak Street Health runs 169 clinics in 21 states, employing about 600 primary care providers. CEO Mike Pykosz will continue to head up the company following the deal's close, which the companies...
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