Meditation and mental health company Headspace Health has confirmed it laid off 181 workers or about 15% of its workforce.
The cuts are the second round of layoffs for the company in the past year. In December, it laid off about 4% of its workforce, or approximately 50 workers.
The company's CEO, Russell Glass, announced the recent layoffs in an internal memo to employees, stating that the...
Boston-based Author Health, a hybrid care platform for Medicare Advantage members with serious mental illness and substance use disorders, launched with $115 million in financing.
General Atlantic led the round with participation from Flare Capital Partners.
WHAT IT DOES
Author Health provides virtual and in-person psychiatric care for Medicare Advantage recipients with a mental illness or...
Behavioral healthcare startup Concert Health is partnering with Wisconsin-based healthcare provider Froedtert Health to enhance care for pediatric, primary care and women's health patients.
Concert Health offers behavioral health support to primary care, women's health and pediatric providers. Utilizing a collaborative care model, Concert uses referrals, prescription data and screening across a...
Hybrid value-based behavioral healthcare provider, Octave, announced it had scored $52 million in Series C funding, bringing its total raise to $86 million.
Cigna Ventures, Novo Holdings and Avidity Partners led the round, with participation from existing investors Greycroft Partners, Health Velocity Capital, Obvious Ventures, Company Ventures and Felicis Ventures.
WHAT IT DOES
Octave offers in...
Health data startup Komodo Health announced Vikas Mehta is joining the company as its chief financial officer. Mehta previously held the position of CFO at Nike Direct during the pandemic and had finance-related roles at Walmart, Microsoft, and PayPal.
Sarah Shin will also join Komodo as its new chief people officer. Shin previously worked as chief diversity officer for data and analytics...
Soccer players may present a higher rate of depression and burnout than the general population. Still, Connor Tobin, professional soccer player and cofounder and executive director of the United Soccer League Players Association, says professional soccer lacks the resources to support players' mental health.
Tobin sat down with MobiHealthNews to discuss how USLPA aims to aid players through a...
Pennsylvania-based NeuroFlow, a behavioral health company, partnered with Georgia-based healthcare system Emory Healthcare to deliver psychiatric services.
NeuroFlow's cloud-based platform allows healthcare providers to track, assess and connect with patients between traditional office visits. The company also offers AI-driven clinical decision support with recommendations for the next steps for...
During the first year of the COVID-19 public health emergency, Medicare improperly paid for $580 million of psychotherapy care, including $348 million of telehealth services, according to an audit by the Department of Health and Human Services' Office of the Inspector General.
The report, which estimated that Medicare paid for $1 billion of psychotherapy that year, included more than 13.5 million...
Talkspace reported an 11% increase in revenue in the first quarter that was driven by an increase in its business-to-business sales.
The teletherapy company reported $33.3 million in revenue compared with $30.2 million in the prior-year period. It noted a 71% increase in its B2B revenue year-over-year and 40% decline in its consumer revenue.
The New York-based company reported a net loss of $8.8...
Hybrid women's healthcare provider Tia is expanding its mental health services to include new offerings dubbed Groups and Coaching.
Tia combines virtual and in-person care for various women's health needs, including primary and gynecological care and wellness services. The company offers mental health assessments through its primary care visits.
Users will now have access to Groups, an eight-...
