Finance

Person lying on a couch with their hand on their forehead with their eyes closed
By  Jessica Hagen 01:42 pm November 20, 2023
VR behavioral health platform BehaVR is merging with virtual chronic care-management company Fern Health to form RealizedCare, a digital care-management platform for chronic pain powered by digital therapeutics.   BehaVR developed mental and behavioral health prescription digital therapeutics, which include treatments for pain, stress, anxiety and addiction. The Tennessee-based company also...
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By  Jessica Hagen 11:45 am November 15, 2023
Mental health startup UpLift announced it acquired women-focused digital psychiatry platform Minded, increasing its women-led offerings and expanding its reach to five additional states.  UpLift's behavioral health platform offers patients access to in-network therapists and mental health providers virtually or in person. Therapists can also use the platform to find clients and manage their...
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By  Jessica Hagen 03:52 pm November 10, 2023
Akili, the company behind a video game-like prescription digital therapeutic for children with ADHD, reported a rise in third-quarter revenue to $702,000, from $114,000 in the second quarter of this year, which the company attributes to the continued growth of its adult ADHD offering EndeavorOTC. The company reported total operating expenses of $18.8 million for the third quarter, compared to $15...
Healthcare professional listening to a pregnant person's stomach with a stethoscope
By  Jessica Hagen 02:08 pm November 7, 2023
Editor's note: This story has been updated with a comment from Philips.  Royal Philips received an additional $44.6 million from the Bill and Melinda Gates Foundation, bringing its total received to $60 million, to support the global deployment of the tech giant's AI-enabled, FDA-cleared Lumify Ultrasound System. In 2021, Philips received an initial grant of $15.4 million from the Gates...
Two people standing up and looking at a large screen with graphs on it
By  Jessica Hagen 02:02 pm November 7, 2023
Direct-to-consumer virtual care company Hims & Hers Health reported 57% year-over-year revenue in the third quarter of this year at $226.7 million, compared to $144.8 million in the same period last year.   Net loss was $7.6 million in Q3 this year, down from $18.8 million in Q3 last year, and adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) was $12.3 million,...
Person standing in a house holding a phone with a box in front of them
By  Jessica Hagen 12:50 pm November 2, 2023
Viome Life Sciences, maker of at-home tests for gut and immune system health, announced it has acquired digital health-and-wellness data company Naring Health, including its subsidiaries DiscernDX and Foodome.  Viome is split into two divisions, one selling consumer products like microbiome tests that provide diet recommendations and supplements, and the other focused on identifying biomarkers...
Healthcare provider wearing a stethoscope around their neck and scrubs sitting at a desk and looking at a computer
By  Jessica Hagen 02:40 pm November 1, 2023
IKS Health, a technology-backed care enablement platform that offers administrative, clinical and operational support, announced it acquired tech-enabled medical-coding, clinical-documentation and revenue-support company AQuity Solutions for $200 million.  IKS' platform includes technology and services for clinical support, revenue optimization, digital health and value-based care. The company...
People standing and sitting around a table with a screen showing a graph behind them
By  Jessica Hagen 01:26 pm October 31, 2023
GE HealthCare reported its third-quarter earnings today, noting revenue of $4.8 billion, a 5% year-over-year revenue growth and 6% organic revenue growth, seeing its stock price rise.  The company, which officially spun out of GE earlier this year, reported $375 million in net income compared to $487 million compared to the prior-year period, with a net income margin of 7.8% versus 10.6%,...
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By  Jessica Hagen 02:20 pm October 27, 2023
Healthcare data and analytics and tech-enabled services will be the sectors most impacted by generative AI, according to a survey by investment firm GSR Ventures. The survey, which included responses from more than 40 healthcare technology venture capitalists, found that over 71% believe ChatGAPT/GenAI changes their investment strategy "somewhat" or "a little." In contrast, 12% say it affects...
Two people sitting on a couch talking to a healthcare provider who is sitting on a different couch
By  Jessica Hagen 12:46 pm October 25, 2023
Senior care technology platform Sage raised $15 million in a Series A funding round led by Maveron.  Distributed Ventures, ANIMO Ventures and Goldcrest Capital also participated in the round. Natalie Dillion, partner at Maveron, will join Sage's board of directors.  Sage offers a coordinated-care platform for senior living communities that allows residents and their caregivers to connect with...