Healthcare automation company Olive is selling its AI-enabled utilization management tool for payers to health information network Availity.
The deal marks another product divestiture for Olive. Axios first reported last fall the company was selling its population health and 340B management tools to healthcare AI company Rotera.
Those sales came several months after Olive announced it was laying...
Calif.-based startup Curative offers COVID-19 testing and vaccination services throughout the U.S., but as testing needs have lessened, the company is shifting its focus to launching a new health plan.
Due to the course change, the company is laying off 109 employees in early November.
The company filed a Worker Adjustment and Retraining Notification Act notice with the state of California. WARN...
Healthcare automation startup Olive is laying off about 450 workers, according to an email sent by CEO Sean Lane to employees on Tuesday.
Lane wrote the company had grown quickly over the past several years, hiring new staffers and launching new tools. But the "realities of today's economy" are pushing the automation company to pull back from that strategy.
Going forward, Olive will focus on...
Axios' Erin Brodwin published a new investigation which discovered healthcare automation startup Olive is exaggerating its capabilities and only uses "rough estimations" to gauge its cost savings. According to the report, Olive, which promises health systems cost savings, is only tracking savings if a client requests it. The report also highlighted Olive employees' concerns about how the company...
Olive, a healthcare automation company, has started helping early-stage entrepreneurs get their ideas off the ground with the creation of Olive Ventures.
The in-house studio is focused on fostering new digital health startups that will create innovative products and services for the healthcare industry.
"We're bridging the 'valley of death' in the healthcare startup landscape," Sean Lane, CEO of...
Healthcare automation company Olive announced today the closing of a $400 million investment round led by Vista Equity Partners. The new capital boosts Olive’s valuation to $4 billion, the company said.
The Base10 Advancement Initiative also participated in the funding round, which helped create the Olive Scholarship, a series of financial aid awards for America's Historically Black Colleges and...
Circulo Health, a Columbus, Ohio-based insurtech startup targeting the Medicaid population, has announced itself with the backing of $50 million from Drive Capital, General Catalyst, Oack HC/FT and SVB Capital.
WHAT IT DOES
Circulo is still very much in its early days. Its public presence so far is a sparse homepage that connects to a LinkedIn page and an email address for interested job seekers...
Put your X-ray where your mouth is. After fielding accusations of fraud that temporarily damaged the value of its stock, digital X-ray-imaging company Nanox gave a highly publicized live (but virtual) demonstration of its imaging technology at the Radiology Society of North America's annual meeting.
The demo – a recording of which Nanox said will be available to the public later today from the...
Olive, an artificial intelligence startup aiming to lessen the burden of healthcare administration tasks, announced today that investors have added another $225.5 million to its coffers, bringing its nine-month and lifetime fundraising totals to $385 million and $448 million, respectively.
Tiger Global led the latest investment, which also saw participation from returning backers General Catalyst...
Tonal has brought in $110 million from investors, the connected fitness company announced last week. L Catterton, Sapphire Sport, Shasta Ventures, Mayfield, Evolution Media and THVC each renewed their support in the AI-powered exercise-machine service, while new backers included Delta-v Capital, the Amazon Alexa Fund, Mouse Partners and a trio of high-profile athletes – basketball players Stephen...
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