Category: digital health

While digital health funding dropped by nearly one-third in the third quarter of 2022, there were still notable deals for health tech companies.

Behavioral health tech company NeuroFlow has raised $25 million in growth capital led by Semcap Health.

After reaching record levels in 2021, digital health funding was down 31 percent in the third quarter of 2022, according to an Oct. 11 CB Insights report.

Noom has let go of about 500 employees in another round of layoffs for the weight loss and dieting app, TechCrunch reported.

Pittsburgh-based UPMC has developed a digital app the health system says has been effective in reducing anxiety and depression in teens and young adults.

Redesign Health, a company that launches healthcare startups, has laid off 20 percent of its staff a month after raising $65 million, Fast Company reported.

The privacy risk of patients sharing their deidentified data for medical research is low, an Oct. 6 study in PLOS Digital Health found.

Artificial intelligence company Olive is divesting some of its assets, while a couple of health systems are leaving the vendor, a company spokesperson confirmed to Becker’s.

Digital health companies raised $2.2 billion across 125 deals in the third quarter, marking the smallest funding quarter for all of 2022, according to the latest quarterly report from Rock Health. 

University of Chicago Medicine’s Maia Hightower, MD, said her health system is already at the leading edge of medicine. She hopes to bring it to the forefront of digital medicine as well.