Category: digital health

Psych Hub, a platform that aims to help clinicians and patients navigate a complicated mental healthcare system, has raised $16 million in a funding round co-led by HC9 and First Cressey Ventures.

Babylon, which offers an artificial intelligence-powered virtual care app, has largely left the U.K., where it is headquartered, in favor of the U.S. market, Wired reported Aug. 23.

Northwell Holdings, the venture arm of New Hyde Park, N.Y.-based Northwell Health, participated in a $4.1 million seed funding round for Violet, a platform that provides cultural competency training for clinicians. 

Fresenius Healthcare, InterWell Health and Cricket Health have completed a three-way merger to create an independent $2.4 billion company. 

Ubie, a tech startup that offers a medical intake platform powered by artificial intelligence, has raised $26.2 million in series C funding.

Thirty Madison, a company that treats patients for a variety of chronic conditions through telehealth and its proprietary medications, has reduced its workforce by 10 percent, a spokesperson confirmed to Becker’s.

AlayaCare, a tech startup that focuses on home healthcare, has let go of 60 employees, or 14% of its workforce, BetaKit reported Aug. 16.

Artificial intelligence funding in healthcare is skyrocketing with more than $3 billion poured into the sector in the first half of 2022 and nearly $10 billion in 2021, Politico reported Aug. 15.

Butterfly Network, a digital health company that offers its ultrasound technology to hospitals, has let go of 10 percent of its workforce.

Sema4, a genomics spinoff of New York City-based Mount Sinai Health System, has let go of 250 employees as part of an effort to save $50 million in 2022.