Category: digital health

Medly, a digital pharmacy that offers free, same-day delivery of medications, has reduced its workforce by almost half while its founder has exited the company.

Ann Arbor-based Michigan Medicine is expanding its relationship with healthcare consumer experience company Loyal to modernize its digital health experiences for patients. 

CertifyOS, a startup that offers digital credentialing and licensing services to healthcare providers and payers, has raised $14.5 million in a series A investment round led by General Catalyst.

Innovaccer, a company that provides cloud services to healthcare organizations, has laid off about 8 percent of its workforce, or 90 employees, a spokesperson confirmed to Becker’s.

Virtual healthcare platform Wheel has laid off 35 employees, or 17 percent of its staff, a spokesperson confirmed to Becker’s.

GoodRx plans to let go of about 16 percent of its staff, or 140 employees, the digital pharmacy savings company said in an Aug. 31 Securities and Exchange Commission filing.

In this tech-heavy age for healthcare, more hospitals and health systems have been creating the role of chief digital officer to oversee initiatives like virtual care and remote patient monitoring. 

Amazon Web Services has picked 10 startups for its accelerator program focused on health equity that a top executive told Becker’s can not only help reduce disparities but boost hospitals and the healthcare system as a whole.

Despite a slowing funding market for digital health companies, investors continue to pour money into promising health tech ideas.

After a busy 2021, in which digital health companies raised many billions of dollars and some even went public, the market for startups offering tech-heavy services like virtual care and data analytics has slowed, leading many of the firms to cut jobs …