Finance

Person looking at their phone
By  Jessica Hagen 01:46 pm May 3, 2023
Talkspace reported an 11% increase in revenue in the first quarter that was driven by an increase in its business-to-business sales. The teletherapy company reported $33.3 million in revenue compared with $30.2 million in the prior-year period. It noted a 71% increase in its B2B revenue year-over-year and 40% decline in its consumer revenue. The New York-based company reported a net loss of $8.8...
A close-up of a person wearing a smartwatch.
By  Emily Olsen 12:46 pm May 2, 2023
A smartwatch trade secrets battle between Apple and health tech company Masimo ended in a mistrial yesterday when jurors failed to reach an unanimous verdict. Masimo sued Apple in 2020 for allegedly poaching its employees and stealing trade secrets related to technology that uses light to measure blood oxygen levels in the Apple Watch. The company had been seeking more than $1.8 billion in...
Healthcare provider looking at a computer
By  Jessica Hagen 10:11 am April 28, 2023
Arizona-based virtual care platform eVisit has acquired New York-based Bluestream Health, a virtual care management platform for healthcare providers and health systems.  eVisit offers a telemedicine platform alongside scheduling, waiting room management, intake and discharge.  Bluestream is a virtual care platform that helps brick-and-mortar facilities shift workflows to a virtual care format...
MyHealth1st mobile app interface
By  Adam Ang 02:47 am April 28, 2023
1st Group sells MyHeath1st to HealthShare ASX-listed 1st Group has sold its human health bookings business to digital health firm HealthShare for A$1.25 million ($830,000).  According to corporate disclosure, 1st Group is divesting its healthcare service search and appointment bookings platform MyHealth1st to plug cash outflows while focusing its capital investments on its other businesses,...
A person talking to a doctor via video call on her laptop.
By  Emily Olsen 12:15 pm April 27, 2023
Teladoc Health stock rose Wednesday night after the virtual care company posted a revenue boost and a narrower loss in the first quarter this year. Teladoc reported revenue of $629.2 million, an 11% increase from $565.4 million in the first quarter of 2022. Net loss was $69.2 million, or $0.42 per share, compared with $6.7 billion, or a loss of $41.58 per share, in Q1 last year. In 2022, Teladoc'...
A close-up of workers looking at financial charts
By  Emily Olsen 02:39 pm April 25, 2023
GE HealthCare's stock slipped Tuesday morning even as the health technology giant beat earnings estimates during its first full quarter as an independent company. The company, which officially spun off early this year, reported $372 million in net income in the first quarter compared with $389 million in the prior-year period. The health tech giant reported revenue of $4.7 billion, an 8% increase...
Two people sitting in a room, one with their head down
By  Jessica Hagen 02:05 pm April 24, 2023
Boston-based virtual reality platform XRHealth and Barcelona-based Amelia Virtual Care, a VR platform for mental health professionals, announced their intention to merge into one company under the XRHealth brand name.  XRHealth's platform allows patients on the autism spectrum and those with stress and anxiety, chronic pain, fibromyalgia and neurological conditions to connect with a provider via...
WINFertility's Roger Shedlin, Chicago Pacific Founders' Larry Leisure, Contigo Health's Steven Nelson, Accenture's Kaveh Safavi and moderator Sumit Nagpal.
By  Emily Olsen 10:26 am April 20, 2023
Health systems are facing a difficult financial future as labor costs soar and the population ages, increasing demand just as hospitals have less resources to serve them, said panelists at the 2023 HIMSS Global Health Conference & Exhibition. Kaveh Safavi, senior managing director of healthcare at Accenture, is concerned access is going to become a much bigger issue. Though he's hopeful that...
Moderator Daniel Turner-Lloveras, Chris Wasden, Kelsey Maguire, Dr. Shoeb Sitafalwalla and Dr. John Torous.
By  Emily Olsen 10:40 am April 19, 2023
CHICAGO — Digital therapeutics have the potential to give patients a new way to access care and lessen the burden on providers, said panelists at the 2023 HIMSS Global Health Conference & Exhibition on Tuesday. But startups face some challenges when it comes to getting these tools into patients' hands. Kelsey Maguire, managing director at Blue Ventures Fund, said many companies are interested...
A gavel and a stethoscope.
By  Emily Olsen 01:09 pm April 12, 2023
A federal jury found three former executives of health tech company Outcome Health guilty of multiple counts of fraud on Tuesday.  Rishi Shah, cofounder and former CEO, Shradha Agarwal, former president, and Brad Purdy, former chief operating officer and chief financial officer, were convicted for their roles in a $1 billion scheme that defrauded investors and clients, largely pharma companies....