Oura said the deal could provide new opportunities in payments and data security.
The startup plans to use AI-backed retinal imaging to find early signs of disease based on tech from Australian company Eyetelligence.
In a letter to employees, CEO Ayub Khattak said the diagnostics company's new initiatives are "progressing well but are still early in terms of revenue generation."
According to an audit by the Office of the Inspector General, Medicare improperly paid for $580 million of psychotherapy care, including $348 million of telehealth services, during the first year of the COVID-19 public health emergency.
Simon-Kucher's Jan Bordon and Kay Schultze discuss how to encourage uptake for digital health products.
The company reported a larger net loss in the first quarter that included a $330.3 million noncash goodwill impairment charge.
The company also laid off workers in the U.K. and Israel as it shifts focus to the U.S. market.
The startup plans to file with the FDA to add other monitoring abilities and to introduce the product later this year.
The jury was unable to reach a verdict in the case related to the Apple Watch's health monitoring capabilities.
The group who received an interactive DVD and patient navigation services delivered by phone was nearly six times more likely to be up-to-date on breast, cervical and colorectal cancer screenings compared with a cohort who received usual care.
