WELL Health Technologies, a digital healthcare company, reported that it exceeded a $1 billion annualized revenue run-rate, with record revenue of $251.7 million in the third quarter of 2003, a 23% increase from the $204.5 million reported in the same period last year.
The company also reported that Canadian Patient Services revenue was $78 million in Q3 2024, an increase of 35% compared to $57.8...
Direct-to-consumer virtual care company Hims & Hers Health reported a 52% year-over-year increase in revenue from $207.9 million in the second quarter of 2023 to $315.6 million in Q2 2024.
The San Francisco-based company reported a net income for the second quarter of $13.3 million compared to a net loss of $7.2 million in the same period last year.
Adjusted EBITDA was $39.3 million for Q2...
Syra Health, a healthcare technology company that provides tools to analyze population health, reported revenue of $1.7 million in the first quarter of 2024, compared to $1.2 million in the same period last year.
The company noted that its strong growth was due to its Population Health offering, which grew 212% year over year, and the growth of its Healthcare Workforce solutions, which grew 28%...
Tennessee-based insurtech provider Clover Health announced a partnership with mental and behavioral health platform Quartet Health, which will bring value-based behavioral healthcare to Clover members with severe mental illness through Clover Home Care.
Clover Home Care delivers care access, medication support, mental and physical care coordination, and community resources to seniors. Clover...
Medicare Advantage insurtech company Clover Health announced it delivered notice to the Centers for Medicare and Medicaid Services that it will be exiting the ACO REACH Program at the end of the 2023 performance year.
The Accountable Care Organization Realizing Equity, Access, and Community Health (ACO REACH) program provides tools and resources to healthcare providers to improve the quality of...
Telehealth and medical transportation company DocGo reported its second-quarter financial results, showing total revenue of $125.5 million, up from $109.5 million in the same period last year.
Revenue from the company's mobile health services was $80.1 million in Q2 2023 compared to $87.3 million in Q2 2022, and it reported $45.4 million in revenue for its transportation services compared to $22...
Medicare Advantage insurtech company Clover Health announced it received a notice from NASDAQ stating the company has regained compliance with the minimum bid price requirement of closing at $1 or more per share for at least 10 consecutive days.
The company said that thanks to NASDAQ's notice, it will revisit its plans to effect a reverse stock split and share reduction proposal, as noted in a...
Tennessee-based Clover Health announced it reached an agreement to settle seven lawsuits in Delaware, New York and Tennessee pertaining to allegations the company did not disclose it was under active investigation by the Department of Justice when it went public in 2021.
Clover Health provides Medicare Advantage insurance plans and offers provider tools, such as its Clover Assistant, which...
COVID-19 changed how healthcare was delivered by accelerating the use of virtual care and telehealth.
But insurers, employers and other payers are jumping on the virtual bandwagon too, hoping to lower the cost of care by offering technology and digital solutions to their members.
More players launched virtual-first health plans, some big insurtechs hit the public markets this year, and digital...
Short seller calls out Clover Health. Hindenburg Research, a short seller that describes itself as a specialist in forensic financial research, published a report criticizing Clover Health's business and alleging that the Medicare Advantage insurtech company has not disclosed active investigations by the Department of Justice.
Hindenburg – which said that it does not have positions for or against...
