iRhythm Technologies, maker of the Zio XT and Zio AT adhesive heart monitors, announced first quarter financials boasting higher revenue and an improved gross margin during an earnings call for investors earlier this week. These promising numbers were paired with a net loss nearly double what was reported last year during the same quarter, although these were waved off by executives as the result...
Amidst big gains in total revenue, memberships, and user engagement, Q1 2018 earnings reported by Teladoc show that the telemedicine company is still a long way from turning a profit.
But while this quarter’s reported net loss of $23.9 million is a noticeable increase over the $15.7 million of the same time last year, CEO Jason Gorevic said during an investor call that the company is still on...
Pharma companies have been eying digital health with interest, and the first quarter of 2018 was no exception. With the exception of some medication adherence-focused technologies — such as an edible QR code intended to assist with medication dosing — news tended to center around digitally-enabled clinical trials, rollouts or pilots of pharma-focused digital tools, and major deals or...
Digital health-focused news from payers during the first quarter of 2018 generally focused on employee wellness and app-focused member engagement strategies, with a handful of similar partnerships or deals announced around the edges. These came from a number of major players, including UnitedHealthcare, Aetna, Blue Cross Blue Shield, Fitbit, and a variety of other payers and digital health...
Rock Health and StartUp Health, two groups that track investment in digital health, have come out with their respective quarterly reports on funding in the space, and both agree on a couple of interesting insights: that Q1 2018 is the largest Q1 yet, that larger late-stage deals contributed disproportionately to that total, and that investment is increasingly coming from non-traditional investors...
In the first three months of 2018, MobiHealthNews tracked 30 digital funding rounds comprising approximately $1.2 billion in collective funding, as well as two rounds with undisclosed totals. While these numbers may fall short of 2017’s staggering first quarter (which consisted of 46 deals totaling $1.47 billion, including $800 million for Verily alone), the beginning of the year has still seen...
