Bluespine, an AI-driven claims cost reduction platform for self-insured employers, announced it raised $7.2 million in seed funding.
The round was led by Team8 with participation from strategic partners.
WHAT IT DOES
Bluespine is an AI-driven claims cost reduction platform that aims to help self-insured employers reduce annual healthcare spending while mitigating financial and legal risks around...
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...
Babylon's stock price fell sharply after it announced plans to take the multinational digital health firm private, less than two years after the company debuted on the New York Stock Exchange.
Babylon also entered into an agreement with AlbaCore Capital LLP for a secured term loan facility for up to $34.5 million to support the company's plans to delist.
In the first quarter, Babylon reported...
An activist investor is urging Peloton's board of directors to fire its CEO and put the connected fitness company up for sale.
Blackwells Capital, which has a stake of less than 5% in Peloton, offered in an open letter a list of CEO John Foley's "repeated failures," including wavering in pricing strategy, changing the product road map and not initially working with the Consumer Product Safety...
Teletherapy company Talkspace is facing a class action lawsuit alleging it misled investors about the company's financials in the run-up to its merger with a special purpose acquisition company.
The suit, filed Jan. 7, alleges investors weren't informed that Talkspace was seeing significantly increased advertising costs in its direct-to-consumer business, and it was seeing lower conversion rates...
Digital health funding hit new heights in 2021. According to Rock Health’s Q3 report, funding had already hit $21.3 billion across 541 deals this year. Average funding amounts for Series A, B and C+ rounds have grown more than two times since 2017.
With that huge growth in mind, MobiHealthNews asked executives and other leaders in the digital health space about funding in 2021. How will it...
TailorMed, a platform that allows healthcare providers to manage their finances, check health plans and estimate out-of-pocket costs for uninsured patients, has acquired fellow financial management company Vivor.
TailorMed’s tool also automates the process of identifying patients who may need financial assistance and connects them with resources like government subsidies and programs, co-pay...
Soda Health, a new digital health company aiming to reduce health inequalities by creating a technology framework that allows health plans to reimburse for goods and services not supported by traditional medical claims, launched today with $6 million in seed funding.
The company’s lead investors are Lightspeed Venture Partners and Define Ventures, with additional support from Qiming Venture...
