New York-based virtual care company Teladoc Health reported its 2024 full-year revenue and Q4 2024 financial results, noting a 1% decrease year-over-year in 2024 revenue at $2.569 billion, compared to $2.6 billion in 2023.
The company reported a 3% decrease in Q4 2024 revenue at $640 million from Q4 2023 revenue of $660.5 million.
Teladoc's net loss was $1 billion in 2024, compared to $220...
In November 2021, California-based virtual reality-therapeutic company AppliedVR became the first medical extended reality (XR) company to be granted FDA De Novo clearance for a virtual reality healthcare product.
AppliedVR's RelieVRx (formerly EaseVRx) is a fully immersive VR experience designed to help individuals manage chronic low back pain and provide a non-pharmacologic option for pain...
Julia Strandberg, executive vice president and chief business leader of connected care at Royal Philips, told MobiHealthNews that key healthcare trends in 2024 included advancements in home-based care and digital health reimbursement.
While these innovations aim to improve patient outcomes, she said, challenges remain in scaling care delivery and aligning incentives. However, progress in...
Executives highlighted AI's transformative potential in healthcare when asked by MobiHealthNews how they see AI's place in the sector changing in 2025.
Some expect multimodal AI and advanced diagnostic imaging to make significant strides next year, while others showcased AI's promise in improving diagnostics, addressing provider burnout, automating tasks, streamlining drug development and...
Executives across the digital health sector shared their insights with MobiHealthNews on whether mergers and acquisitions will continue to play a major role in the industry in 2025. Many pointed to factors such as shifts in the political climate, company valuations and large organizations seeking to expand their portfolios as potential drivers of increased M&A activity.
Sean Mehra, cofounder...
Pregnancy and postpartum care startup Ruth Health is closing its business after reflecting "on challenges ahead in a fragmented maternity care space where [it] failed to find scalable product market fit," the company's CEO said.
Ruth offered virtual pelvic floor physical therapy and lactation support, which could be accessed during pregnancy and after birth, as well as C-section recovery, which...
Amwell, a digital care company that connects providers, payers and patients, announced that Hello Heart, a company focused on cardiac health management, has become a partner in its clinical programs portfolio accessible on the Amwell Converge platform.
The alliance allows Amwell health plan clients to give their employer accounts access to Hello Health cardiovascular's platform. The platform...
Medtronic, which develops, manufactures and sells medical therapy devices, has issued a voluntary recall of its MiniMed 600 series or 700 series insulin pumps due to the pump's potentially shortened battery life.
The company issued a field action, starting on July 31, notifying customers globally that they should monitor their MiniMed pump's built-in alarms and alerts to keep track of battery...
