Innovaccer, a healthcare cloud company that works with hospitals and health systems, has laid off 245 employees, or about 15 percent of its staff, Inc42 reported Jan. 24.
Cofounder and CEO Abhinav Shashank cited the "uncertain macroeconomic environment" in a letter to employees viewed by the tech news site.
In September, Innovaccer let go of 90 employees, about 9 percent of its workforce at the time. The company had been valued at $1.3 billion in February 2021.
"Innovaccer has always believed in empowering its customers to accelerate their transformations, leading to higher quality care for patients and populations, improved patient experiences, and better financial and operational performance," Mr. Shashank said in a statement to Inc42. "This will be our central focus as the industry shifts from a predominantly fee-for-service model to value-based, consumer-centric care. Hence, we are taking the much-needed step of doubling down on our core capabilities and streamlining our organizational focus."