“The decision was based on the continued economic conditions affecting tech companies like Olive, as well as anticipation of continued financial strain among healthcare providers,” the spokesperson emailed.
The company previously let go of 450 employees in July and started divesting some assets in October as it lost a couple of health system clients.
The most recent job cuts were first reported Feb. 9 by Axios.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.