Payer-backed health tech unicorn cuts dozens of jobs

DispatchHealth, a tech-based home healthcare company valued at more than a billion dollars, has cut dozens of jobs, the Denver Business Journal reported.

The unicorn let go of 88 employees in its corporate workforce, former staffers told the news outlet for the Jan. 24 story. DispatchHealth, which has partnered with health systems on hospital-at-home programs, confirmed the reorganization, while not specifying the number of staffers affected.

"We are focused on supporting our patients and our mission to deliver trusted, compassionate care in the comfort of home," a company spokesperson emailed Becker's. "We recently said goodbye to some valued team members and are committed to supporting them through this transition with respect and care. These difficult decisions were made with careful consideration and to maintain the company's leading position caring for high-need patients at home."

DispatchHealth, which provides at-home care to keep patients out of the emergency room and urgent care, was valued at $1.7 billion in March 2021. The company raised $330 million in its latest funding round, led by Optum Ventures and also including Blue Shield of California and Humana, in November 2022. DispatchHealth has about 2,100 employees, the same as it had last year at this time.

The company previously laid off staffers in recent months across its tech, engineering, clinical and product departments, the former employees told the Business Journal.

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