Digital health companies hiring as hospitals continue to furlough

Digital health companies and startups have been on a hiring spree during the pandemic as other sectors, including hospitals, have cut jobs or furloughed employees.

More than 260 hospitals have furloughed thousands of staff members in the last three months, largely due to revenue lost from canceling or postponing elective procedures during the pandemic. Some hospitals and health systems also have cut pay for senior leaders and others.

At the same time, digital health companies have been raising money and thriving due to the transition to virtual health and need for increased data analytics, remote work and online collaboration tools. For example:

Well Health completed $14.4 million bought deal public offering on May 22
Amwell closed a $194 million Series C financing round May 20
Holmusk closed a $21.5 million Series A funding round May 18

Many digital health companies and startups are also hiring. Rock Health's job boards have 237 openings listed for digital health and telehealth portfolio companies. The positions include tech, sales, marketing, data science, business intelligence, analytics and more. Some are also hiring clinicians and place a premium on individuals with medical backgrounds.

Livongo, which developed a platform for chronic care management, has several positions open, including one for a data operations analyst and nine data science roles. It has 17 other technology openings and several positions in product design and finance. On May 6, the company increased its 2020 revenue expectations by about $10 million, to reach $290 million to $303 million, a year-over-year growth of 70 percent to 78 percent.

Omanda Health, a digital health company that focuses on reducing risk for people with chronic conditions, has 10 openings, and Evidation Health is hiring for 14 roles, mainly in engineering and data science. Telehealth platform DrChrono has 24 positions open at the executive level as well as internships. Integrated healthcare platform b.well also has 17 job openings.

More articles on digital transformation: 
Fitbit to develop emergency ventilators
'We either have to succeed fast or fail fast': How Houston Methodist's innovation hub is making its mark
Digital upscaling for long-term virtual care, innovation models: 4 details from Mass General Brigham's digital chief

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Featured Webinars

Featured Whitepapers