Digital health: Who’s up, who’s down

The digital health market is constantly changing, with startups coming onto the scene and more established companies restructuring their strategies.

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Companies that had a good week:

 

  1. Artificial intelligence-powered medical documentation company Abridge partnered with the Kansas City-based University of Kansas Health System.
  2. BetterKnight, a virtual sleep company, raised $33 million in growth funding.
  3. Health and wellness platform Hims & Hers reported a 94 percent jump in revenue for 2022.

 

Companies that had a bad week: 

 

  1. Health tech company Color Health laid off 300 workers as it shifted focus from the COVID-19 pandemic.
  2. Precision medicine startup Vibrent Health laid off 13 percent of its staff. 

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.

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