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☆ The pharmacy that quietly powered top startups in the hottest part of healthcare is trying to reinvent itself after losing customers and closing facilities
▼ + stars: | 2023-05-15 | by ( Rebecca Torrence | Blake Dodge | ) www.businessinsider.com time to read: +10 min

"We were shocked," a former employee in Truepill's business development division said of the layoffs. Insider spoke with five former and two current Truepill employees about the challenges the company is confronting after a tumultuous year. Truepill was hiring employees rapidly, accumulating about 1,800 employees by the spring of 2022, according to one former employee in Truepill's business division. Since then, there's been a companywide push to inch closer to profitability, one of the current employees told Insider. It's also downsizing its Miami pharmacy, the current employee said.

☆ Pharmacy startups are losing their battle with giants like CVS and Walgreens
▼ + stars: | 2023-03-28 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +12 min

Pharmacy startups like Capsule and Truepill are crumbling in the fight against pharmacy giants. But in the past year, the pharmacy startups have begun to crumble. Plus, each chain has thousands of stores across the country, providing the convenience that the pharmacy startups seek to replicate with tech. The digital-pharmacy shakeoutAnalysts suggested that healthcare startups with pharmacy components, rather than pure-play pharmacy startups, are best positioned to succeed. Truepill CEO Sid Viswanathan TruepillBut the pharmacy startups that have attempted to offer additional services have largely shelved those efforts in recent months.

☆ Noom quietly started writing prescriptions for trendy new weight-loss drugs
▼ + stars: | 2023-03-07 | by ( ) www.businessinsider.com time to read: +4 min

The popular weight-loss app Noom quietly launched a new program that offers some users access to prescription anti-obesity medications. Called Noom Clinical, the program is meant to "build additional support" for app users, a company spokesperson said in a statement to Insider. Startups like Noom want to capitalize on a surge in demand for new weight-loss drugsSaeju Jeong, Co-founder & CEO, Noom Piaras Ó Mídheach/Sportsfile for Web Summit via Getty Images)Noom's foray into prescribing medication comes as demand for weight-loss drugs surges. NoomNoom, which introduced its weight loss app in 2017, is backed by venture firm Oak HC/FT and private-equity giant Silver Lake. According to the spokesperson, Noom began rolling out the new prescription-drug program to a small number of users in the fall.

☆ How Cerebral went from a hyped $4.8 billion mental-health startup to fighting for its survival
▼ + stars: | 2022-12-22 | by ( Blake Dodge | ) www.businessinsider.com time to read: +10 min

It called itself the fastest-growing mental-health company. Some Cerebral clinicians told Insider they were uncomfortable treating the patients assigned to them and felt their licenses were at risk. In the past few years, highly funded startups have tried to disrupt mental-health care and struggled. Cerebral's next steps will dictate its future, and its story could influence what's ahead for online mental-health care. A former Cerebral provider told Insider the ban was frustrating because many patients who were improving on the drugs lost access to care at Cerebral.

☆ 2 top investors identify fintech trends flying under the radar
▼ + stars: | 2022-11-07 | by ( Asia Martin | ) www.businessinsider.com time to read: +4 min

Payments and lending are receiving a lot of hype from venture capitalists, but two investors say that needs to change. That's lagging well behind 2021, which saw more than $46 billion raised by US fintechs at this point last year. Kemp and Russ told Insider the top areas they feel have flown under the radar within fintech. B2B PaymentsThe direct-to-consumer space has become digitized and somewhat commoditized, Kemp told Insider. Financial education, equity and accessVenture capital is overlooking a lot of companies doing interesting things around financial education, financial equity, and giving underserved populations access to much-needed financial tools, Russ told Insider.

☆ Oak HC/FT-backed Mexican buy now, pay later startup Aplazo expands customer data services with deal to buy Sensai Metrics
▼ + stars: | 2022-10-11 | by ( Emilia David | ) www.businessinsider.com time to read: +3 min

Mexican buy now, pay later startup Aplazo bought data platform Sensai Metrics for an undisclosed amount to improve its merchant network and help brands manage marketing to customers. Aplazo has integrated the Sensai data platform into its system, so merchants using Aplazo can directly access Sensai's machine learning-powered data services like sales figures, marketing performance, and customer demographics. Sensai cofounders Salo Dabbah and Daniela Gorra will join Aplazo as the company's head of growth and product manager, respectively. "Our intention is to help merchants connect to consumers better and have insights that they've never had before," Peña said. "The goal is to help merchants become better providers, which is one of the steps in improving financial literacy in the country," he said.

☆ See the 13-slide presentation that convinced Oak HC/FT and NEA to bet on a hot primary-care startup
▼ + stars: | 2022-09-08 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +2 min

Oak HC/FT, NEA, and other investors backed Everside Health in its $164 million July funding round. Everside Health is one of the few startups that these trends don't apply to. Chris Miller, the CEO of Everside, and Dr. Stephen Wills at an Everside Health center in Denver, Colorado. Everside Health shared the presentation it used to bank $164 million in July with Insider. Here's the 13-slide presentation Everside Health used to raise a $164 million funding round led by NEA.

☆ See the presentations that hot healthcare startups used to raise millions from top VCs
▼ + stars: | 2022-09-08 | by ( Lydia Ramsey Pflanzer | ) www.businessinsider.com time to read: +8 min

Here are the presentations obtained by Insider that healthcare startups have used to raise millions. Even so, healthcare startups raised $15.8 billion in the first half of the year, according to Silicon Valley Bank. Insider rounded up all the presentations we've published that healthcare startups have used to raise cash from investors. For instance, check out the 13-slide presentation heart-health startup Miga Health used to raise $12 million in seed funding. Brightside used this presentation to break through a crowded field of mental health startups and convince VCs to invest $24 million.

☆ What the corporate rule book skips: The unspoken guidelines every Gen Z worker should know to help their career
▼ + stars: | 2022-08-16 | by ( Ebony Flake | ) www.businessinsider.com time to read: +9 min

Most big companies provide comprehensive orientation programs, employee handbooks, and on-the-job lessons to get new hires up to speed. To help recently hired graduates better understand the corporate world, Insider spoke with five human-resources professionals and advisors about their advice for young workers. But Traci Wilk, the chief people officer at The Learning Experience, a national preschool franchise, says new hires especially should demonstrate their curiosity. When determining how to show up for work, new hires should weigh what the culture actually is versus what it professes to be. To that end, Walden advises new hires to sweep their social-media accounts for any posts that could be deemed inappropriate.

Persons: Traci Wilk, David Altman, McKensie Mack, Mack, Sasha Diskin, Sasha Diskin Sasha Diskin, Rob Cross, Leah Scanlan, Scanlan, Wilk, Jeanniey Walden, Walden Organizations: Starbucks, Center for Creative Leadership, Horizon Therapeutics, Babson College, Oak HC

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