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Some women have turned to Facebook groups to connect with free sperm donors and skirt sperm banks. But after 10 vials of donor sperm, she was out $10,000 and still didn't have a child. Gordy is a serial sperm donor — he says his donations have produced 70 children to date. Kristina GrahamShe's since worked with two free sperm donors at different times, both of whom she met on Facebook. Women may have to weed through some creeps when looking for a sperm donor on Facebook.
Persons: , Angela, Kyle Gordy, Gordy, Kyle, Crystal Cox, Sean Tipton, Kristina Graham, Kristina Graham She's, She's, she's ovulating, Graham, she'd, Tyree Kelly, he's atoning, Tyree Kelly Tyree Kelly, Kelly, Angela said, who've, Wong Maye, Rebecca Torrence Organizations: Facebook, Service, American Society for Reproductive Medicine, Food and Drug Administration Locations: ejaculate, Arizona, Maine, Tipton, rtorrence@insider.com
Healthcare staffing firm Nomad Health just cut its workforce for the second time this year, as high inflation continues to squeeze hospital budgets. Nomad Health, which connects nurses and other health professionals to open jobs, confirmed in an email to Insider that it announced a round of layoffs affecting its nonclinical workforce on October 3. Alexi Nazem Alexi NazemNomad Health cited similar factors when it slashed 17% of its workforce, or 119 employees, in February. Nomad Health also banked extra cash last year, raising $105 million in June 2022 at an undisclosed valuation. Do you work at Nomad Health?
Persons: Maquel Shaw, Alexi Nazem Alexi, Alexi Nazem, Forbes, he'd, Rebecca Torrence Organizations: Nomad, Nomad Health Locations: rtorrence@insider.com
Weight-loss startup Calibrate has struggled to get patients access to buzzy drugs like Ozempic. Kenyon's startup Calibrate, which she launched in June 2020, is one of the healthcare companies feeding the frenzy. CalibrateThe company is now running up against several massive challenges: Weight-loss drugs are expensive and in short supply, and health insurers are increasingly reluctant to pay for them. Kenyon said about 20% of Calibrate members do not have coverage for weight-loss medications, and around half of those people request refunds from Calibrate. Want to tell us about your experience with Calibrate or weight-loss drugs?
Persons: lightbulb, Isabelle Kenyon, Kenyon, Jenny Craig, OptumRx, She's, she's, Saxenda, , weren't, It's, they've, Holly, hadn't, hasn't, Claire Rosenzweig, Rosenzweig, it's, Andrew Kelly, Shelby Livingston, Rebecca Torrence Organizations: New, Tiger Global, Founders Fund, Optum Ventures, FedEx, Food and Drug Administration, Jefferies, Better Business Bureau, BBB, Better Business, Metropolitan New, Better, Apple, Businessolver, Optum, UnitedHealth, Employees, REUTERS, Madryn Asset Management, SM Ventures, Ventures Locations: America, New York, Danish, GLP, Florida, Metropolitan New York, slivingston@insider.com, rtorrence@insider.com
Fertility companies are thriving as the rest of the healthcare industry stumbles. Many healthcare companies have seen their growth stunted by the market downturn, but fertility startups are defying the odds. Alessia Pierdomenico/Reuters Big returnsProgyny's success this year is boosting investor sentiment for private fertility companies, F-Prime Capital partner Carl Byers said. And some fertility companies are trying to stand out further by saying they can lower costs for employers. Experts predicted the fertility industry will see further consolidation this year, including more clinic acquisitions by private equity and by some fertility startups.
Persons: Kindbody, Scott Schoenhaus, Sarah James, Cantor Fitzgerald, PitchBook, Progyny, James, Alessia Pierdomenico, Carl Byers, Byers, Asima Ahmad, Carrot, Cantor Fitzgerald's James, Gina Bartasi, Peter Anevski, he's, Anevski, Rebecca Torrence Organizations: Morning, The Business Research Company, Investors, Reuters, Prime, Clinics, Maven, for Disease Control, Fertility
With digital therapeutics' trailblazers in jeopardy, experts think more failures are on the horizon. Covering digital therapeutics hasn't been easyInsurers, the ultimate gatekeepers in healthcare, have been slow to warm to the idea of reimbursing prescription digital therapeutics. Plus, most digital therapeutics don't integrate with electronic-health-records systems, making it difficult for clinicians to track their patients' progress. Senators reintroduced a bill in March that would guarantee Medicare reimbursement for prescription digital therapeutics. Want to tell us about your experience with digital therapeutics?
Persons: Pear, It's, Akili, Jeffrey Abraham, Rick Bartels, Bartels, Corey McCann, Matt Stoudt, Stoudt, Matthew Stoudt, keener, we'll, that's, Abraham, Rebecca Torrence Organizations: Morning, Pear Therapeutics, Food and Drug Administration, FDA, Digital Therapeutics, Pear, Centers, Medicare, Services, Senators, CMS
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.
Digital health startups are laying off employees in droves to cut spending in a tough market. These are the 13 healthcare startups to slash staff so far in 2023. Digital health layoffs have been on the rise since last year. Thirteen digital health startups have already cut staff less than two months into 2023. Here are the digital health startups that have cut staff so far in 2023, as of February 28:Have a tip about digital health layoffs that you want to share?
Digital health startups are laying off employees in droves to cut spending in a tough market. These are the 12 healthcare startups to slash staff so far in 2023. Digital health layoffs have been on the rise since last year. Twelve digital health startups have already cut staff less than two months into 2023. Here are the digital health startups that have cut staff so far in 2023, as of February 15:Have a tip about digital health layoffs that you want to share?
Digital-health startups are slicing their workforces after two years of record industry growth. Many startups that announced layoffs this year raised mega-rounds of $100 million or more in 2021. Last year, the digital-health industry was flying high. Digital-health startups in the US banked a record $29.1 billion in 2021, almost double 2020's record of $14.9 billion. Here are the digital-health startups that have announced layoffs this year, as of October 25:Have a tip about digital health layoffs that you want to share?
Digital-health startups are slicing their workforces after two years of record industry growth. Many startups that announced layoffs this year raised mega-rounds of $100 million or more in 2021. Last year, the digital-health industry was flying high. Digital-health startups in the US banked a record $29.1 billion in 2021, almost double 2020's record of $14.9 billion. Here are the digital-health startups that have announced layoffs this year, as of September 28:Have a tip about digital health layoffs that you want to share?
Total: 10