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Digital-health startups saw a big downturn in 2022, as funding decreased by 57% compared to 2021. Telehealth funding in particular tumbled by $10 billion. Sign up for our newsletter to get the latest healthcare news and analysis — delivered weekly to your inbox. Funding for digital-health startups slumped to $25.9 billion in 2022, a 57% decrease from 2021's record, an end-of-year report from CB Insights found. Digital-health funding surged amid the coronavirus pandemic, fueled by easy access to funds and investor optimism for how technology could reshape healthcare.
said Harris, who didn't use DeSantis' name but was quoting directly from his January 3 inauguration speech. The vice president, who has been at the forefront voice for the administration's on abortion rights, announced that President Joe Biden would be signing a memorandum to make abortion pills easier to access. Sunday would have marked the 50th anniversary of Roe v. Wade, the Supreme Court ruling that guaranteed a national right to abortion. Wilfredo Lee/AP PhotoFlorida has other ways of expanding abortion rightsAbortion rights proved to be a liability for Republicans in the November midterms. Reproductive rights groups are working to put the issue of abortion before Florida voters through a 2024 ballot measure.
said Harris, who didn't use DeSantis' name but was quoting directly from his 2022 State of the State address. The vice president, who has been at the forefront voice for the administration's on abortion rights, announced that President Joe Biden would be signing a memorandum to make abortion pills easier to access. Sunday would have marked the 50th anniversary of Roe v. Wade, the Supreme Court ruling that guaranteed a national right to abortion. Wilfredo Lee/AP PhotoFlorida has other ways of expanding abortion rightsAbortion rights proved to be a liability for Republicans in the November midterms. Reproductive rights groups are working to put the issue of abortion before Florida voters through a 2024 ballot measure.
Favor, a women-focused telehealth company that rebranded last year from the Pill Club, is reverting back to its old name after an unfavorable initial ruling in a trademark lawsuit. The telehealth company last March changed its name to Favor from the Pill Club in a bid to communicate the breadth of its services beyond contraception, Chief Executive Liz Meyerdirk said. The judge ordered the telehealth company to cease using the Favor mark until a final judgment could be reached. NeighborFavor described 11 instances in which Hey Favor’s customers had contacted the delivery company in error. Hey Favor, which rebranded from the Pill Club months before the Supreme Court overturned Roe.
Alphabet, Amazon and Best Buy are among the fund's plays on the aging in place theme. Best Buy breaks into the space It's Best Buy that has really been doubling down on its efforts to break into the space. Best Buy sees the role of technology within health care becoming much more important. Medicare Advantage's health care at home coverage includes primary care, transitional care when someone is released from a hospital and often hospice care, she said. That should lead to higher earnings power, said Baker, who has a buy rating and $237 price target on Lowe's stock.
GLP-1s also have been found to help with weight loss as they make individuals who use them feel fuller for a longer period of time. Using GLP-1s drug injections for weight loss has become one of the latest ways some big names in the market are shedding extra pounds. That's why his company has launched a program to offer GLP-1 drugs and corresponding medical care to individuals struggling with obesity or weight loss issues. Pairing personalized coaching with GLP-1s is the key to effective weight loss treatment, Reitano said, and helping patients maximize their results. A new real-time approach to weight managementReitano said it should not be an either/or scenario involving diabetes management of weight loss and that will change over the next decade.
Rep. Cathy McMorris Rodgers has said she has gotten in touch with the Food and Drug Administration and the Federal Trade Commission to address deceptive telehealth ads. Congressional leaders involved in healthcare policy-making are calling for more oversight of telehealth advertising after The Wall Street Journal published an analysis showing companies flouting advertising rules. Federal regulators must work to address regulatory gaps that were made apparent because of the Journal’s reporting, according to several members of Congress. While the Food and Drug Administration closely monitors advertising by pharmaceutical companies, and the Federal Trade Commission scrutinizes advertising generally, an apparent lack of oversight of telehealth startups makes it possible for consumers to get bombarded on social media by ads promoting prescription drugs with no risk disclosures and for uses that aren’t FDA approved, the Journal reporting has found.
Dollar General unveiled plans in 2021 to become a health destination for people in rural areas. Dollar General said it will evaluate whether to bring the clinics to additional stores. Dollar General just started delivering urgent and preventative care to customers in mobile clinics at three of its stores outside of Nashville. Dollar General is among several large retailers hoping to carve out a bigger piece of the $4.3 trillion healthcare industry. Dollar General's healthcare push so far has been limitedDollar General first said it wanted to expand access to healthcare services in rural communities in July 2021.
Teladoc Health cuts 300 jobs to shave costs
  + stars: | 2023-01-18 | by ( ) www.reuters.com   time to read: +1 min
Companies Teladoc Health Inc FollowJan 18 (Reuters) - Teladoc Health Inc (TDOC.N) said on Wednesday it has removed "redundant roles" and cut 300 jobs, or 6% from its non-clinician global workforce, as the company plans to prioritize its commercial businesses in a challenging demand environment. These job cuts have resulted from a combined implementation of the telehealth company's restructuring plans and previously announced cost-saving measures, some of which were implemented in the fourth quarter of 2022. The restructuring process has also resulted in a reduction of office spaces in certain markets, and Teladoc will further review its real estate footprint under the cost-management drive. Teladoc said it will record $4.4 million of the total $21.4 million of charges related to these measures taken in the fourth quarter, but does not expect them to have a material impact on its annual results. Reporting by Khushi Mandowara and Bhanvi Satija in Bengaluru; Editing by Nivedita Bhattacharjee and Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.
The Amazon Spheres, part of the Amazon headquarters campus, right, in the South Lake Union neighborhood of Seattle, Washington, U.S., on Sunday, Oct. 24, 2021. Amazon on Wednesday will begin a fresh round of job cuts in what's expected to become the largest workforce cuts in its 28-year history. It comes after Amazon said in November it was looking to cut staff, including in its devices and recruiting organizations. Amazon isn't the only tech company making cuts to its workforce. WATCH: Tech layoffs mount as Amazon announces it's cutting another 18,000 jobs
Amazon said Wednesday it plans to shut down its charity donation program, in the latest example of the company's broader cost-cutting efforts. Through the program, called AmazonSmile, the e-retailer donates a percentage of eligible purchases on the site to the shoppers' chosen charity organization. Amazon said it has donated roughly $500 million to charities since the program launched in 2013. Amazon now plans to wind down AmazonSmile by Feb. 20, the company said in a notice to customers posted to its website. "After almost a decade, the program has not grown to create the impact that we had originally hoped," the company said.
To help the process, here are five stocks chosen by Wall Street's top pros, according to TipRanks, a platform that ranks analysts based on their track records. Hims & HersAnother stock that Feinseth has recently reiterated as a buy is the multi-specialty telehealth company, Hims & Hers (HIMS). Feinseth is confident in HIMS's strong brand equity and customer loyalty, which he expects will continue to drive business performance. BTIG analyst Ryan Zimmerman notes that the company stands to benefit from this space as larger players have mostly overlooked the opportunity. (See OrthoPediatrics Financial Statements on TipRanks) Last week, Zimmerman reiterated his buy rating and $62 price target on KIDS stock.
The costs of healthcare, housing, childcare, and college have soared in recent decades. Some say an "abundance agenda" is necessary to boost supply and bring down costs. In short, the abundance agenda works by increasing the supply of the things people need, and ultimately making essential goods and services less expensive for American families. But childcare, healthcare, college tuition, and housing costs, for instance, have risen 115%, 130%, 178%, and 80%, respectively, well above inflation. He thinks the abundance agenda — or something like it — will be something many politicians campaign on someday, which he says would be a win for all Americans.
Even as New York nurses return to work, more strikes could follow
  + stars: | 2023-01-13 | by ( ) www.cnbc.com   time to read: +7 min
NYSNA nurses walk off the job, to go on strike at Mount Sinai Hospital in New York City, U.S. Jan. 9, 2023. Last year, six unions representing a total of 32,000 nurses launched strikes outside of hospital systems around the country, according to the Bureau of Labor and Statistics. Those strikes represented about a quarter of all the major strikes in the U.S. last year, an increase from the year before. The number of nurses working in the profession is starting to rebound to pre-pandemic levels, said Dave Auerbach, the director of research at the Massachusetts Health Policy Commission. April Hamilton, a 55-year-old food writer, cooking teacher and mother from Baton Rouge, La., will walk into her first class when that new nursing program starts Tuesday.
Eduardo Munoz | ReutersThe Biden administration has extended the Covid-19 public health emergency until April as a highly transmissible omicron subvariant stokes concern that the U.S. may face another wave of hospitalizations from the disease this winter. The U.S. has renewed the Covid public health emergency every 90 days since the Trump administration first issued the declaration in January 2020.watch nowThe emergency declaration has had a vast impact on the U.S. health-care system over the past three years. It has protected public health insurance coverage for millions, provided hospitals with greater flexibility to respond to patient surges and expanded telehealth. Once U.S. officials decide to end the public health emergency, hospitals will lose flexibility in how they deploy staff, add beds and care for patients when there's a surge in admissions. Congress banned states from kicking people off the program for the duration of the public health emergency.
The company's devices and services organization, which oversees the development of products such as Alexa, Echo smart speakers and Kindle e-readers, was among the groups affected. Still, Amazon remains "fully committed" to the Alexa unit despite the company taking steps to be more disciplined with costs in "a very uncertain economy," Limp said. At one point, Amazon had 5,000 people working on Alexa and Echo. Amazon has sold devices such as the Echo at or near cost because its goal isn't to make money from them. The prices of some commodities used in Amazon devices, such as memory and displays, has increased, and those could get passed along to consumers, he said.
WASHINGTON — The Food and Drug Administration on Tuesday finalized a rule change that broadens availability of abortion pills to many more pharmacies, including large chains and mail-order companies. Still, the rule change’s impact has been blunted by numerous state laws limiting abortion broadly and the pills specifically. Legal experts foresee years of court battles over access to the pills, as abortion-rights proponents bring test cases to challenge state restrictions. Two drugmakers that make brand-name and generic versions of abortion pills requested the latest FDA label update. The FDA in 2000 approved mifepristone to terminate pregnancies of up to 10 weeks, when used with a second drug, misoprostol.
The Drug Enforcement Administration told makers of medication for attention-deficit hyperactivity disorder that it was concerned that “aggressive marketing practices” by companies including telehealth providers could be driving excessive prescriptions, according to a letter from the agency. While the letter doesn’t cite specific companies, it reflects the DEA’s concerns about marketing efforts for ADHD treatment by telehealth companies such as Cerebral Inc. and Done Global Inc., whose prescribing practices the agency has been investigating. The DEA said in December that it wouldn’t allow any increase in 2023 production of pharmaceutical ingredients that go into Adderall and other stimulants used to treat ADHD. The letter, reviewed by The Wall Street Journal, was sent to drugmakers over the summer but hasn’t previously been reported.
You can buy your pet insurance through a company you know, like Nationwide pet insurance, or seek a specialty pet insurance provider like the ASPCA. Read our review Read Our Review A looong arrow, pointing rightCompare the best pet insurance in CaliforniaBest overall: PumpkinPumpkin pet insurance gets about as close to a one-size-fits-all solution as you can with insurance. Best cheap pet insurance: LemonadeThe Lemonade pet insurance system is built for digital automation. Best for senior pets: SpotSpot pet insurance offers both wellness plans and accident and illness pet insurance plans. Run pet insurance quotes for comparison: Insider looks at average pricing for pet insurance products being reviewed.
Southwest Airlines canceled thousands of flights this week amid extreme winter weather. Many ground workers were forced to work 16-18 hours shifts during the chaos, their union said. Some developed frostbite after working outside in the frigid temperatures, per the union's president. Southwest canceled thousands of flights in the wake of a deadly winter storm that hit the US during peak holiday travel. Do you work for Southwest Airlines?
She said that next year, a tech giant will buy an electronic medical records company. Missy Krasner, who oversaw several health efforts at Google and Amazon, predicts that a large technology firm will buy a mountain of patient medical records in 2023. EHR companies provide software that doctors use to store and analyze medical records and other kinds of patient data. The timing is right for big tech to make a play for patient dataThe timing may be right for a big tech company to buy its way into owning patient data. Tech companies have made seismic investments in this area.
In an advertisement on Facebook and Instagram, a middle-aged man holding a dumbbell says testosterone “literally changed my life,” restoring his energy and happiness. What the October ad from telehealth startup Hone Health doesn’t say is that the unidentified man is an actor who has never used the prescription drug. It doesn’t mention that testosterone is approved by the Food and Drug Administration only for men with specific disorders and that among its risks are heart attacks and stroke.
VCs poured $13.5 billion into healthtech startups in 2022 — down nearly 50% from 2021. But a global slump and the tech downturn changed all of that, and funding into health startups fell by nearly 50% to $13.5 billion this year. AI-driven drug development and mental health startups also boomed during COVID-19 but have seen a funding dropoff in 2022. Tech that served underrepresented groups was spotlightedFrom menopause to mental health, health conditions that were billed as 'taboo' pre-pandemic have come to the forefront this year. Startups offering personalized treatments for niche issues or demographics, such as menopause app Vira Health, mental health platform MyMynd, and men's health platform Numan, all raised capital this year.
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.
But according to Hill, the therapist that online provider BetterHelp matched him with did exactly that. "He said either you sacrifice your family or you sacrifice being gay," Hill told The Wall Street Journal. A former clinical director at the company told The Journal that therapists were "treated like Uber drivers." The company told the Journal it goes thorough background checks and also relies on state licensing boards, which certify therapists. A spokesperson for BetterHelp told Insider by email: "We firmly stand behind the high-quality service provided at BetterHelp, both in successful therapist matching and ongoing care."
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