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☆ The Key Issues for Business in a Likely Trump-Biden Rematch
▼ + stars: | 2024-01-27 | by ( Sarah Kessler | Vivienne Walt | ) www.nytimes.com time to read: +1 min

After beating Nikki Haley in New Hampshire on Tuesday, Donald Trump reaffirmed his position as the leading candidate to win the Republican nomination. That has business leaders facing the possibility of another Trump presidency, and their investors trying to figure out what it could mean for their bottom lines. During Blackstone’s quarterly earnings call on Thursday, an analyst wanted to know if uncertainty over who would win a likely Biden-Trump matchup could freeze deal flow. (“At the end of the day, do you think he’s going to be more interested in attacking the A.C.A. or something else?” he said of a potential Trump presidency.

Persons: Nikki Haley, Donald Trump, Trump, ”, Jonathan Gray, Ralph Andretta, Jeff Arnold, “, Lori Esposito Murray Organizations: Republican, Biden, Trump, Economic Development, Conference Board Locations: New Hampshire

☆ This startup is opening a mental health clinic that offers ketamine therapy. We got an exclusive look at the pitch deck it used to raise $5.4 million.
▼ + stars: | 2024-01-25 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +5 min

Read previewVenture investment in mental health startups exploded in 2021. Being Health, an integrated mental healthcare company, is opening its first location, located in Manhattan's Financial District. Services like ketamine infusions and acupuncture will have to be administered in person, but others, like nutrition counseling, will have a virtual option, Sharma said. "When it comes to this novel approach to addressing mental health, you can't do that with telehealth." See the 17-slide pitch deck mental health startup Being Health used to raise $5.4 million in seed funding.

Persons: —, Allie Sharma's, Sharma, Janssen, Haim Dabah, Dabah Organizations: Service, Business, Financial, HDS, FDA, Janssen Pharmaceuticals, Being Health, Services, HDS Capital Locations: New York, New York City

☆ Forta is betting big that AI can help improve access to autism therapy. Take a look at the presentation the healthcare startup used to raise $55 million from Insight Partners.
▼ + stars: | 2024-01-23 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +3 min

The healthcare startup, Forta, raised a Series A funding round in January led by Insight Partners. Das added that because every child using Forta receives personalized care, the startup's AI is trained to look at health records and recommend treatments. Indeed, a clinician shortage is creating opportunities for digital health startups to build out mental healthcare services. Mental health coaching startup tapouts just raised a $3.2 million seed round, while incumbents Brightline and Hazel Health have each raised tens of millions of dollars to provide pediatric mental healthcare. Take a look at the 14-slide pitch deck Forta used to raise its $55 million Series A funding round.

Persons: —, Warby Parker, Allbirds, Forta, Ritankar Das, Forta's, Das, Hazel Organizations: Service, Business, Insight Partners, Exor Ventures, Ventures, Mental, Hazel Health

☆ Shimmer is using AI to bring ADHD coaching to adults. Here's an exclusive look at the pitch deck the startup used to land $2.2 million in fresh VC funding.
▼ + stars: | 2024-01-11 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +3 min

This story is available exclusively to Business Insider subscribers. The startup, which provides digital ADHD coaching for adults, just raised a $2.2 million seed round led by Worklife Ventures and SeedtoB Capital. The startup offers access to live sessions with coaches and an AI program that helps users set goals and stick to them. offers ADHD diagnoses and various treatment options, including medication. The startup offers plans ranging from $140 to $345 per month, all of which include Shimmer's flagship 1:1 coaching sessions, which are all conducted by licensed professionals.

Persons: —, Y Combinator, Shimmer, Gaingels, Y, Megan Hall, Chris Wang, Shimmer's, Wang, Vikram Sreedhar —, she's, monetize Organizations: Service, Business, Worklife Ventures, SeedtoB, Koa Labs, Aglaé Ventures, Honeystone Ventures, CVS, Shimmer, American, of Psychiatry Locations: Alma

☆ VCs are getting pickier about their weight-loss bets as startups rush to prescribe Ozempic
▼ + stars: | 2023-12-11 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +8 min

Read previewWith the Ozempic craze in full swing, investors are getting picky about the weight-loss startups they want to back. Kaganoff predicted that in the new year some startups prescribing GLP-1s would invest more money in studies using real-world evidence to show their programs work. And despite the Ozempic frenzy, weight-loss startups captured a tiny fraction of the money invested this year. Investors had put about $211 million toward weight-loss startups through mid-November, representing about 3% of digital-health funding over that period, according to PitchBook. Alfie HealthSome unlikely sectors of the healthcare industry stand to benefit from the growth of the weight-loss market.

Persons: —, Sari Kaganoff, Crystal Cox, Kaganoff, Ro, VCs, Michael Greeley, Alyssa Jaffee, 7wireVentures, she's, she'd, Mounjaro, Mercer, Michael Siluk, PitchBook, Alfie Health, it's, Alfie's cofounders, Aaron DeGagne, Jordan, he'd, DeGagne, There's Organizations: Service, Business, Rock Health, Flare Capital Partners, Getty, Employers, Health, Investors, Phenomix Sciences, Mayo Clinic, PitchBook, Tusk Venture Partners, Sword Health Locations: GLP

☆ ‘It all feels like a nightmare.’ This mom and former Israeli tank commander is leading her tech startup from a war zone
▼ + stars: | 2023-11-03 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

Cohen, a former tank commander in the Israeli Army, had no doubt she should immediately return to Tel Aviv. Now she is leading Hello Heart from Tel Aviv, where the company employs about 80 people. Other Hello Heart employees are Palestinians, including some who have family in Gaza. After the terror attack, Hello Heart consulted a trauma expert to help address the mental health stress. “I told our board we’re going to win the war against Hamas,” Cohen said.

Persons: New York CNN — Maayan Cohen, Cohen, ” Cohen, ”, ” ‘, ’ Cohen, I’ve, Maayan Cohen, Micha, you’re, Heart, “, “ We’re Organizations: New, New York CNN, Israeli Army, CNN, CVS, Delta Air Lines, Heart’s Tel, Hamas Locations: New York, Tel Aviv, Las Vegas, Israel, Vegas, American, Silicon Valley, California, Gaza, Heart’s, Heart’s Tel Aviv

☆ GoodRx to offer Sanofi's insulin injection for only $35
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +1 min

A pharmacist holds a box of the drug Lantus SoloStar, made by Sanofi Pharmaceutical, at a pharmacy in Provo, Utah, U.S. January 9, 2020. This collaboration comes after Novo Nordisk (NOVOb.CO) , Eli Lilly (LLY.N) and Sanofi pledged in March to lower the list prices of many of their insulin products by 70%-78% later in the year or in 2024. Americans with insurance typically pay a fraction of the list prices for prescription drugs, but uninsured people sometimes have to pay the full price, forcing some to ration or skip taking their medicine. About 8.4 million of the 37 million people with diabetes in the U.S. use insulin, according to the American Diabetes Association. Reporting by Khushi Mandowara in Bengaluru; Editing by Shweta AgarwalOur Standards: The Thomson Reuters Trust Principles.

Persons: SoloStar, George Frey, GoodRx, Eli Lilly, Khushi, Shweta Agarwal Organizations: Sanofi Pharmaceutical, REUTERS, Sanofi, U.S ., Novo Nordisk, Novo, American Diabetes Association, Thomson Locations: Provo , Utah, U.S, Lilly, Bengaluru

☆ Taiwan’s Foxconn to build ‘AI factories’ with Nvidia
▼ + stars: | 2023-10-18 | by ( Eric Cheung | ) edition.cnn.com time to read: +5 min

Taipei CNN —Taiwan’s Foxconn says it plans to build artificial intelligence (AI) data factories with technology from American chip giant Nvidia, as the electronics maker ramps up efforts to become a major global player in electric car manufacturing. Foxconn Chairman Young Liu and Nvidia CEO Jensen Huang jointly announced the plans on Wednesday in Taipei. The duo said the new facilities using Nvidia’s chips and software will enable Foxconn to better utilize AI in its electric vehicles (EV). Nearly 14 million electric cars will be sold in 2023, it projected. REUTERS/Ann Wang Ann Wang/ReutersDuring last year’s tech day, Liu told reporters that the company hoped to build 5% of the world’s electric cars by 2025.

Persons: Taipei CNN — Taiwan’s Foxconn, Young Liu, Jensen Huang, ” Huang, “, ” Liu, Foxconn, ”, Kylie Huang, Ann Wang Ann Wang, Liu, Chiang Shang, TSMC, Jun Seki, Bill Russo, Automobility, Tesla, ‘ I’m, ’, ” Hanna Ziady Organizations: Taipei CNN, Nvidia, Foxconn, Global, International Energy Agency, Hai Technology Group, Daiwa, Tech, REUTERS, Reuters, Lordstown Motors, General Motors, EV, Nissan Motor, Infineon Technologies Locations: Taipei, Taiwan, Kaohsiung, EVs, Ohio, Chiang, German, Shanghai

☆ See the pitch deck Savoy Life used to raise $3 million for virtual caregiving for seniors and adults with disabilities
▼ + stars: | 2023-10-16 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +2 min

Savoy Life is building a virtual care platform for long-term care facilities. Peter Emigh, Savoy Life's founder and CEO, said he saw the need to improve long-term care facilities while working as a healthcare administrator at CareMore Health. He said improving the lives of everyday residents receiving long-term care starts with giving operators of those communities more – and better – tools. Savoy Life is entering an already booming market focused on the aging population, which could grow to north of $2 trillion by 2028, according to research consultancy Markets N Research. Check out the nine-slide pitch deck that Savoy Life used to raise $3 million and launch out of stealth.

Persons: Peter Emigh, Savoy, — Organizations: Red Cell Partners, American Healthcare Association, National Center for, CareMore, Research, Frontrunners

☆ The healthcare venture firm behind Livongo just raised $217 million to back the next generation of digital-health giants
▼ + stars: | 2023-10-03 | by ( Blake Dodge | ) www.businessinsider.com time to read: +6 min

7wireVentures, a prominent venture-capital firm, just raised $217 million to fund the next generation of healthcare startups, bringing the firm's total assets under management to more than $500 million. The fund, which closed last Friday, is the biggest that 7wire has ever raised and represents a strategy shift for the firm. The startups Folx Health and Parsley Health, new investments for 7wire, have also won contributions from the new fund. Livongo7wire keeps funds and the portfolio size, just north of 20 startups, both relatively small, all managed by only four partners: Tullman, Jaffee, Shapiro, and Garber. The small size of the operation is intentional in keeping with 7wire's "quality over quantity" approach to investing, Garber said.

Persons: 7wire, Glen Tullman, Lee Shapiro, Alyssa Jaffee, Alyssa Jaffee Alyssa Jaffee, Jaffee, Tullman, Shapiro, Robert Garber, Livongo's, Livongo 7wire, Garber, Jaffe Organizations: Folx, Parsley Health Locations: Tullman

☆ Alice Zheng moved from med school to McKinsey to venture capital. Here's how she's using those experiences to advance innovation in women's health.
▼ + stars: | 2023-09-02 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +6 min

Alice Zheng is a VC at RH Capital focusing on early-stage women's health startups. Seven years after graduating from medical school, Zheng is now a principal at RH Capital, the fund of female-led firm Rhia Ventures. The firm, which focuses on early-stage women's health investing, collected $38.5 million for its second fund last year. Zheng later took a two-year hiatus from medical school to pursue an MBA from Harvard Business School. Zheng invests in women's health startups across consumer, life sciences, diagnostics, digital health, and health services.

Persons: Alice Zheng, Zheng, –, she'd, Juniper, Liang Organizations: RH Capital, University of Michigan, Harvard, McKinsey, University of Michigan Medical School, Ross School of Business, Rhia Ventures, GV, Khosla Ventures, Harvard Business School, McKinsey Global, Fortune, Capital Locations: China, U.S, Ann Arbor, McKinsey's, San Francisco

Aug 25 (Reuters) - Barclays Plc (BARC.L) has hired Emma Taylor, a Goldman Sachs Group Inc (GS.N) technology banker, as global head of internet investment banking, according to an internal memo seen by Reuters. Taylor, a 20-year investment banking veteran, will be based in New York and report to Barclays global head of technology investment banking Kristin Roth DeClark, according to the memo, which was confirmed by a Barclays spokesperson. Taylor and Chan will join three other managing directors at Barclays who cover internet investment banking out of the United States and two managing directors who focus on the internet out of Europe. Last week, Barclays announced it had hired Lee Counselman from Moelis & Co (MC.N) as a managing director in its technology investment banking group focused on software transactions. She previously spent five years at Goldman Sachs, where she worked alongside Taylor on the internet team as head of global e-commerce coverage.

Persons: Emma Taylor, Taylor, Kristin Roth DeClark, Carmen Chan, Chan, Lee Counselman, Goldman Sachs, Milana Vinn, Jonathan Oatis Organizations: Barclays Plc, Goldman Sachs Group Inc, Reuters, Barclays, Thomson Locations: New York, United States, Europe, Moelis

☆ Running for the bus or hurrying up the stairs for just 3 minutes a day may lower your risk of cancer, study says
▼ + stars: | 2023-08-17 | by ( Renée Onque | ) www.cnbc.com time to read: +3 min

Moving quickly, even for as little as three minutes a day, may lower your risk of developing more than 10 types of cancer, a new study found. "They called it 'vigorous intermittent lifestyle physical activity,' so they weren't specifically saying exercise. Little things like taking the stairs and parking farther away from your destination may be very helpful in terms of cancer prevention, Crane tells CNBC Make It. Moving quickly for three to four minutes each day was linked to a 17% to 18% lower risk of developing cancer, and a nearly 30% lower risk of developing one of the 13 types of cancers the study focused on. "In fact, people who are able to have these bursts of energy throughout their day, of activity, seem to see protection from it."

Persons: Tracy Crane, Miami's Sylvester, Crane, we've, Warren Buffett Organizations: JAMA, Digital Health, Lifestyle Medicine, Cancer, The University, Miami's, Cancer Center, CNBC

☆ Stocks making the biggest moves midday: SoFi, ON Semiconductor, Disney, Sweetgreen and more
▼ + stars: | 2023-07-31 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

SoFi Technologies – Shares of the fintech company popped more than 18% after it reported second-quarter results and lifted its full-year guidance. ON Semiconductor — The chipmaker's shares jumped 3.2% after it posted an earnings and revenue beat for the second quarter. New Relic — Shares jumped 13.4% after a private equity consortium announced it would take the software company private. Sweetgreen — The salad chain's shares jumped 11% Monday after an upgrade from Piper Sandler. Adobe — The software stock jumped 3.9% after Morgan Stanley upgraded the shares to overweight from equal weight.

Persons: FactSet, Disney, Kevin Mayer, Tom Staggs, Bob Iger, Spero, Sweetgreen, Piper Sandler, XPeng, Cowen, Morgan Stanley, Morgan Stanley's, Goldman Sachs, Wayfair, Salesforce's, — CNBC's Hakyung Kim, Yun Li, Sarah Min, Tanaya Macheel, Samantha Subin Organizations: SoFi Technologies, Disney, Financial Times, Food and Drug Administration, UBS, Hasbro, of, Bank of America, CVS, Adobe, Chevron, New York Community Bancorp, Deutsche Bank, CSX, RBC Locations: Bob Iger .

☆ Stocks making the biggest moves premarket: Hasbro, Adobe, GoodRx, SBA Communications and more
▼ + stars: | 2023-07-31 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Chevron — Shares rose 1.6% after Goldman Sachs upgraded Chevron to buy from neutral and hiked its price target. Hasbro — The toymaker added 2.9efore the bell after Bank of America upgraded the stock to buy from neutral. United Parcel Service — Shares fell 1% after Credit Suisse downgraded UPS to neutral from outperform, citing labor concerns. Cowen also raised its price target to reflect about 78% potential upside. SBA Communications — Shares fell 1.6% in premarket trading.

Persons: Morgan Stanley, Goldman Sachs, Jefferies, Walt Disney, Bob Iger, Kevin Mayer, Tom Staggs, XPeng, GoodRX, Cowen, It's, —, Alex Harring, Hakyung Kim, Tanaya Macheel, Samantha Subin Organizations: Chevron, Ford, Disney, Financial, UBS, Hasbro, Bank of America, United Parcel Service, Credit Suisse, CVS, SBA Communications, Semiconductor, FactSet Locations: U.S

Overall, an FDA spokesperson says that “trial participants should reflect the population that is likely to use the product if FDA-approved. Across a group of 10 novel cancer therapies approved by the FDA in 2022, data shows the share of Black participants in key clinical trials ranged from zero to 8%. “Access to clinical trials at the sites where patients are living is an important factor to changing the landscape,” Perez says. “There’s been some novel ways to recruit patients, like using the church and using barbershops to recruit Black patients,” Cho says. Haddad says a number of Mayo patients were receiving experimental therapies through clinical trials when the pandemic began.

Persons: ”, Leslie Cho, Robert, Suzanne Tomsich, it’s, Edith Perez, Bolt Biotherapeutics, ” Perez, Eli Lilly, “, Lilly “, they’ll, Craig Lipset, ” Lipset, ” Cho, “ There’s, Dr, Tufia Haddad, Haddad, Mayo, Jennifer Dahne, Larry Hawk, Hawk Organizations: Women’s Cardiovascular, Cleveland Clinic, of Cardiovascular Medicine, U.S . Food, Drug Administration, FDA, “, Health, Committee, Cancer, Janssen Pharmaceuticals, Centers for Disease Control, Research Alliance, Mayo Clinic Comprehensive Cancer Center, Care, Mayo’s Center for Digital Health, College of Medicine, Medical University of South, of Psychology, University, Buffalo, SUNY, JAMA Locations: U.S, Chicago, Dallas, Los Angeles, Philadelphia, Los Angeles County, Alaska, “, Medical University of South Carolina

☆ Amazon lays off some employees in its Pharmacy unit
▼ + stars: | 2023-07-14 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

Amazon has let go of some of the employees in its Pharmacy business, the company confirmed to CNBC. A "small number" of staffers in the Amazon Pharmacy division were informed Thursday they were being laid off, Amazon spokesperson Brad Glasser said in a statement. "As a result, we have made the decision to adjust resources and a small number of roles have been eliminated on the Amazon Pharmacy Services team." The company laid off 18,000 employees over several months last fall and earlier this year, then announced an additional 9,000 employees would be let go in March. Some employees in the company's pharmacy, digital health tools and Halo fitness band units were laid off, CNBC previously reported.

Persons: Brad Glasser, Glasser, Andy Jassy Organizations: CNBC, Amazon Pharmacy, Amazon, Amazon Pharmacy Services Locations: PillPack

SEOUL, July 12 (Reuters) - LG Electronics (066570.KS) said on Wednesday it is targeting 100 trillion won ($77 billion) in sales by 2030 and plans some 50 trillion won of investment as the South Korean company announced its future strategy. "LG Electronics will tranform its business portfolio... increase profits by growing in business-to-business, and transition to a service business," CEO William Cho told a press conference. In 2022, LG reported about 65 trillion won in consolidated sales excluding affiliate LG Innotek (011070.KS), which makes device components such as camera modules for smartphones. That would be up from more than 80 trillion won ($61.72 billion) as of end-March, according to an eBest Investment & Securities report on Monday. On Friday, LG Electronics estimated its second-quarter operating profit rose 12.7% from a year earlier to 892.7 billion won, its second-largest April-June quarter profit ever.

Persons: William Cho, 1,292.1700, Hyunsu Yim, hyang Choi, Joyce Lee, Ed Davies, Simon Cameron, Moore Organizations: LG Electronics, South Korean, LG, Investment, Securities, Thomson Locations: SEOUL, KS

☆ Galym Imanbayev went from Stanford School of Medicine to venture capital. Here's why he says his medical training has been so crucial to becoming an investor at Lightspeed.
▼ + stars: | 2023-06-30 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +8 min

During his senior year of high school, Imanbayev discovered another interest, entirely by chance. After mistiming his MCAT, Imanbayev faced one gap year before he could start medical school. As he jumped into the grueling demands of medical school, Imanbayev said that for everything he studied, there were additional things he wanted to add on and learn. Helping Lightspeed push into healthtech investingSince 2020, Imanbayev has been a partner at Lightspeed focusing on the health sector. Imanbayev himself has spearheaded investments for Lightspeed in the healthcare-equity startup Soda Health and the virtual-care startup Wheel.

Persons: Galym Imanbayev, he'd, Mark Zuckerberg, Larry Ellison, Jack Dorsey, Imanbayev, Imanbayev's, Dean Lloyd Minor's Organizations: Stanford, VC, Lightspeed Venture Partners, Co, Oregon Health & Science University, Martis, Stanford School of Medicine, Stanford Graduate School of Business, Lightspeed, Ancora Biotech, Soda Health Locations: Kazakhstan, Soviet Union, Portland , Oregon

☆ Oral-B releases the world's smartest electric toothbrush. Here are all the bells, whistles, and benefits of the iO Series 10.
▼ + stars: | 2023-06-27 | by ( Sponsor Post | Created Insider Studios With Oral-B | ) www.businessinsider.com time to read: +6 min

Order the Oral-B iO Series 10 available on Amazon now. Notably, the research findings indicated electric toothbrushes reduced gum recession by 22% and tooth decay by 18% over the test period. And it seems the benefits of electric toothbrushes are gaining more recognition among Americans. So, while people see the benefits of electric toothbrushes, their brushing habits and techniques might need some assistance. That's why Oral-B, the industry leader in oral care innovation, has created an electric toothbrush that serves as a personal brushing coach.

Persons: Alita Vegas, Gamble, there's, White, Vegas Organizations: Oral Health Foundation, Centers for Disease Control, Procter, Care, Amazon, Insider Studios Locations: America

☆ New in-ear device promises to predict fainting, help understand dizziness and brain fog
▼ + stars: | 2023-06-13 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

Digital health startup STAT Health has designed a device to help people better understand why they're experiencing symptoms like dizziness, fainting and brain fog. STAT Health on Tuesday announced its new in-ear wearable, the STAT, which measures blood flow to the head. Users can track their metrics in an app on their cellphone and glean insights into how their lifestyle choices affect their symptoms. "This population, a lot of doctors actually can't measure that anything is necessarily wrong with them," Lee told CNBC in an interview. Lee said the STAT will help give patients access to real-time insights to help them decide when they can push themselves, and when they should take it easy.

Persons: Daniel Lee, Lee, They're, it's, there's Organizations: Tuesday, American College of Cardiology, STAT, CNBC

☆ A subsection of tech is set to be worth $1 trillion. But taboos are holding it back
▼ + stars: | 2023-06-12 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +5 min

watch nowInvestors are ignoring a huge subsection of tech because it's considered "taboo" – despite the fact that it is set to be worth $1 trillion by 2027. But just 3.3% of digital health investment in the U.S. went towards women's health between 2011 and 2020, according to digital consultancy Rock Health. Research by Women's Health Access Matters suggests that a $300 million investment into improving female health could generate around $13 billion. It is now one of the largest companies in the FemTech space and has a revenue of $100 million. The issue of not understanding women's health – and the importance of female-specific health solutions – has deeper roots.

Persons: it's, Agostini, Karen Taylor, Tania Boler, Boler, Valerie Evans, they're, hasn't, Deloitte's Taylor, Brittany Barreto, we're, Barreto Organizations: Rock Health, Women's, Research, Getty, Centre for Health Solutions, Deloitte, CNBC, European Women, McKinsey & Company Locations: U.S

☆ Check out the 8-slide pitch deck German health tech startup Patient21 used to raise $108 million in a mix of equity and debt
▼ + stars: | 2023-05-23 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +3 min

The startup offers both in-person clinical services and software for healthcare providers. We got an exclusive look at the 8-slide deck it used to raise the fresh funds. A startup that combines brick-and-mortar clinical services with software for healthcare providers just raised $108 million in fresh funds despite a drop off in global healthtech funding. While the average dental clinic in Germany operates four to six different software solutions to manage a whole patient journey, Patient21 aims to stand out by consolidating these services into one. With the fresh funds, Patient21 will hone the development of its software platform, and expand from Germany into newer European markets.

☆ 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.

☆ Digital health faces the same hurdle as fintech: Get profitable or get lost.
▼ + stars: | 2023-05-10 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

Digital health, once the darling of the healthcare industry, is having a tough go of it. After a pandemic-fueled surge when health services and offerings utilizing tech were prioritized, digital health has come back down to earth. The similarities between digital health and fintech are striking. For both fintechs and digital health, this year has served as a reminder that they're only partly tech companies. Click here for predictions from 16 bankers and dealmakers on the future of digital health.

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