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☆ Amazon Clinic Delivers on Connected Care
  + stars: | 2023-04-04 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon Clinic Delivers on Connected CareTelehealth and digital wellness spending is estimated to reach more than $32 billion this year. Given the size and breadth of this market, Amazon Clinic enters a crowded field with the promise of saving customers time and money. The virtual health clinic offers prescription renewals and digital care for everything from asthma, high blood pressure, migraines and allergies.
☆ Telemedicine Startups Wary of Regulatory Shift in War on Opioid Addiction
  + stars: | 2023-03-30 | by ( Brian Gormley | ) www.wsj.com   time to read: 1 min
Telemedicine companies are facing a regulatory shift that many entrepreneurs say would undercut their ability to quickly prescribe medication that helps prevent opioid overdoses. During the Covid-19 pandemic, telehealth companies benefited from a waiver of the requirement that patients be seen in-person before receiving a telemedicine prescription for buprenorphine, a controlled substance used to treat opioid addiction.
☆ 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.
☆ The government is cracking down on online prescriptions. Patients with addiction and the startups caring for them are caught up in the fight.
  + stars: | 2023-03-27 | by ( Blake Dodge | ) www.businessinsider.com   time to read: +9 min
Proposed rules would limit online addiction treatmentIn February, the Drug Enforcement Administration, or DEA, published much-anticipated rules meant to set the record straight on online prescribing. The rules, if implemented, generally don't allow providers to prescribe controlled medications online if they don't see the patients in person. For buprenorphine and other drugs, there's an exception that would allow for initial 30-day prescriptions for online patients. Some patients are flights away from in-person careFor some patients, especially in rural areas, in-person appointments are hard to find. Last year, Alabama passed a new law prohibiting providers from prescribing controlled drugs to patients they hadn't seen in person within the past year.
☆ Telehealth Apps Sharing Consumer Data Draw FTC Crackdown
  + stars: | 2023-03-26 | by ( Patience Haggin | ) www.wsj.com   time to read: 1 min
The Federal Trade Commission is expected to look at more apps as it focuses on health data. The Federal Trade Commission is cracking down on the data-sharing practices of telehealth companies, focusing on widespread uses of data that many companies in the industry have failed to disclose to users. The FTC earlier this month reached a proposed settlement with BetterHelp, a subsidiary of Teladoc Health Inc., over allegations that the therapy-focused telemedicine company promised to keep users’ health data private but shared it with advertising partners.
☆ Chewy and Petco earnings make it clear: Pet health care is their future
  + stars: | 2023-03-23 | by ( Gabrielle Fonrouge | ) www.cnbc.com   time to read: +5 min
The retailers, which both released their quarterly earnings on Wednesday, began investing heavily into pet health when the pandemic-fueled pet boom saw 23 million American households welcome a new animal into their homes. The boom turned the overall pet market into a $123.6 billion dollar powerhouse in 2021, and it's expected to grow. Pet health care – and the high margins that come with it – is a crucial component to that overall market. It changed its name to Petco Health and Wellness Company in 2020. Pet adoptions surged during the pandemic, triggering a surge in demand for pet goods.
☆ Americans desperate for the hot weight-loss drug Ozempic are turning to Canada and Mexico because they can't afford it at home
  + stars: | 2023-03-20 | by ( ) www.businessinsider.com   time to read: +12 min
She found CanShipMeds.com, one of many websites that says it ships a similar drug, Ozempic, from Canada at a lower cost. Delp is hardly the only American searching for weight-loss drugs across the border in Canada or Mexico. Medicare, the federal program that provides health coverage for people 65 and older, doesn't cover weight-loss drugs at all, though there's a push to change that. People are looking to Canada and Mexico for cheaper OzempicCrystal Cox/Business InsiderUntil insurance coverage improves, people will look abroad to afford the weight-loss drugs. Want to tell us about your experience with weight-loss drugs like Ozempic and Mounjaro?
☆ Amazon's post-Bezos experiment hasn't gone exactly as planned
  + stars: | 2023-03-20 | by ( Annie Palmer | ) www.cnbc.com   time to read: +3 min
Amazon CEO Jeff Bezos speaks during an Action on Forests and Land Use event on day three of COP26 at SECC on November 2, 2021 in Glasgow, United Kingdom. Since Jassy officially succeeded Bezos in July 2021, Amazon has experienced its most turbulent period since the dot-com crash. But whether it's bad luck, his own missteps or some combination of the two, Jassy is an unenviable position as only the second CEO in Amazon's history. So far, the Jassy era has been all about belt tightening and retrenchment from some of Amazon's more experimental pursuits. He made the decision to shutter all of its 4-star, Pop Up and Books stores and, earlier this year, announced Amazon would close some Fresh supermarkets and Go cashierless convenience marts.
☆ 10 in-demand remote jobs paying $100,000 or more that companies are hiring for now
  + stars: | 2023-03-17 | by ( Morgan Smith | ) www.cnbc.com   time to read: +4 min
Even though fewer people are working from home now compared to two years ago, it's still not a bad time to find a remote job — and some of the most in-demand roles companies are hiring for come with a six-figure paycheck. To examine where remote hiring is happening the most for high-paying jobs, FlexJobs identified the occupations with the highest number of remote job openings on their site between January and March 2023 that pay more than $100,000. Here are the 10 most in-demand remote jobs companies are hiring for and how much they pay, according to data from FlexJobs and Payscale:1. These three fields have seen significant remote job growth in the last 12 months despite recent layoffs rippling across the tech and finance sectors. While technical skills such as coding and web design are in demand in our increasingly digital world, soft skills, such as communication and problem-solving, are just as important for remote hiring managers.
☆ How buzzy weight-loss drugs like Ozempic became the next craze in the hottest part of healthcare
  + stars: | 2023-03-14 | by ( Rebecca Torrence | ) www.businessinsider.com   time to read: +7 min
Healthcare companies are launching programs left and right to prescribe trendy weight-loss drugs. And Ro, a startup that prescribes and sells products like Viagra and hair-loss pills to consumers, is going all in with a program it launched in January to prescribe the weight-loss drugs to patients online. CalibrateFirst developed to manage type 2 diabetes, GLP-1 medications regulate blood-sugar levels, which can help people curb cravings and feel fuller after eating. The weight-loss market for GLP-1 drugs is relatively new, and not everyone is on board. But for some companies, stepping into prescribing these new weight-loss medications seems to simply be the natural next step for growth.
☆ Why buzzy weight-loss drugs are the next craze for healthcare startups
  + stars: | 2023-03-13 | by ( Rebecca Torrence | ) www.businessinsider.com   time to read: +7 min
Healthcare companies are launching programs left and right to prescribe trendy weight-loss drugs. And Ro, a startup that prescribes and sells products like Viagra and hair-loss pills to consumers, is going all in with a program it launched in January to prescribe the weight-loss drugs to patients online. Even startups like Noom, which quietly started a program prescribing GLP-1 medications, could stand to benefit from the drugs' popularity after a tumultuous year for the startup. The weight-loss market for GLP-1 drugs is relatively new, and not everyone is on board. But for some companies, stepping into prescribing these new weight-loss medications seems to simply be the natural next step for growth.
☆ I raised $9.75 million for my health and wellness company as a Black female founder. Here's how I did it and found the right investors.
  + stars: | 2023-03-11 | by ( Alexandra York | ) www.businessinsider.com   time to read: +6 min
The duo has raised $9.75 million in VC, a major accomplishment for two Black female entrepreneurs. As of 2022, only a few hundred Black or Latina women founders have raised $1 million or more in VC. White men see white women in their homes and they see Black men in the locker room, but they don't see Black women as often. Feeling seen by our women investors and investors of color has made a huge difference. There are tons of Black women founders in healthcare.
☆ A day in the life of a sorority house interior designer, from picking out makeup mirrors to transforming closets into mental wellness spaces
  + stars: | 2023-03-11 | by ( Britney Nguyen | ) www.businessinsider.com   time to read: +8 min
Liz Toombs is a Lexington, Kentucky-based interior designer who mostly works with sororities. Her work varies from designing a newly built sorority house to styling one room in a facility. After refreshing some rooms in the house, Toombs was approached by a sorority who needed work on their house, too. "When we're building a new sorority house, we're doing everything. For a new sorority house, Toombs said whatever furniture goes in one bedroom goes in all of them.
☆ North Carolina lawmakers intervene to defend abortion pill restrictions in case testing FDA power
  + stars: | 2023-03-10 | by ( Spencer Kimball | ) www.cnbc.com   time to read: +3 min
North Carolina has divided government. Stein told North Carolina lawmakers the FDA determined that restrictions like those in North Carolina unduly burden patients' access to a safe and effective drug. A federal judge on Friday allowed North Carolina lawmakers to defend restrictions on the abortion pill mifepristone, after the state attorney general declined to do so. The abortion pill has become the central flashpoint in the battle over abortion access since the Supreme Court overturned Roe. Democratic attorneys general have asked a federal judge in Washington state to declare the remaining FDA restrictions on mifepristone unconstitutional.
☆ WeightWatchers Moves Into the Ozempic Market With Telehealth Deal
  + stars: | 2023-03-07 | by ( Andrea Petersen | ) www.wsj.com   time to read: 1 min
WW, known for food-tracking and lifestyle changes, is moving to also offer customers a medical weight-loss approach. WW International Inc., known as WeightWatchers, is buying digital health company Sequence, marking the diet company’s move into the hot market for diabetes and obesity drugs including Ozempic and Wegovy. Sequence is a subscription service that offers telehealth visits with doctors who can prescribe the drugs. WeightWatchers, which has long promised to help customers lose weight through food-tracking and lifestyle changes, is moving to also offer customers a medical weight-loss approach.
☆ WeightWatchers jumps into into the prescription weight loss drug business with Ozempic
  + stars: | 2023-03-07 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +2 min
New York CNN —WeightWatchers is getting into the booming prescription weight loss drug business. The GLP-1 agonists Sequence helps prescribe include Wegovy, Ozempic, and Rybelsus. The FDA approved Ozempic for the management of diabetes in 2017 and Wegovy for weight loss in 2021. Ozempic has gained popularity in part due to celebrities using it for weight loss. But there are many concerns with using diabetes drugs for weight loss, including high costs and shortages that are making it harder for people with diabetes to obtain the drugs.
☆ Top 10 things the Club is watching in the stock market Tuesday: Fed's Powell, Meta, obesity
  + stars: | 2023-03-07 | by ( Jeff Marks | ) www.cnbc.com   time to read: +3 min
Meta Platforms ' (META) "year of efficiency" set to continue: Bloomberg is reporting job cuts in the thousands could happen as soon as this week. WW International (WW) is higher after announcing deal to acquire the anti-obesity-focused telehealth provider Sequence. (Jim Cramer's Charitable Trust is long META, LIN, CSCO, AMZN, LLY. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
☆ WeightWatchers is buying a company that lets you pay $99 a month to see a doctor on video and get a prescription to popular weight-loss drug Ozempic
  + stars: | 2023-03-07 | by ( Lakshmi Varanasi | ) www.businessinsider.com   time to read: +4 min
WeightWatchers announced Monday it was buying Sequence, a clinical weight management platform. Members will get Sequence's services including telehealth visits and prescriptions for weight loss drugs like Ozempic. Through Sequence's $99-a-month subscription program, customers can schedule telehealth appointments with doctors who will prescribe weight loss and diabetes management drugs like Ozempic and Wegovy. "As science advances rapidly, we know there is a significant opportunity to improve outcomes for those using medications," WeightWatchers' CEO Sima Sistani said in a press release. Doctors are even adding the hashtags to videos that are about weight loss solutions that don't rely on those medications.
☆ Here's an exclusive look at the pitch deck that Y Combinator alum Opkit, a health insurance verification startup, used to raise funding from investors like Plaid CEO Zach Perret's VC firm
  + stars: | 2023-03-07 | by ( Madeline Renbarger | ) www.businessinsider.com   time to read: +3 min
Opkit is a startup that helps telehealth companies verify and process patient health insurance. Software engineers Sherwood Callaway and Justin Ko first met as early employees at the fintech startup Brex and became fast friends. As more telehealth companies were popping up after the pandemic, they often had issues with quickly processing patient health insurance for care, Callaway told Insider. Opkit also offers providers an insurance dashboard, that allows telehealth employees to perform eligibility checks or inquiries to insurance companies about specific patients' plans. "Opkit was our first experience doing venture fundraising, and Y Combinator really helped us make connections with investors," said Callaway.
☆ Under threat, Weight Watchers enters obesity drug space. Here's what it means for the stock
  + stars: | 2023-03-07 | by ( Christina Cheddar Berk | ) www.cnbc.com   time to read: +7 min
The company's sales have been in a steady multiyear decline after an attempt to de-emphasize weight loss and focus on wellness failed miserably. WW 1Y mountain The parent of Weight Watchers has seen its market value shrink as sales have dropped for several years. Another drug, Eli Lilly's Mounjaro, adds a second incretin hormone to the mix and has been shown to be even more successful with weight loss. This trend could provide an opportunity for the core Weight Watchers brand and its focus on behavior modification. That scenario assumes Weight Watchers continues to see membership erosion, while cost controls help minimize margin compression.
☆ Stocks making the biggest premarket moves: Meta, Rivian, WW International, KeyCorp and more
  + stars: | 2023-03-07 | by ( Michelle Fox | ) www.cnbc.com   time to read: +3 min
WW International — Shares of company formerly known as Weight Watchers jumped as much as 17.6% in premarket trading after announcing a deal to acquire telehealth firm Sequence. The Wall Street firm said the aircraft's weight has raised questions and led him to wonder if the design is "overly aggressive." Its price target of $39 implies 24.5% upside from Monday's close. The Wall Street firm said there is a large unmet need for resistant hypertension treatment and said Mineralys has "potential best-in-class" data. The Wall Street firm said Hensai "outshines peers, with its superior scale and margin, and its strong project pipeline."
☆ Stocks making the biggest moves midday: Rivian, Delta, Snap, Dish Network and more
  + stars: | 2023-03-07 | by ( Michelle Fox | ) www.cnbc.com   time to read: +3 min
United Airlines — United Airlines gained 4.4%, as the broader airline space got a boost after the Justice Department sued to block JetBlue's acquisition of American Airlines. Snap — The tech company's stock gained 4.1%, adding to the 13% it gained on Monday. Dish Network -- The stock climbed 7.4% after Dish co-founder and Executive Vice President James DeFranco disclosed the purchase of 1.45 million shares. DXC Technology — Shares fell 4.5% after DXC Technology said talks of a possible acquisition of the information technology company by a financial sponsor were terminated. Bank stocks — Bank stocks fell after Fed Chair Jerome Powell suggested that rates may need to go higher for longer.
☆ New weight loss drugs will help tackle America's obesity epidemic, says Dr. Scott Gottlieb
  + stars: | 2023-03-07 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNew weight loss drugs will help tackle America's obesity epidemic, says Dr. Scott GottliebDr. Scott Gottlieb, former FDA commissioner, and CNBC's Meg Tirrell join 'Power Lunch' to discuss WeightWatchers upcoming telehealth deal, new weight loss drugs coming to market and regulatory considerations associated with long-term medicine use.
☆ WW International CEO on weight loss drugs: Still critical you make the right lifestyle changes
  + stars: | 2023-03-07 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWW International CEO on weight loss drugs: Still critical you make the right lifestyle changesCNBC's Meg Tirrell talks with Sima Sistani, WW International CEO, on 'Closing Bell: Overtime' to discuss the company's stock surge after announcing it had acquired Sequence, a telehealth platform that helps treat obesity.
☆ Best Buy will set up in-home hospital care through a new deal with Atrium Health
  + stars: | 2023-03-07 | by ( Melissa Repko | ) www.cnbc.com   time to read: +4 min
Best Buy is best known for installing TVs and home theater systems. Best Buy began setting up virtual-care systems in mid-February for 10 hospitals in and around Charlotte, North Carolina. Best Buy and Atrium did not disclose specific financial terms, but said Atrium will buy the devices from Best Buy and use Geek Squad services for installation and retrieval when the patient is cleared from care. For Best Buy, the hospital-at-home program represents the latest push to turn health care into a more meaningful revenue driver. Best Buy, like retailers including Walmart and Target , has seen consumers buy fewer big-ticket and discretionary items as they pay more for food and housing.
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