The digital health market is constantly changing, with startups coming onto the scene and more established companies restructuring their strategies.
Companies that had a good week:
- Artificial intelligence-powered medical documentation company Abridge partnered with the Kansas City-based University of Kansas Health System.
- BetterKnight, a virtual sleep company, raised $33 million in growth funding.
- Health and wellness platform Hims & Hers reported a 94 percent jump in revenue for 2022.
Companies that had a bad week:
- Health tech company Color Health laid off 300 workers as it shifted focus from the COVID-19 pandemic.
- Precision medicine startup Vibrent Health laid off 13 percent of its staff.