What You Should Know:
- Amwell (NYSE: AMWL), a leading provider of telehealth software, announced today a one-for-twenty (1-for-20) reverse stock split for all classes of its common stock.
- The stock split move aims to regain compliance with the New York Stock Exchange's (NYSE) minimum share price requirement of $1.00.
Effective Date and Share Adjustments
The reverse stock split will become effective on July 10, 2024, at 5:00 p.m. EDT. Following the split, the number of
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Archives for June 2024
Walmart Exits Virtual Health Market with Sale of MeMD to Fabric
What You Should Know:
- Fabric, a healthcare technology company focused on care enablement, announced today the acquisition of MeMD from Walmart Inc. (NYSE: WMT). MeMD is a recognized leader in virtual healthcare, offering behavioral, urgent, and primary care services to millions of individuals.
- This strategic acquisition positions Fabric to be a major player in the virtual healthcare landscape. By combining Fabric's care enablement platform with MeMD's established virtual care
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Noom Unveils AI-Powered Food Logging and Welli Assistant to Supercharge Health Coaching
What You Should Know:
- Noom, the leader in digital health coaching for chronic disease prevention, is revolutionizing its platform with the launch of two cutting-edge AI features: AI food logging and Welli, their new AI personal health assistant.
- The launch of AI food logging and Welli reinforces Noom's commitment to leveraging technology for sustainable behavior change. These features simplify meal tracking, provide instant support, and free up coaches to deliver personalized
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Inovalon and MEDITECH Alliance Partner to Streamline Revenue Cycle Management
What You Should Know:
- Inovalon, an innovator in cloud-based healthcare data solutions, announced a strategic partnership with the MEDITECH Alliance.
- The strategic collaboration empowers thousands of healthcare providers using MEDITECH's electronic health record (EHR) systems to leverage Inovalon's end-to-end revenue cycle management (RCM) solutions.
Optimizing Reimbursement and Reducing Errors
The partnership tackles a significant challenge in healthcare: inefficient
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23andMe and Nightingale Health Partner to Offer Blood-Based Risk Assessment Pilot
What You Should Know:
- 23andMe Holding Co., a leading player in preventative health and therapeutics, and Nightingale Health, a pioneer in biomarker testing, announced a collaboration to pilot Nightingale's blood metabolomics panel with a group of 23andMe members.
- This pilot program represents a significant step forward in personalized health assessment. By combining genetic and blood biomarker data, 23andMe and Nightingale Health are paving the way for a future where individuals
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Adventist Health Selects The Garage’s Bridge Platform to Advance Value-Based Care Initiatives
What You Should Know:
- The Garage, a leading population health management technology company, announced a strategic partnership with Adventist Health, a prominent non-profit integrated health system. Adventist Health will leverage The Garage's Bridge platform to further its value-based care initiatives across its diverse patient population.
- The Garage, headquartered in Orlando, Florida, is a population health management leader dedicated to improving healthcare delivery. By
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Unleashing the Dynamic Force of AI and Automation to Revolutionize Revenue Cycle Management
Every year, hospitals across the United States, regardless of their size or type, face significant financial losses amounting to hundreds of billions of dollars due to uncompensated care. This staggering figure does not even consider the additional losses incurred by hospitals as a result of underpayments from government-funded healthcare programs such as Medicare and Medicaid.
As healthcare organizations grapple with rising costs, eroding financial margins, ongoing labor shortages, and
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ONWARD Medical Secures $56.6M Loan to Advance Spinal Cord Stimulation Therapies
What You Should Know:
- ONWARD Medical N.V. (Euronext: ONWD), a leading medical technology company specializing in innovative spinal cord stimulation therapies, announced the signing of a loan agreement of up to €52.5M ($56.6M) with Runway Growth Capital LLC, a U.S.-based lender.
- This strategic partnership will provide vital funding for the company's continued growth and advancement of life-changing SCS therapies for people with spinal cord injury (SCI).
- ONWARD Medical is a
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Mayo Clinic Receives $20M Gift to Propel AI and Cancer Research
What You Should Know:
- Mayo Clinic has announced a generous $20M gift from Dwight and Dian Diercks that will significantly advance key elements of Mayo Clinic's vision, including the Mayo Clinic Platform and the application of artificial intelligence (AI) for early cancer detection and intervention.
- In recognition of this support, Mayo Clinic will establish the Dwight and Dian Diercks President, Mayo Clinic Platform, and create the Heidi Diercks Krause Fund in AI Innovation
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Google and TikTok Ban Done Global Ads Amid Telehealth Adderall Controversy
What You Should Know:
- Following federal investigations into Done Global's Adderall prescribing practices, Google and TikTok have banned the telehealth company from advertising on their platforms.
- A spokesperson for LegitScript declined to comment on the specific situation regarding Done Global.
Adderall and ADHD Treatment Under Scrutiny
Adderall, a stimulant medication commonly used to treat Attention Deficit Hyperactivity Disorder (ADHD), is at the center of the
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