What You Should Know:
- Teladoc Health, Inc. has announced a significant change in its executive leadership structure. Laizer Kornwasser, President of Enterprise Growth and Global Markets, has been terminated without cause as part of a reorganization of the company’s executive reporting structure. This change will take effect on July 1, 2024.
- Mr. Kornwasser, who has been with Teladoc since October 24, 2022, will remain with the company in an advisory capacity to the Chief Executive
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Technology
Amwell Announces Reverse Stock Split to Maintain NYSE Listing
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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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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Form Health Secures $38M to Expand Science-Based Telehealth Obesity Care
What You Should Know:
- Form Health, the leading provider of science-based obesity care in the United States raised $38M in Series B funding led by Sound Ventures, the round also included participation from M13, SignalFire, and Next View Ventures.
- By combining science-based treatment plans with a convenient telehealth platform and a focus on building a team of top specialists, Form Health aims to make effective and personalized weight loss solutions accessible to a wider
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BSIM Healthcare Services to Deploy Innovaccer’s AI Platform to Empower Value-Based Care for Underserved Communities
What You Should Know:
- Innovaccer Inc., a healthcare artificial intelligence (AI) company, today announced a significant partnership with BSIM Healthcare Services.
- BSIM, dedicated to delivering high-quality care to underserved communities, will leverage Innovaccer's AI-powered platform to optimize its value-based care model and improve health outcomes for the populations it serves.
BSIM Embraces Value-Based Care
This collaboration marks a major step forward for BSIM as
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Amwell Appoints Roy Schoenberg to Executive Vice Chairman, Ido Schoenberg to Serve as Sole CEO
What You Should Know:
- Amwell announced a significant leadership transition. Co-founder and visionary healthcare technology leader Roy Schoenberg, M.D., M.P.H., will transition from his role as president and co-CEO to become the Executive Vice Chairman of Amwell’s Board of Directors.
- Ido Schoenberg, M.D., will take on the role of sole Chief Executive Officer of Amwell.
Roy Schoenberg Background
Since co-founding Amwell in 2006, Roy Schoenberg has been a pivotal force
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Wheel Launches AI-Powered Platform for Virtual Care, Horizon
What You Should Know:
- Wheel, a leading provider of telehealth and virtual care solutions, announces the launch of its AI-driven Horizon™ platform.
- Horizon sets a new standard in care delivery by using AI to provide health plans, digital health solution providers, and life sciences companies with an 'easy button' to instantly scale
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Brightside Health Now Offers Virtual Intensive Outpatient Programs
What You Should Know:
- In line with its commitment to providing the highest quality care, Brightside Health now offers virtual intensive outpatient programs (IOP) for substance use disorder (SUD).
- Brightside Health’s acquisition of Lionrock Recovery launched this new service, enabling the company to provide comprehensive telemental health treatment for a wider range of mental health conditions, including anxiety,
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Humana Issues New Brief on Value-Based Care for Kidney Disease
What You Should Know:
- Health insurance provider Humana Inc. announced the release of a groundbreaking Value-Based Care (VBC) Issue Brief focused on nephrology, the medical specialty treating kidney disease.
- The issue brief report highlights the significant potential of VBC arrangements to improve patient outcomes and reduce healthcare costs for individuals with chronic kidney disease (CKD) and end-stage renal disease (ESRD).
VBC: A Shift from Quantity to Quality
VBC
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Cerebral Settles FTC Charges Over Data Privacy and Deceptive Practices
What You Should Know:
- The Department of Justice (DOJ), in conjunction with the Federal Trade Commission (FTC), announced a settlement with Cerebral Inc., a telehealth company, resolving allegations of data privacy violations, deceptive practices, and misleading cancellation procedures.
- The government, however, is continuing its case against Cerebral's former CEO and other executives, along with separate telehealth companies founded by the former CEO.
Cerebral Settles
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