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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Technology
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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Mount Sinai, HealthSnap Partner to Expand Chronic Condition Management
What You Should Know:
- Mount Sinai Medical Center, the largest private, non-profit teaching hospital in Florida, and HealthSnap, a leading virtual care management platform, announced a significant expansion of their partnership.
- Building on the success of their initial Remote Patient Monitoring (RPM) program launched in March 2024, Mount Sinai is expanding to incorporate HealthSnap's Chronic Care Management (CCM) services across its primary care network.
Focus on Remote
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