Behavioral health
Also, HD has obtained fresh funding to expand its reach across Vietnam.
The company also announced its intentions to seek FDA approval for EndeavorOTC, its over-the-counter product for adults with ADHD.
Medicare Advantage insurtech company Clover Health and virtual care company Hims & Hers Health also reported earnings.
The company will use the funds to grow its offerings, including its teletherapy platform, and expand its reach nationally.
The San Francisco-based company will add Limbix's SparkRx offering to its digital therapeutics portfolio.
The digital health platform will be available to the health systems' patients and team members 24/7 for mental health support.
The company let go of 181 employees, or 15% of its workforce.
The hybrid platform offers Medicare Advantage recipients behavioral health services. It will use the funds to grow its partnerships with insurance providers.
Froedtert Health will integrate the San Diego-based company's behavioral health services into its primary care, women's health and pediatric care offerings.
The company will use the funds to release new offerings to providers and payers, expand its reach nationally in 2023 and establish a presence in all 50 states in 2024.