Finance

The company will use the funds to accelerate its AI capabilities and for strategic and commercial growth.

The health tech giant reported lower-than-expected sales and profits in the first quarter, resulting in its shares plummeting.

The telemedicine giant reported a net loss of $81.9 million in the first quarter of the year and a 20% increase in EBITDA year-over-year. 

The SaaS company looks to harness Edgility’s AI capabilities to expand its patient-capacity offerings and augment its patient-flow model.

As part of the agreement, ShiftMed will provide services to 1,400 Genesis HealthCare locations.

Also, Indian pharmacy chain Zeno Health has acquired online pharmacy startup Tablt Pharmacy.

The acquisition will boost GE HealthCare’s software offerings in oncology, neurology and cardiology.

The chronic care management company reported a 47% decrease in revenue in Q4 2023 compared to 2022 and a $7.3 million loss in year-over-year revenue.

Juan Santos, SVP of brand experience and innovation at the Tavistock Group, opened the Venture Connect Forum by discussing the community's collection of resident data to improve healthcare outcomes.

Various factors around ROI on virtual tech should be considered before implementation, such as billing revenue, increased efficiency, downstream revenue and improved outcomes, said experts at the HIMSS24 preconference Virtual Care Forum.