Plus: Medical billing startup Cedar cuts 24% of workforce as market constricts.
The Healthtech Times is a weekly newsletter covering healthtech news from Canada and around the globe. Subscribe to H|T using the form at the bottom of this page to ensure you don’t miss out on the most important healthtech news every week!
ACTO secures $23.5 million CAD as pandemic tailwinds increase demand for life sciences education (BETAKIT)
The startup claims to have seen accelerated growth since 2020, specifically with large enterprise customers like AstraZeneca, as easily-accessible, remote-based learning options for pharma reps and healthcare providers have become increasingly popular amid the pandemic.
Former Theranos executive Sunny Balwani is convicted of fraud (NBC NEWS)
Ramesh “Sunny” Balwani, a former high-ranking executive at Theranos, was convicted on all 12 counts of wire fraud and conspiracy to commit wire fraud, was president and chief operating officer of Theranos, a blood-testing company that claimed its technology could detect a multitude of diseases with just a few drops of a patient’s blood.
Haleo raises $5.2 million seed extension to expand virtual sleep clinic (BETAKIT)
Founded in 2015 by Bradley Smith, Haleo offers a virtual care solution for sleep. Using its mobile app, licensed therapists are able to provide care to workers with insomnia or other sleep disorders. The startup claims that 94 percent of the people that went through its program no longer experience clinically significant symptoms of insomnia.
Google says it will delete users’ location history for abortion clinic visits (MOBIHEALTH NEWS)
“We’re committed to delivering robust privacy protections for people who use our products, and we will continue to look for new ways to strengthen and improve these protections,” Jen Fitzpatrick, senior vice president of core systems and experiences at Google, wrote in a blog post.
BetaKit Live: How to use data to survive a downturn (BETAKIT)
In partnership with Mozart Data, BetaKit will present a livestream panel conversation on how startups can use data to survive the current downturn. Featuring both US and Canadian VCs, the panel will identify the metrics your company needs to keep a close eye on in a downturn, and how to take action based upon what the metrics tell you.
Tebra, an operating system for independent healthcare providers, hits unicorn status (TECHCRUNCH)
Tebra was formed through the merger of Kareo and PatientPop last year, two cloud-based software platforms for “clinical, financial and practice growth technology.” The new funding will allow Tebra to merge with other companies, grow its market share, launch a combined product line and initiate new branding for the company.
It’s never been more important to address diversity in AI (BETAKIT)
Simply put, the makeup of project teams, who they consult with, and what their values are can be the difference between a model that is inclusive and respectful, and one that isn’t.
Scientists design a cheap device that can detect ear problems with the help of a smartphone (STAT NEWS)
The device — called a tympanometer — was too pricey for many health care providers worldwide to afford on their own, so Cohen, an otolaryngologist at Massachusetts Eye and Ear, was shuttling it to colleagues in Ethiopia.
Congress probes period tracking apps and data brokers over abortion privacy concerns (TECHCRUNCH)
In the letters, the representatives requested information on the companies’ data collection and retention policies “including documents and communications concerning the actual or potential production of such data to external entities voluntarily or subject to legal obligation, such as a subpoena.”
The lawmakers also asked for information explaining each company’s data sharing practices and how much revenue and profit those companies have made off that data going back five years.
DOT Mind Unlock wins #CollisionConf 2022 startup pitch competition (BETAKIT)
Founded in 2017 by Yishel Khan, DOT provides tech-enabled solutions for improving mental health. Its product suite includes Neuron, a web-based platform that aims to support mental health caregivers by automating diagnosis, monitoring, and management of their patients.
Medical billing startup Cedar cuts 24% of workforce as market constricts (FIERCE HEALTHCARE)
“While several factors contributed to this difficult decision, including the current macroeconomic climate, this is not about achieving short-term cost cuts. Going forward, we are focused on creating a long-term strategic path to profitability that supports Cedar’s business and product goals, while continuing to exceed the expectations of our customers and their patients,” a company spokesperson said in a statement.
Subscribe to The Healthtech Times
Don’t forget to subscribe to The Healthtech Times using the form below to make sure it hits your email inbox every week!