Behavioral health
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.
Virtual mental health platform Sesh and tech-enabled behavioral health platform Lucet also add new leadership.
Connor Tobin, professional soccer player and the cofounder and executive director of the United Soccer League Players Association, discusses a partnership with telehealth platform Onrise to support players' mental health.
Patients in Emory's behavioral health program will utilize NeuroFlow's platform to have access to psychotherapy content between scheduled visits.
According to an audit by the Office of the Inspector General, Medicare improperly paid for $580 million of psychotherapy care, including $348 million of telehealth services, during the first year of the COVID-19 public health emergency.
The company reported $33.3 million in revenue for Q1 2023 and a net loss of $8.8 million.
Users will have the option to participate in groups and schedule a coaching session.