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August 25, 2022

ICYMI 3 Big News Stories from August

Commentary
HealthXL Team

In our Friday newsletter, we recap the biggest news story of the week so you don’t miss out on the latest trends, developments, and acquisitions in digital health. In case you missed it (ICYMI), this round-up will catch you up on the top stories from the past month.

#1 Story:  Sema4 Layoffs - Are Digital Health Companies Scaling & Diversifying Too Fast?

The story: Sema4, the AI-backed genomic and clinical data company, announced on Tuesday they were laying off approximately 250 workers, and their founder was stepping down as part of a larger restructuring. 

Why it’s Notable: 

Industry Implications: 

Read the full article here.

In other news...

#2 Story Snapshot: CVS partners with Amwell - is the future hybrid?

The story: CVS Health has partnered with telehealth company Amwell to roll out its new virtual primary care service. The offering will give eligible Aetna and CVS Caremark members access to primary care, on-demand care, chronic condition management and mental health services virtually.

Read our HealthXL take on this story here

#3 Story Snapshot: Post Roe v. Wade - Growing concern over data transparency and accountability

The story: A recent report from UK-based ORCHA (Organisation for the Review of Care and Health Apps) revealed that 84% of period tracking apps share personal and sensitive health data with third parties. This comes amidst growing concern over data privacy as it relates to fertility apps following the overturning of Roe v. Wade in the US. What are the implications of this concern on companies in the femtech space?

Read our HealthXL take on this story here

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