Historically, the healthcare industry has had a reputation of countercyclicality. The idea here is that people are always going to need healthcare services and products, so the sector is less vulnerable to the effects…
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Baby tech company Owlet reported a drop in revenue to $13.1 million in the second quarter of 2023, compared to $18.3 million for the same period last year, though it reached a milestone of…
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InComm Payments announced it has acquired Zenda, an AI-powered HSA and FSA solution. With aligned organizational goals of “helping more people better manage their health expenses and livelihoods,” the acquisition of Zenda…
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The country’s three largest for-profit health systems — HCA Healthcare, Tenet Healthcare and Community Health Systems (CHS) — all posted their second quarter earnings recently. HCA and Tenet reported net incomes for the quarter,…
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Butterfly Network, the handheld ultrasound system maker, experienced a 3.8% Q2 revenue drop in 2023. The company reported $18.5 million in revenue with a $28.7 million net loss and operating expenses of $42.2 million….
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Hospitals’ pharmacy spending is projected to rise by 3.42% next year, according to a new report published by Vizient. Specialty drugs and neurology medications are the primary drivers of this increase in pharmacy expenses.
Vizient…
Healthcare continues to have the highest data breach costs of all industries, according to a new report from IBM. It revealed that the average cost of a healthcare data breach is now $10.93 million…
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Teletherapy company Talkspace saw its stock price rise after reporting second-quarter revenue of $35.6 million, a 19% increase over the prior year period, driven by an 82% increase in B2B revenue year-over-year and partially…
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