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Carbon Health introduced that the hybrid care supplier had obtained $100 million in Sequence D funding from CVS Well being Ventures days after revealing a second spherical of layoffs previously 12 months.
On Friday, Carbon Well being’s CEO Erin Bali revealed on Twitter the corporate had laid off greater than 200 workers because it shifts focus to its core main care and pressing care providers whereas “unwinding” its public well being, distant affected person monitoring, {hardware} and power care applications.
The Sequence D funds will assist Carbon Well being scale its Connective Care model, which makes use of software program to attach sufferers and healthcare suppliers, and permits for digital monitoring and administration of care.
Sufferers can entry digital or in-person pressing and first care, digital psychological healthcare and diabetes care, in-person COVID-19 testing, and/or work-related healthcare for office accidents.
Along with offering the huge funding, CVS Health will pilot the implementation of Carbon Well being’s choices inside choose CVS Well being shops for client use.
THE LARGER TREND
The latest round of layoffs comes about seven months after the corporate reported they let go of 250 employees, about 8% of its global workforce, as a result of have to shut down a few of the COVID-19-specific companies.
Carbon Well being raised a large $350 million in 2021, then acquired distant affected person monitoring firm Alertive Healthcare, a series of New Jersey urgent care clinics, two clinic chains in Arizona and California and a bunch of clinics in Southern California. The corporate additionally acquired built-in diabetes care platform Steady Health.
In September, the hybrid care supplier announced a partnership with Blue Cross Blue Shield of Massachusetts wherein the well being insurer would supply its members Carbon’s Connective Care. The brand new main care mannequin launched early this month.
In March, direct-to-consumer digital well being firm Hims & Hers introduced a cope with Carbon Well being to supply its California-based clientele with a brick-and-mortar care possibility.
According to Axios, Carbon Well being’s Cha mentioned at an occasion final month that the corporate is in the midst of talks to license its EHR software program to different practices.
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