Digital Health

The Federal Trade Commission has started cracking down on digital health companies for allegedly sharing consumers’ health data for advertising purposes. Last month, the agency said GoodRx had shared personal health information with third parties like Google and Facebook. The company, best known for its drug-cost transparency tools, agreed to pay a $1.5 million fine to settle the case, but…

By Adam Ang11:21 pmMarch 2, 2023

TALi obtains Australia’s nod for cognitive attention trainer deviceTALi Digital, an ASX-listed developer of diagnostic and therapeutic tools for improving children’s attention, has received the Therapeutic Goods Administration’s approval for its latest product, ReadyAttentionGo!Available on digital tablets, the software-as-a-medical device serves as a cognitive trainer that helps develop…

The Federal Trade Commission has fined online therapy company BetterHelp $7.8 million for allegedly sharing consumer data with third parties like Facebook and Snapchat for advertising purposes.The proposed order — the second recent action by the FTC regarding data sharing by a digital health company — would also ban BetterHelp from disclosing health data for advertising. The agency said this is…

GoodRx reported falling revenue for the fourth quarter, but its stock rallied early Wednesday after beating earnings expectations. The company, best known for its drug cost-transparency tools, reported $184.1 million in revenue for Q4 compared with $213.3 million in the prior-year period. Net loss for the quarter was $2 million, compared to $39.9 million last year, which the company said was due…

Google announced Tuesday it had rolled out fall detection features for its Pixel Watch. According to a blog post, the wearable will use its motion sensors to determine if the user has taken a hard fall. If the watch doesn’t sense any movement for about 30 seconds, it will vibrate, sound an alarm and display an on-screen notification, where users can say they’re OK or that they need assistance….

Digital mental health platform Cerebral announced it’s letting go of 15% of its workforce in its third round of layoffs since last summer. In a LinkedIn post, the company’s CEO David Mou confirmed the layoffs, saying the reduction was a business decision to align with company needs and not associated with individual performance.”As a young company, we grew quickly to support a rapidly growing…

Prescription digital therapeutic developer Theranica announced it has received FDA 510(k) clearance to use its Nerivio device for migraine prevention in patients 12 and older. The wearable is worn around the upper arm and controlled with a smartphone. It delivers electrical pulses to stimulate small peripheral nerves, which aims to trigger a conditioned pain modulation response to alleviate…

Hims & Hers Health’s stock price is up Tuesday after the direct-to-consumer virtual care company reported nearly doubling its revenue in 2022.The company posted revenue of $526.9 million for the year compared with $271.9 million in 2021. Hims & Hers still posted a net loss of $65.7 million, but it narrowed from a loss of $107.7 million in the prior year.In the fourth quarter, Hims…

Eighty percent of all respondents have used telemedicine within their lifetime and it’s now the preferred channel for receiving prescriptions and care for minor illnesses, according to Rock Health’s 2022 Digital Health Consumer Adoption Survey. The survey, which asked 8,014 U.S. adults about their experience with digital health, also found that audio-only and asynchronous telemedicine modalities…

Sixty percent of respondents said they would feel uncomfortable if their healthcare provider relied on AI to diagnose and treat them, according to a survey conducted by the Pew Research Center. The 2022 survey, which included responses from more than 11,000 U.S. adults, found that 66% of women said they would feel uncomfortable if their provider relied on AI for their medical care, while 54% of…