Digital Health Companies Face Post-Pandemic Challenges

It's been nearly five years since the coronavirus broke out in the U.S., but digital health companies are still reeling from the aftermath. According to a CNBC analysis of 39 public digital health companies, around two-thirds have lost value this year, while the Nasdaq is up 32%. 'The pandemic was a huge pull forward in demand, and we're facing those tough, challenging comps,' said Scott Schoenhaus, an analyst at KeyBanc Capital Markets.

In a year that saw the Nasdaq jump 32%, surpassing 20,000 for the first time this month, health tech providers largely suffered. Of 39 public digital health companies analyzed by CNBC, roughly two-thirds are down for the year. Others are now out of business., which was buoyed by the success of its popular new weight loss offering and its position in the GLP-1 craze. But that was an exception.While there were some company-specific challenges in the industry, overall it was a'year of inflection,' according to Scott Schoenhaus, an analyst at KeyBanc Capital Markets covering health-care IT companies. Business models that appeared poised to break out during the pandemic haven't all worked as planned, and companies have had to refocus on profitability and a more muted growth environment. 'The pandemic was a huge pull forward in demand, and we're facing those tough, challenging comps,' Schoenhaus told CNBC in an interview.'Growth clearly slowed for most of my names, and I think employers, payers, providers and even pharma are more selective and more discerning on digital health companies that they partnered with.'. Almost two dozen digital health companies went public through an initial public offering or special purpose acquisition company, or SPAC, that year, up from the previous record of eight in 2020. Money was pouring into themes that played into remote work and remote health as investors looked for growth with interest rates stuck near zer

الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Digital Health Companies Struggle in Post-Pandemic MarketThe digital health industry is facing a downturn after the pandemic boom. Two-thirds of public digital health companies have lost value this year, while the Nasdaq has seen significant growth. Factors like slowing growth, increased competition, and a refocus on profitability are contributing to the challenges.
مصدر: NBCPhiladelphia - 🏆 569. / 51 اقرأ أكثر »

Digital Health Companies Struggle After Pandemic BoomTwo-thirds of public digital health companies have lost value this year as the industry faces a post-pandemic slowdown.
مصدر: NBCDFW - 🏆 288. / 63 اقرأ أكثر »

Michael Moore: A Manifesto Against For-Profit Health Insurance CompaniesI hereby give you my Oscar-nominated Documentary on the Killer Health Insurance companies like United HealthCare —SICKO — for FREE… and let's end and replace this so-called 'health care system'...
مصدر: Newsweek - 🏆 468. / 52 اقرأ أكثر »

Companies tighten security after health care CEO’s killing leads to a surge of threatsBig health insurers have taken down photos of their top officials from websites and moved meetings with shareholders online.
مصدر: adndotcom - 🏆 293. / 63 اقرأ أكثر »

Health Insurance Companies Pull Down Information About Executives After Assassination of CEOScience and Technology News and Videos
مصدر: futurism - 🏆 85. / 68 اقرأ أكثر »

Companies tighten security after a health care CEO's killing leads to a surge of threatsThe killing of UnitedHealthcare’s CEO in New York has prompted health care companies to rethink and increase security for executives.
مصدر: wjxt4 - 🏆 246. / 63 اقرأ أكثر »