Call9 is shutting down operations and it let go about 100 people in the process, CEO Timothy Peck told CNBC. But he is continuing to run the company's medical unit, and is planning to pivot the business.
The company had raised $34 million but struggled to secure additional financing.
The company had raised $34 million in venture capital but struggled to secure additional capital to scale its business and manage the high cost of running a health-care business. The company said it laid off about 100 employees in the process of winding down. Peck said Call9's struggles are part of a larger trend in health care. Start-ups are sprouting up to take advantage of recent shifts with U.S. health care, namely the transition from "fee for service," which involves payment for tests and procedures, to "value-based care," which involves providing high-quality and efficient health care at the lowest price.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
100 children moved back to controversial Clint, Texas, facilityOver 100 children have been moved back to a Clint, Texas, border station where independent monitors called conditions 'unconscionable,' a Customs and Border Protection official said Tuesday.
Consulte Mais informação »
Work From Home 2019: The Top 100 Companies For Remote JobsAs telecommuting becomes easier, more companies are offering remote jobs...and that illusive work-life balance.
Consulte Mais informação »
The Gender Gap in Computer Science Research Won’t Close for 100 YearsWomen and men are forecast to produce a similar volume of medical research by 2048, according to a new study. In computer science, that won’t happen until 2137.
Consulte Mais informação »
Drake Passes The Beatles For the Second-Most Billboard Hot 100 Top 10sMoves on the billboardcharts 🤩 Drake passes thebeatles for the second-most Billboard Hot100 top 10s
Consulte Mais informação »