Care
According to reporting by TechCrunch, the company laid off around 500 employees.
The company will expand its network and platform and increase R&D investments.
According to the report, higher family incomes, more education, race and Hispanic origin were factors related to increased telemedicine use.
From hospital closures to physician shortages, provider scarcity is a big challenge when it comes to expanding Medicare Advantage in rural communities.
The company also announced a partnership with pharma giant Biogen that allows providers to submit enrollment forms for its multiple sclerosis drug Vumerity through the new platform.
The partnership will allow MyndVR to expand its content offerings for older adults.
The virtual care startup for LGBTQ+ patients will also use the investment to expand its recently launched enterprise offering.
Its mobile app is slated to be released in late 2023.
The collaboration will allow Rite Aid to relocate its fundamental applications to Google Cloud, including its vaccine scheduling tool, customer messaging infrastructure and digital engagement platform.
The company will also stop offering Medicare Advantage plans outside of California and Florida.