9/5/2023 0 Comments Carbon health crunchbase![]() ![]() Virtual care usage for Carbon Health is up 900 percent between January and the end of March/beginning of April, Bali said, with many of those people using telemedicine for the first time. With patients seeking to avoid overrunning hospitals, many have turned to telehealth services for consultations and care.Īccording to the company, Carbon Health itself has processed 14,000 coronavirus concerns from patients through its Coronavirus Assessment Tool. Telehealth has seen a bit of a boom since the onset of the COVID-19 pandemic in March. “In a pandemic like this, it’s ridiculous for health care staff to be furloughed and be waiting on the sidelines,” he said. ![]() It’s continuing to hire, with Bali pointing out the need to employ health care workers who have been furloughed. The company offers its virtual care services in 16 states across the United States, and plans to be in all 50 by the summer. Overall, the company has completed more than 12,000 COVID-19 tests across its clinics, COVID-19 mobile clinics, and partnerships with Los Angeles County and the City of San Francisco, according to Carbon Health. “We also realized that if we want to be aggressive, we have to strengthen our balance sheet,” he said.Ĭarbon Health has set up a mobile testing clinic to serve the Bay Area, with a rapid COVID-19 test. The company decided to go ahead with a Series B extension in early March, around the time it decided it needed to be on the front lines of the emerging COVID-19 pandemic, Bali said in an interview with Crunchbase News “Expanding our testing efforts and virtual care footprint will help to reduce the pressure on local hospitals and clinics focused on COVID care, provide non-COVID patients the care they need without putting themselves at risk of exposure, and ensure communities across the country are healthy and well as we look towards reopening our economies,” CEO Eren Bali said in a statement. The new funding, from existing investor DCVC, has helped the business triple its headcount from 100 employees to more than 300 as the company focuses on testing and care during the COVID-19 pandemic. Health tech companies having layoffs this year included Halycon Health, Mfine, Kry, Thirty Madison, divvyDOSE, Noom, Ahead and Truepill, according to Layoffs.fyi, which keeps a database of reported layoffs.Health care startup Carbon Health has raised an additional $28 million for its Series B round, the company announced Monday. Impacted employees were told via 1:1 conversations and offered separation packages that included extended healthcare coverage, removed equity cliffs for options and outplacement support.Īs noted, Carbon Health joins a list of unicorns that had to scale back their workforces, some as a result of growth during the pandemic, including Loom, Hopin and Picsart. ![]() While that was the right decision in 20, the macro environment with more volatile capital markets means it is vital that we become less focused on growth and more focused on profitability.” The other reason Bali gave for the decision to lay off staff was a shift to focus on profitability, writing, “we have been more focused on top-line revenue growth, patient acquisition, patient retention and service expansion, and we have been less focused on profitability. One of its goals with the Series D had been to grow to 1,500 clinics by 2025. Since the pandemic started in early 2020, the company kept up the pace by doubling its full-time staff to 1,600 employees as it opened over 80 clinics in 12 states and expanded its virtual clinics to 23 states. According to growth metrics reported when it raised capital last year, Carbon Health’s patient volume increased 129% between its Series D and its Series C raise in November 2020. ![]()
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