Venture Capital
InnovationRx is your weekly digest of healthcare news. Sign up! : Last week, we discussed how the digital health landscape has changed in terms of venture backing, which is down 40% year-over-year for the first half of 2022. Current market conditions are seeing layoffs from the likes of virtual care company Ro, primary care unicorn Carbon Health and medical billing processor Cedar. That’s because concerns over lack of financing are driving companies to pull back on expansive growth in favor of focusing on profitability and consolidating operations.