Clover Health
DarioHealth, Clover Health and eHealth also released third-quarter financial results.
Talkspace also announced a 29% year-over-year revenue growth in the second quarter, and Clover Health reported an 11% increase in revenue.
Clover Health reports first-time profitability on an adjusted EBITDA basis in the first quarter.
The partnership seeks to improve mental health outcomes via Clover’s home-based care model.
The company's CEO said it is leaving the CMS program at the end of the performance year due to not seeing a clear path to profitability.
Medicare Advantage insurtech company Clover Health and virtual care company Hims & Hers Health also reported earnings.
The Tennessee-based company has regained compliance with the bid price requirement to remain listed on the NASDAQ.
The Medicare Advantage insurer allegedly did not disclose active investigations by the Department of Justice to investors when it went public.
2022 Look Ahead
More payers launched virtual-first plans, insurtechs went public, and the digital mental health space brought in plenty of funding dollars this year.
Also: FDA pushes back on Nanox's "digital X-ray" 510(k) and clears B-Secur's ECG algorithms.