COVID-19 testing startup Curative to put off 109 employees while pivoting focus – Mobihealth News


Calif.-based startup Curative offers COVID-19 testing and vaccination services through the U.S., but because testing needs have lessened, the organization is shifting its focus to launching a brand new health plan.

Because of the course change, the organization is lounging off 109 employees at the begining of November.&nbsp

The organization filed a staff Adjustment and Retraining Notification&nbspAct notice using the condition of California. WARN is really a U.S. labor law requiring employers with 100 or even more employees to supply advanced notification of mass layoffs and plant closures 60 calendar days ahead of time.

“As the organization transitions from COVID-19 testing to launching a brand new health organize of Austin, Texas, we’re lowering the workforce in certain regions of the organization and expanding in other people,” a spokesperson from Curative told MobiHealthNews.&nbsp

Curative will launch its employer-based health plan first in Travis and Williamson counties in Texas, then through the condition of Texas in next season. Subsequently, it intends to offer its plan in&nbspstates.

The program will offer you $ copays and $ deductibles for in-network care. To qualify, people must develop a preventative health Baseline Visit within 4 months to carry on receiving $ deductibles, $ copays and $ out-of-pocket costs for in-network care.&nbsp

THE Bigger TREND

Numerous digital health insurance and health tech companies have announced layoffs forever of 2022.

In June, Carbon Health, a series of doctor clinics that gives telemedicine, let go 250 employees, 8Percent from the company’s workforce. Carbon acquired significant revenue from the COVID-19 services, but the organization closed a lot of individuals services because the pandemic shifted.&nbsp

This summer saw virtual care company Incorporated Health reduce its worker count by under 6%, and prescription digital therapeutics maker Pear Therapeutics let go 9% of their full-time workforce.

Calm, a business that flourished throughout the pandemic by providing an application to assist with meditation, stress, and sleep, forget about 20% of their staff because of what its Chief executive officer David Ko stated was the organization “not [being] safe from the impacts of the present economic atmosphere.”&nbsp

Cue Health, that provides an at-home molecular COVID-19 test, let go 170 manufacturing workers the 2009 summer time.

Most lately, GoodRx, a business noted for its prescription cost transparency tools, let go roughly 140 of their workforce, or about 16% of their employees. The reduction mainly impacted its technology-focused and marketing segments.

Others that faced mass layoffs include 23andMe, among the largest genomic platforms within the U.S., payment company Cedar plank, healthcare automation company Olive, and AI-back genomic and clinical data company Sema4.

Source