A federal jury found three former Outcome Health executives guilty of 47 counts of fraud. The convictions come after a 10-week trial that investigated the former leaders’ role in a billion-dollar scheme in which the company lied to its customers about how many physicians' offices their advertisements would appear in.
PatientPoint is combining with Outcome Health, which experienced a swift and sharp downfall after its former executives defrauded its clients. Together, they will form a new patient engagement company called PatientPoint Health Technologies that could be valued at $600 million.
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Here's how the Chicago startup that raised $500 million and accorded unicorn status stumbled amidst charges of deception, and what the task ahead is for its newly-appointed CEO from the advertising world.
The startup's new leader is Matt McNally, who currently serves as group president and chief media officer of Publicis Health.
COO Nandini Ramani will lead the company during the interim period as the company searches for a new CEO, according to a statement on Outcome Health's website.
The revelation that some Outcome Health employees provided misleading advertising data to customers and a subsequent lawsuit from investors has prompted some medical societies that made deals with the company to back away from the company.
The ongoing nursing shortage facilitates high turnover rates since nurses know they won’t have difficulties finding new jobs. In order to retain and attract staff, it’s in a facility’s best interest to understand what nurses want.
In a statement, the cofounders of Outcome Health contended that the equity investors led by Goldman Sachs are misusing the court system,
Citing former employees, the article reported that the company used inflated data to measure how well ads performed. Outcome Health Founder and CEO Rishi Shah said the company had initiated a series of steps to improve the way it works with advertisers.
Through their collaboration, the organizations are using Outcome Health's technology to bring the knowledge of Harvard Medical School clinicians to waiting rooms and exam rooms.
Chicago-based Outcome Health has reached the pinnacle of its 11-year existence: It is now valued at $5 billion. Co-founder and CEO Rishi Shah discussed the startup's future and why it strives to empower every patient.
Balancing healthcare benefits and insurance costs requires research. From becoming a Difference Card member to offering wellness resources, there are many ways to improve healthcare at low cost.
The business helps physicians deliver personalized content with 3D technology to give patients a 3-D perspective of their illness and treatment options.