Omada Health, a digital health company founded 14 years ago to help patients with chronic diseases, has yet to achieve profitability.
As it prepares to go public, company leaders spoke openly about the challenges of making money in the competitive digital health market.
The firm offers virtual care programs for conditions like diabetes and hypertension but has faced financial difficulties typical of many digital health companies.
CEO Sean Duffy pointed out the challenges of expanding the business while controlling costs and dealing with complex healthcare reimbursement systems.
Omada’s experience highlights a common issue in the industry: the difficulty of balancing innovation with a stable and profitable business model. This announcement marks an important step as Omada moves toward becoming a publicly traded company.
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