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Pelago launches Centers of Excellence network for substance use management

Digital substance use management platform Pelago announced it launched an inpatient Centers of Excellence network focused on increasing access to care, treatment completion, and cost reduction.  Pelago will use its substance use disorder (SUD)-focused digital front door to identify members in need of a higher level of care.   The company also employs a proprietary clinical …

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Butterfly Network announces reorganization after 3.8% drop in revenue in Q2

Butterfly Network, maker of a handheld, smartphone-connected ultrasound system, reported a 3.8% drop in revenue in the second quarter of 2023 at $18.5 million compared to its Q2 revenue of $19.2 million in 2022.   Butterfly reported a net loss of $28.7 million for the period compared to a $35.8 million loss in Q2 2022. Adjusted …

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Butterfly Network reports over $33M loss in Q1

Butterfly Network, maker of a handheld, smartphone-connected ultrasound system, saw its stock price drop after reporting first-quarter revenue of $15.5 million, flat from its total revenue of $15.6 million in Q1 2022, alongside a net loss of $33.5 million.   Still, this year, the Mass.-based company’s first quarter net loss was less than its reported $44.5 …

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