Jury finds ADHD startup Done’s former CEO guilty of conspiracy Read in browser

Thursday, 20 November 2025

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Making health data useful Lab testing is all the rage this year. Startups offering it are raking in funding — like Function Health’s giant $298 million Series B yesterday — while established health tech companies are adding it to their offerings. It's not just health tech startups, either: One of the service providers (LabCorp) has also launched a consumer strategy. Regardless of who offers the tests, the goal for users is to get data they want to know about for wellness and longevity. For companies, the reason for providing these tests varies. Startups like Function and Superpower are betting their business will grow as people’s interest in understanding their own health grows. Wearables companies like Whoop and Oura are using the service to get their devices closer to the huge market in the medical sector. Telehealth platform Hims, which announced Hims Labs last week, can use it to direct members to its care services. "The treatment capabilities of our platform are different from many of the just biomarker testing companies," Hims chief medical officer Patrick Carroll told me. For example, Hims can identify and treat someone with a family history of heart disease directly on their platform. Many companies like to boast that they offer insight into over a hundred different health indicators, from users' blood sugar levels to their gut health. But when it comes to healthcare, data — no matter how much — are still not all that helpful until they are actionable.  "The problem isn’t there isn’t enough data in the EHR on every patient. It’s that they can’t get a complete data set, and they can’t surface the most pertinent information," Digital Medicine Society CEO Jennifer Goldsack said on a data sharing panel I moderated during our Health Tech Day this month.  Now that people have plenty of options, we expect that companies that can best help users interpret their health, and even translate the findings into action, will win out.  - Ngai

Here’s what’s new Lab testing startup Function Health raises $298M Series B Redpoint Ventures led the Series B, which boosted Function’s valuation to $2.5 billion, a rarity for health tech companies that sell directly to consumers. PBMs, FTC clash in court over agency’s in-house insulin challenge An at­tor­ney for the na­tion’s three ma­jor phar­ma­cy ben­e­fit man­agers told a fed­er­al ap­peals court on Wednes­day that the com­pa­nies would "un­ques­tion­ably" be harmed if FTC pro­ceed­ings against them are al­lowed to con­tin­ue.

HSA use plateaus A new survey from consulting firm Mercer found that enrollment in HSA-eligible health plans has plateaued in recent years. In 2025, 37% of covered employees were in one of these plans.

This week in health Тech A jury found Ruthia He, the former CEO and founder of telehealth company Done Global, as well as the company’s former top doctor guilty of conspiring to make money off of selling Adderall prescriptions for over 100,000 patients. Other former Done executives and clinicians have already pleaded guilty. Humana sued primary care chain ChenMed for allegedly improperly charging tens of millions in technology licensing fees on a clinic chain they both own. Former FDA Commissioner Scott Gottlieb has joined UnitedHealth Group’s board. “We welcome his deep expertise and thought leadership as we strive to help people live healthier lives and make the health system work better for everyone,” CEO Stephen Hemsley said in a news release. Arbiter raised $52 million to use AI to change healthcare operations. The startup, helmed by a former Lilly and Thirty Madison exec, is valued at $400 million.

John Carroll Editor & Founder Arsalan Arif Publisher & Founder Igor Yavych Architect & Founder Valentin Manov Creative Director Ryan McRae Chief Revenue Officer Amanda Florez Chief of Staff Drew Armstrong Executive Editor Liam Chua Chief Technical Officer Jaimy Lee Deputy Editor Lydia R. Pflanzer Deputy Editor Zachary Brennan Senior Editor Max Gelman Senior Editor Julie O'Meara Executive Director, Brand Partnerships Melissa Nazzaro Executive Director, Brand Partnerships