Pediatric virtual behavioral health company Brightline has announced a second round of layoffs in less than a year, again affecting 20% of its workforce.
The California company laid off 20% of its workforce in November, months after announcing an additional $10 million raise, bringing its total Series C funding to $115 million.
“As we continue to expand our team of therapists, psychiatric service providers, coaches and member support workers, including the hiring of a new clinical director, Dr. Myra Altman, to enable us to meet the growing demand across the country for our services, we have also made the decision to reduce our non-member corporate team. This decision was not made lightly, and while incredibly difficult, it will ultimately allow us to better serve our clients and provide even more families with the mental health support they deserve.” said a Brightline spokesperson. MobiHealthNews in an email.
THE GREAT TREND
Last month, Brightline announced that it was affected by its third-party provider Fortra’s data breach on its file transfer services. The virtual care provider filed nine notices in April with the Department of Health and Human Services’ Civil Rights Office, which said at least 964,300 people have been affected so far.
Potentially compromised information includes names, member identification, addresses, date of health plan coverage, dates of birth, and names of employers.
In addition to its $10 million Series C raise in 2022, Brightline received a huge $105 million in funding. It has also launched a virtual coaching program for parents and caregivers of children at risk for or diagnosed with autism spectrum disorder (ASD).
The increase came less than a year after Brightline announced it had brought $72 million in Series B funding.
Post source: Mobi Health