Olive did not respond to a request for comment. Last July, it laid off 450, or what then represented roughly 31% of the company.Earlier this month, Olive laid off 215 employees, or about 35% of its workforce, leaving roughly 630 employees.Rotera, a health automation startup built out of the company's venture arm, is currently led by former Olive vice president Erick McKesson.įlashback: Olive's ranks once topped 1,400 people.The remaining solutions displayed are UM and ARC. Those tools are no longer advertised on Olive's website.That divest included the company's tools for population health management and the Medicaid and Medicare drug discount program known as 340B. it would be premature to discuss specific potential buyers."Ĭatch up fast: Olive last fall outlined plans to sell a different set of assets to sibling company Rotera in exchange for a revenue share. He added that while the company has "had conversations with interested parties.What's next: Lane said in the memo that the timing of the transaction "varies and is dependent on a number of factors." Payer customers who were previously using Olive's claims and remittance product, known as clearinghouse, would remain with the company, per Lane's memo.Where it stands: Should the deal be finalized, the bulk of Olive's remaining business would include Autonomous Revenue Cycle (ARC), its provider-facing tools for prior authorization, notice of admission, claim status coverage identification, and eligibility, per one current and three former employees. That would impact about 100 people, a current employee says.Should the deal go through, Olive's payer-facing UM sales team would also "transition to the buyer," the memo read."We are starting the process of divesting our Utilization Management solution and the team that supports it," Olive CEO Sean Lane wrote in a February 2023 memo to employees viewed by Axios. Click on the name to head to the product page, read reviews and check prices or skip ahead to the list of shot timers. I list the best choices in terms of value, performance, design, and cost. Why it matters: Olive has been shrinking since facing questions about its software's efficacy, multiple executive departures, a previous asset sale, and two major layoffs.ĭetails: Olive intends to sell Utilization Management (UM), its payer-facing prior authorization business that comprises tools for speeding the mostly manual process of greenlighting treatment. Below is my list of the best shot timers for 2022. Large, easy to read lighted graphics LCD displays full words and description of functions.Health care automation startup Olive AI plans to sell one of the two remaining business lines advertised on its website, per current and former employees and an internal company memo seen by Axios.Review four shots at once, forward or reverse with split times.Powered by one 9 volt alkaline battery (not included) for approx.Display position is readable from your belt or the bench.Large clothespin style belt clip fits over your shooting belt.Turns off automatically after 10 minutes of inactivity or by pressing a button.1.5kHz start buzzer frequency transmits well through hearing protection.Size fits nicely in your hand with the start button on the side.Requires one 9 volt alkaline battery for operation. The Pocket Pro II measures shot time intervals for personal practice and scoring matches! All the features you want in a user friendly design.
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