Healthcare

Profound Medical Cuts Q2 Net Loss 39% as $3.1M Revenue Slips to Q3

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Profound Medical Cuts Q2 Net Loss 39% as $3.1M Revenue Slips to Q3

Toronto – October 12, 2026 -- Profound Medical Corp. (NASDAQ:PROF; TSX:PRN) cut its second-quarter 2026 net loss 39% to about $9.5 million, or $0.26 per share, from $15.7 million, or $0.52 per share, a year earlier. Operating expenses fell 16% to about $13.0 million, and the company reiterated its full-year revenue guidance of about $25.0 million.

Shipment delay pushes $3.1 million of TULSA revenue into July

Q2 revenue was about $2.5 million, up 12% year over year. Recurring non-capital revenue from single-use devices and extended-warranty services contributed $1.6 million, and capital equipment sales added $871,000.

About $3.1 million of TULSA product shipments expected in the final week of June went out in July and will be recognized in Q3. Excluding the delay, Q2 revenue would have been about $5.6 million, or 153% growth. The company attributes the slip to a logistics issue, not weaker demand, and says the issue is resolved.

Profound Medical Names Sobczyk Interim CFO as Dewan Steps Down

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Profound Medical Names Sobczyk Interim CFO as Dewan Steps Down

Toronto – – October 12, 2026 -- Profound Medical Corp. (NASDAQ:PROF; TSX:PRN) replaced its chief financial officer effective immediately, promoting Corporate Controller Matthew Sobczyk to Interim CFO after Rashed Dewan stepped down from the role.

Sobczyk, a 2020 hire, takes over the finance function

Sobczyk first joined the interventional MRI (iMRI) company in 2020 and moves up from Corporate Controller. The company did not name a permanent successor or give a timeline for a CFO search.

Dewan stays on a short-term consulting contract

Dewan will remain with Profound under a short-term consulting contract to support the handover. CEO and Chairman Arun Menawat thanked him for his years of service and his contributions to the company.

AnX Robotica: ProScan Cut Capsule Review Time 88.6% in FDA Filing

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AnX Robotica: ProScan Cut Capsule Review Time 88.6% in FDA Filing

Plano, Texas – October 11, 2026 -- AnX Robotica said its NaviCam ProScan AI reading technology cut mean small-bowel capsule endoscopy review time by 88.6% in the study underlying its FDA De Novo clearance, against a 24.7% reduction reported for a competing AI-assisted platform cleared on September 25, 2026.

FDA names ProScan as primary predicate for the new clearance

The FDA's 510(k) clearance K254230 identifies NaviCam ProScan (DEN230027) as its primary predicate device. Both products assist clinicians reviewing small-bowel capsule endoscopy studies. ProScan received its De Novo decision on December 12, 2023.

India Mental Health Alliance Embeds Lived Experience in Care Design

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India Mental Health Alliance Embeds Lived Experience in Care Design

New Delhi – October 09, 2026 -- The India Mental Health Alliance (IMHA), a network of 400 organisations across 30 Indian states, is building a shared Knowledge Hub and has published a 11-author anthology to make lived experience a formal input into mental healthcare design and delivery.

IMHA reached 3,380 professionals in 135+ cities over two years

Over the past two years, the alliance engaged 3,380 mental health professionals across more than 135 cities. It mobilised member organisations to build collective capacity, share knowledge and embed lived experience expertise in care design and practice.

The announcement coincides with World Mental Health Day on October 10.

Knowledge Hub will pool clinical, lived and academic evidence

IMHA is developing a co-curated Knowledge Hub that collects practitioner insights, field lessons, clinical and lived experience expertise, and academic research grounded in local Indian contexts.

Cigna Group to Report Q3 2026 Results on November 5

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Cigna Group to Report Q3 2026 Results on November 5

Bloomfield – – October 09, 2026 -- The Cigna Group (NYSE:CI) will release its third quarter 2026 financial results no later than 6:30 a.m. ET on Thursday, November 5, 2026, giving investors two hours before management takes questions on a conference call.

Cigna schedules management call for 8:30 a.m. ET on results day

Management will review the quarter's results on a conference call starting at 8:30 a.m. ET on November 5. The company recommends that participants dial in by 8:15 a.m. ET.

Cigna sets 14-day replay window through November 19

A replay will be available from 12:30 p.m. ET on November 5 until 10:59 p.m. ET on November 19, 2026. A live internet webcast, in listen-only mode, will run through the Investor Relations section of the company's website.

The earnings news release and financial supplement will be posted in the same Investor Relations section no later than 6:30 a.m. ET on the day of the release.

AblePay Health Secures $20M Series A Led by F-Prime

Allentown, Pa. – – October 07, 2026 -- AblePay Health has closed a $20 million Series A financing round led by F-Prime, with participation from A1 Health Ventures and .406 Ventures, to expand its healthcare payment platform for patients and providers.

Out-of-pocket medical costs hit $591 billion in 2025, up 6% year-over-year

According to the Centers for Medicare & Medicaid Services, Americans paid $591 billion out of pocket for healthcare in 2025, a 6% increase from the prior year. The rising burden leaves providers more exposed to patient payment risk, tying revenue cycle performance directly to patients' ability and willingness to pay.

Therap Draws 1,000+ to Virtual Event on Medicaid Fraud Risks

Torrington, Conn. – October 07, 2026 -- Therap Services hosted a virtual event, "Program Integrity for States and Providers: How to Identify and Avoid Fraud, Waste, and Abuse," drawing more than 1,000 registrants including state directors, agency administrators and CEOs across the IDD, HCBS and LTSS sectors.

Virtual Event Draws Over 1,000 Registrants Amid Rising Medicaid Scrutiny

The session addressed evolving Medicaid compliance requirements and strategies to identify and avoid fraud, waste, and abuse (FWA). Presenters covered the changing Medicaid and HCBS regulatory landscape, state enforcement trends, the 2027 Medicaid Employment Mandate, and provider enrollment moratoriums.

Highbar Physical Therapy Opens 57th Clinic in Milford, Mass.

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Highbar Physical Therapy Opens 57th Clinic in Milford, Mass.

Milford, Mass. – October 07, 2026 -- Highbar Physical Therapy opened its 57th outpatient clinic in Milford, Massachusetts, expanding a network that began as a single Pawtucket, R.I. practice in 1999.

Clinician-led chain traces roots to 1999 Rhode Island clinic

Highbar started as Performance Physical Therapy in Pawtucket before adopting the Highbar name in 2023. The organization now operates 57 locations across Rhode Island and Massachusetts under four brands: Highbar Physical Therapy, Joint Ventures Physical Therapy, Peak Physical Therapy, and Physical Therapy U.

CEO frames Milford launch as continuation of uniform clinical standard

"Milford is our 57th location, and the standard is the same in every clinic," said Michelle Collie, PT, DPT, MS, CEO of Highbar Physical Therapy. Brian Simons, PT, DPT, NCS, Clinic Director at the new Milford site, said the goal is "expert, individualized care close to home."

360 Orthopedics First in Florida to Earn Workers' Comp COE Status

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360 Orthopedics First in Florida to Earn Workers' Comp COE Status

Sarasota – October 07, 2026 -- 360 Orthopedics has become one of the first orthopedic practices in Florida to receive the Center of Excellence (COE) designation for workers' compensation care, a credential tied to measurable standards in access, documentation and return-to-work coordination.

Designation targets delays that drive up claim costs for employers and carriers

The COE evaluation assesses five operational areas: timely orthopedic evaluation and treatment, accurate medical documentation, communication among patients, employers, adjusters and nurse case managers, coordination of authorizations and follow-up care, and structured return-to-work planning. For employers and insurers, process delays in any of these areas can extend time away from work and increase claim complexity and cost.

ED Volumes to Rise 6% Over Decade, Medicus Report Warns

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ED Volumes to Rise 6% Over Decade, Medicus Report Warns

Windham, N.H. – October 07, 2026 -- Emergency department volumes in the United States are projected to grow 6% over the next decade, intensifying pressure on an already strained emergency care system, according to a new report from Medicus Healthcare Solutions.

Medicus releases 2026 edition of national emergency medicine workforce report

The locum tenens and healthcare workforce solutions company published "A System Under Strain: Rising Demands in Emergency Medicine," a data-driven analysis combining national statistics, industry research, and proprietary insights into physician staffing patterns.