New York City-based startup Annum Health (Annum) recently announced it is ending its operations. According to the organization’s website, the dissolvement officially took place as of January 31.
The closing of Annum’s operations comes just two months after its announcement last November that it would be collaborating with Cigna to combat alcohol related-disease. The partnership made Cigna the first health service organization to pilot Annum’s digital addiction disorder treatment program, which kept employee’s participation in it confidential. According to a statement from Annum CEO and co-founder, Michael Laskoff, the decision to end Annum’s operations was due to an irreparable unforeseen change in the organization’s financial circumstances.
Annum Health sought to create and bring to market a more effective solution to engage and treat the many millions of consumers who struggle with heavy drinking. Annum states that it is proud to have contributed to the growing dialogue among large employers and health plans seeking better ways to help employees and families address the issue of alcohol-related addiction disorder.
This was reported by Med City News on January 30, 2019.