What is Nomi Health? USA TODAY spent months investigating the Utah startup that has rapidly expanded thanks to COVID-19 and political connections.
says the company shipped testing reagents for the monkeypox virus to an unnamed international distributor.The three companies and executives tied to Co-Diagnostics for the testing financially thrived during and after the pandemic, though Domo and Qualtrics already had a national presence with other customers.
► Qualtrics founder and executive chair Ryan Smith's compensation in 2019 totaled $142.9 million, mostly from stock awards. Total compensation dipped to $509,000 in 2020 but jumped to $540.5 million in 2021 as the company went public, with 99.9% comprised of stock awards. Smith also made $153 million after the firm went public in late January 2021 – one month after he bought the NBA's Utah Jazz.
Newman said profits for his company, Nomi, headquartered in Orem, Utah, just north of Brigham Young University, were in line with other health care companies. Nomi and its collaborators were among the myriad of companies across the U.S. that made millions of dollars during the pandemic as governments issued lucrative, emergency contracts starting in March 2020.
But Hickey said that once the economy rebounded, those executives recaptured their lost pay and then saw increases in 2021 and this year in bonuses and stock grants. Cori Watkins of Lincoln, Neb. worked as a nurse for Nomi Health for several months before quitting because she was so frustrated by the lack of professionalism."They were throwing out money like it wasn't theirs," Watkins said in an interview with USA TODAY this spring."At the beginning of it, they had lots of money and a lot of people got rich."