Bind Benefits, Inc. announced today that its personalized health plan will be offered on a fully-insured basis to employers with more than 50 employees, launching immediately in the state of Florida. Bind filed for approval to provide its fully-insured offering in Ohio, Texas, Virginia and Wisconsin—with intent to file in dozens more states in 2020 and early 2021.
“Until now, poor insurance design forced employers to choose between meeting budgets and offering quality benefits that employees and their families could actually afford. We fundamentally lost sight of the purpose of insurance and the role of consumers in making informed choices about how they obtain and pay for care,” said Bind CEO Tony Miller. “Bind innovation changes the cost curve for both employers and employees—something the fully-insured market urgently needs.”
When Investment Rhymes with Canada
Canada has a proud history of achievement in the areas of science and technology, and the field of biomanufacturing and life sciences is no exception.
Formed in 2016, Bind believes people deserve to see treatment options and compare costs in advance of care, so they can make informed choices that meet their personal needs and conditions. With its entirely new model of health insurance design, Bind gives people something they’ve never experienced with health insurance—cost certainty and coverage flexibility with no deductible or coinsurance.
To read the full press release, click here.
Seven Bridges, the industry-leading bioinformatics ecosystem provider, announced enhancements to its automation portfolio that will make the running of multi-omic analysis workflows a more intuitive, user-friendly experience for a wider mix of end-users with varying levels of expertise. Specifically, the introduction of the new RHEO Visual Interface means computational biologists and developers can now work within the same secure, cloud-compliant environment.
Health Benefit Consultants, Share Your Expert Insights in Our Survey
Share some of the trends you are seeing among your clients across healthcare, including chronic conditions, behavioral health, healthcare navigation, and more.
This latest enhancement to the company’s automation portfolio allows a broad range of users with differing skill sets to benefit from the technology’s push-of-a-button simplicity when running workflows and extracting essential information. The RHEO™ Visual Interface – distinct for its ability to completely auto-generate a visual interface from a developer’s automation script – is part of the Seven Bridges RHEO™ product portfolio, the newly branded name for what was previously marketed as Automation Tools and Services.
“As precision medicine continues to evolve, exploratory bioinformatics is becoming even more specific and complex,” said Bill Moss, CEO, Seven Bridges. “At the same time, the community of researchers continues to grow – which means that the need to bring simplification and reproducibility to the process of complex multi-omic analytics is intensifying. In making these enhancements to the Seven Bridges RHEO™ product portfolio, our goal is to empower this emerging population of users so they’re better able to accelerate discovery and optimize the commercialization of novel medicines.”
The new RHEO Visual Interface complements the existing command line interface (CLI) for automations that was released last year.
Babson Diagnostics raised $13.7 million in cumulative Series A funding, led by Siemens Healthineers, Prism Ventures, Genesis Merchant Capital, and Lago Consulting Group. Incubated at Siemens Healthineers and developed in partnership with Becton Dickinson, the company’s developed a blood testing technology. Its Covid-19 antibody test received FDA emergency use authorization in June. Click here to read more.
Papa, a senior services provider, has closed an $18 million Series B round led by Comcast Ventures. Other investors in this round include: Canaan, Initialized Capital, Sound Ventures, Pivotal Ventures with Magnify Ventures, Behance Founder, CPO of Adobe; Scott Belsky, the founders of Flatiron Health and their group Operator Partners, and other high-profile investors. The company connects seniors and their families with “pals” who offer companionship and assistance with day to day tasks. Click here to read more.
Picture: akindo, Getty Images
