General Atlantic led the $110 million funding round, with participation from insurers Centene and AXA Venture Partners. Vida plans to use the funds to build out its network of clinicians, therapists and coaches.
Several healthcare entities that used Accellion's file transfer software now find themselves the victims of a data breach, including Trinity Health. The software had vulnerabilities that were exploited by cybercriminals, resulting in the exposure of personal health information.
Munck Wilson Mandala Partner Greg Howison shared his perspective on some of the legal ramifications around AI, IP, connected devices and the data they generate, in response to emailed questions.
Centene has rebutted the accusations made in a sealed lawsuit filed by the Ohio attorney general that accused the insurer of over-billing the state's Medicaid department. The lawsuit is based on a misunderstanding of how Medicaid billing operates and should be unsealed, Centene said.
The Ohio attorney general has filed a lawsuit alleging that a Centene subsidiary, which provides Medicaid services in the state, hired multiple companies to administer pharmacy benefits in order to inflate costs. As a result, the state's Medicaid department paid millions in overcharges.
The insurer will pay $95 per share in cash to acquire Magellan Health, a company providing an array of services, including pharmacy benefit management and behavioral health and employee assistance program services. The companies aim to develop a behavioral health platform.
A video from the conference spotlights startup pitches with Q&A from judges in the Health IT track of the Pitch Perfect contest.
At the Abarca Forward conference earlier this year, George Van Antwerp, managing director at Deloitte, discussed how social determinants of health and a personalized member experience can improve medication adherence and health outcomes.
With the new funds, the health data optimization and interoperability company will invest in product development. The latest funding round was led by Centene Corp.
During the height of the Covid-19 pandemic, all of the seven largest commercial insurers saw their profits rise, with some seeing their profits double. Will they have to pay some of it back?
Centene will expand its partnership with behavioral health startup Quartet Health to 32 states. The insurer became an investor in Quartet last year.
As insurers set premium rates for next year, many are working through the complicated math of how much Covid-19 will actually cost. It’s too early to say at this point, but these companies face another concern: how many Americans will lose their insurance if unemployment rates continue to rise?
We will highlight Build My Health's revenue practice management tools, which could help physician practices add up to $250,000 to their practices.
As unemployment rates soar, Centene expects an increase in membership in its health plans. The company offers ACA marketplace plans across several states, and is the top Medicaid managed care organization by market share.
Centene CEO Michael Neidorff said the company would bring in more than $100 billion in revenue after its acquisition of WellCare, which boosted its membership to 24 million. Centene still has yet to give guidance for the combined company in 2020, but expects to share those numbers in March.
The two health insurance companies signaled that they had met all regulatory requirements for the merger, including review by the Department of Justice. Centene plans to close the acquisition on Thursday.
The multinational cohort of investors was led by Saudi Arabia's sovereign wealth fund and included participation by global reinsurance company Munich Re, Swedish investment firm Kinnevik AB and Vostok New Ventures.
While the shareholder vote is a major milestone, the deal still needs to get the approval of an additional 22 state regulators.