Health Care Service Corporation, the fifth largest commercial insurer in the U.S., will offer Collective Health’s benefit navigation platform to its self-funded customers next year. HCSC also led a $280 million funding round in the company.
In healthcare, Softbank has invested in a number of mainly biotech-focused companies including Relay Therapeutics, Roivant Sciences and Zymergen.
The future looks bright for the integrated specialty pharmacy model – for health systems, providers, and most importantly, for patients.
The appointment of Grand Rounds Chief Medical Officer Ami Parekh fits with the company's broadened mission and ambitions to become a health navigator for the employer market.
While healthcare costs for employees have risen around 5 percent for the past few years, Collective Health clients actually saw their medical trend decrease by 0.3 percent from 2016 and 2017.
A panel of industry experts at the MedCity ENGAGE conference went over the ways in which payers are out of touch with patients and how they can improve engagement and trust.
At MedCity ENGAGE in San Diego next month, a group of experts will weigh in on how health insurers can be better innovators and help their members have more meaningful experiences.
As technology advances, AI-powered tools will increasingly reduce the administrative burdens on healthcare providers.
In 2018 alone, ten companies have inked mega-deals of more than $100 million including Livongo, 23andMe and American Well.
Uber has launched Uber Health, a service that allows healthcare organizations to order rides for patients to get to and from appointments. The offering is HIPAA compliant, and patients don't need the Uber app or a smartphone to utilize it.
The company secured strategic investment from Sun Life Financial and added a new backer -- United Arab Emirates sovereign wealth fund Mubadala Ventures. Other investors included NEA, Founders Fund, GV, and Maverick Ventures.