Milu Health Raises $4.8M for AI-Driven Health Savings Platform
Milu Health's $4.8 million seed round was led by Andreessen Horowitz (a16z) Bio + Health and included participation from BoxGroup, PagsGroup and 81 Collection.
Milu Health's $4.8 million seed round was led by Andreessen Horowitz (a16z) Bio + Health and included participation from BoxGroup, PagsGroup and 81 Collection.
Value-based care depends on keeping a total population of patients healthier and less in need of higher-cost services. To do so, organizations must be able to predict costs in advance, better understand patient risks, and manage the cost of services. Corporate healthcare is set up to do just that.
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.
Employers expect health benefit costs to increase 5.4% per employee on average in 2024, new data from Mercer shows. This is due to inflationary pressures and health system consolidation.
The major healthcare players have no incentive to bring costs down. Insurers, pharmacy benefit managers, and other healthcare interests profit by charging higher and higher rates. However, one entity has the scale and incentive to meaningfully lower costs: employer health plans.
Companies in every industry are now hiring a chief medical officer—an executive once found only in healthcare organizations—to implement and oversee programs that optimize employee well-being.
Researchers examined a program that paid workers between $25 and $500 for using price transparency tools and choosing a lower cost provider for 131 different elective medical services.