The companies will build their claims processing platform on Google Cloud's infrastructure, leveraging artificial intelligence and machine learning capabilities. The goal of the collaboration is to improve patient and provider experience and reduce spending on administrative processes.
Though the Medicare Advantage-focused insurance technology startup is smaller than rivals like Clover Health in terms of membership and revenues, this latest financing round places it ahead of, or at least on par with, several larger competitors with regard to total funds raised.
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.
Brave Care leverages its technology and data platform to provide primary and urgent care for children. It provides care remotely and through its five brick-and-mortar clinics, which it plans to expand to 100 in the next few years.
The company, launched by SSM Health, Presbyterian Healthcare Services and Intermountain Healthcare, aims to create a marketplace for digital tools similar to the application stores on smartphones so that health systems can test and implement new solutions in weeks rather than months.
Truveta, a company owned by 17 U.S. health systems, will build its data analytics solution on the Microsoft Azure cloud computing platform. Microsoft will also help the company scale the solution globally and engage new customers.
The company, which helps health systems operate virtual care programs through its platform, will use the new funds to scale its go-to-market efforts, invest in the development of new capabilities and hire new employees.
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.
Unite Us will integrate NowPow's tools and community partners into its closed-loop referral system, which can be used to screen for social factors that negatively affect health, like food or housing insecurity, and then electronically refer patients to resources in their community.
Through the partnership, Ochsner Health's Medicare Advantage patients will gain access to Bold's platform, which assesses current fitness levels to create a personalized exercise program for users.
The NowPow referral platform, which is integrated into the New Jersey-based health system's EHR, will enable clinicians and other care team members to provide patients — whose socioeconomic conditions are negatively affecting their health — with referrals to community resources, like food banks or rental assistance.
The company — which has raised $16 million in total since its inception in 2019 — will use the new funds to enhance its health plan recommendation technology and expand its local Medicare agent network in Arizona and Texas.
We will highlight Build My Health's revenue practice management tools, which could help physician practices add up to $250,000 to their practices.
Launched by 14 health systems in February, the data analytics company building a repository of de-identified data will use the funds to develop its platform that aims to support clinical decision making and drug development.
The health technology company offers a platform that enables clinicians to more quickly and accurately complete specialty drug enrollment processes. The goal is to simplify the administrative burden on providers and get patients quicker access to the medications they need.
Despite recording a net loss of $87 million in Q1 2021, the insurance startup's leaders are optimistic about future growth, especially in light of the launch of +Oscar. A platform business, +Oscar generates revenue by making the company's technology stack available to providers and payers.
The company is planning to use the newly raised funds to scale its remote patient monitoring solution, which integrates data from wearables and patient-reported symptoms to give clinicians a virtual view into patients' health at home. The company's plans also include doubling its workforce this year.
Appriss Health, which provides behavioral health insights to clinicians, plans to purchase care coordination solutions provider PatientPing for an undisclosed sum. The deal is expected to close within the next two months, but the combined company's first steps are still being decided.