The idea is to harness the power of digital tools and cloud-based systems to create solutions that understand the root cause of healthcare needs, which will ultimately revolutionize care delivery, improve outcomes and reduce costs.
UnitedHealthcare recently launched UHC Hub, which helps self-funded employers manage multiple health solutions and employees gain access to these solutions.
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It's difficult for employers to work with multiple point solutions that target very specific populations, investors said during a panel discussion. Instead, many investors are more interested in platform-based solutions that support more people.
Solera Health recently launched HALO, a platform that allows payers and employers to manage both Solera point solution partners and non-Solera point solutions in one place.
For employers, it’s like having to buy a different cell phone for each contact. And for the consumer, navigating all the different digital platforms, the log-ins, the various apps – it’s a nightmare.
Employers are most interested in switching up their vendor partners for wellbeing programs, the Willis Towers Watson survey found. About 55% of respondents said they will make changes to their wellbeing vendor partners in 2023 or 2024, while 12% already did in 2022.
Patient expectations continue to evolve, and healthcare practices that fail to adapt risk more than just revenue—they risk losing trust.
One’s bank, for example, doesn’t ask a customer to download and mange three different apps for checking, savings and loan accounts. Today more than ever, “screen creep” is setting in amidst an increasingly frustrated healthcare consumer base.
A new venture capital firm named HC9 Ventures recently launched and announced the close of a $83 million fund. It is led by three healthcare industry veterans, and its more than 125 investors are "intentionally and only healthcare executives,” according to HC9 Co-Founder Richard Lungen.
Employers are having a difficult time navigating all the point solutions in healthcare. But it's not necessarily a bad thing, as its generating more competition and forcing companies to get creative. Several experts discussed the topic at MedCity's Invest Digital Health conference.