Too often, the very systems meant to provide flexibility and control are undermined by delayed reimbursements, fragmented data, and a lack of transparency across the ecosystem. Solving this isn’t about tweaking the status quo, it requires a full redesign.
In healthcare, Softbank has invested in a number of mainly biotech-focused companies including Relay Therapeutics, Roivant Sciences and Zymergen.
How Zelis hopes to solve the healthcare financial system for payers and providers.
Level largely functions as a third-party administrator for employers it helps transition to a self-funded model. Where Level differs from most TPAs is that the company operates and manages its own network of providers, in addition to providing claims processing and other administrative functions.
Michael Yang spent nearly a decade at Comcast Ventures helping to build a West Coast investment presence for the Philadelphia-based company. Now he's charged with a similar mission for a $71 billion Canadian pension plan.
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.