Payer

By Jonah Comstock August 9, 2017
A new survey from the National Business Group on Health says telehealth offerings by employers are becoming nearly universal: Next year, 96 percent of employers plan to offer telemedicine services to employees, up from 90 percent this year. NBGH polled 148 large employers for the survey. NBGH has been doing this study for four years now, and the progression has been steep, with employers...
By Jonah Comstock August 9, 2017
Buoy Health, makers of a machine learning-powered next generation symptom checker, has raised $6.7 million in a round co-led by F Prime (the venture arm of Fidelity) and an undisclosed strategic investor in the payer space. FundRx and various angel investors also contributed. "The unfortunate thing about trying to use Google [for symptoms] is the information you find is the information you find...
By Jonah Comstock August 4, 2017
Castlight Health’s $135 million acquisition of Jiff in January was not just a merger. It was a strategy shift, even an identity change for the company— from a healthcare cost transparency vendor to a comprehensive employee wellness company. On the company’s second quarter earnings call, CEO John Doyle updated investors on that transition. “In our view, the new Castlight is the only health...
By Jonah Comstock July 27, 2017
Sempre Health, a San Francisco-based company that uses monetary incentives to encourage timely prescription refills, officially launched last week with $2.5 million in funding from Social Capital Partnership, quietly raised last year. Using SMS, Sempre works with pharmacy benefit managers to inform patients about discounts on their prescriptions — and then those discounts change to incentivize...
By Jonah Comstock July 26, 2017
This quarter, news about payers was dominated by two kinds of stories: high-profile digital health partnerships for health plans and legislative efforts on the government payer side. Read on for our roundup of payer news from Q2 2017. Large health insurer news On the digital health side, we didn't hear quite as much from health insurers this quarter as we normally do, but there were some...
July 6, 2017
The U.S. Department of Veterans Affairs Midwest Health Care Network signed a collaborative agreement with the Air Force Medical Operations Agency, to provide five military treatment facilities with access to the VA’s Tele-ICU capabilities, the VA announced this week. The agreement covers Air Force patients in Las Vegas; Hampton, Virginia; Biloxi, Mississippi; Dayton, Ohio; and Anchorage, Alaska...
By Jonah Comstock June 27, 2017
London-based BioBeats has signed a distribution agreement with European health insurer AXA PPP that will put its app, Hear and Now, into the hands of tens of thousands of employees at companies like JP Morgan and KPMC. "Hear and Now" is designed to help employees cope with work stress. It monitors a user’s heart rate and respiration while providing the user with mindful breathing exercises to...
By Jonah Comstock June 21, 2017
Oscar Health plans to expand the reach of its innovative, tech-savvy insurance plan into six states in 2018. Pending regulatory approval from the states, the move will include the service's return to New Jersey, where it pulled out last year, expansions in existing markets, and brand new launches in Tennessee and Ohio (via the previously announced Cleveland Clinic partnership). It's a...
By Mike Miliard June 20, 2017
Aledade is joining forces with UnitedHealthcare, marking its first accountable care program for Medicare Advantage plan members – more than 15,000 of whom could participate in the new initiative. Aledade – which was founded three years ago this month by former National Coordinator for Health IT Farzad Mostashari, MD – will work with UnitedHealthcare in Arkansas to put technology and clinical best...
By Susan Morse June 16, 2017
Cleveland Clinic is venturing into the health insurance business for the first time with Oscar Health. The organizations announced this week they will offer co-branded health insurance plans to consumers in northeast Ohio, marking Cleveland Clinic's first entrée into the payer market with a product bearing its name. The health plans are expected to be sold on the Ohio health insurance exchange as...