cost transparency

By Jonah Comstock November 9, 2017
Rightway Healthcare, which provides patient-facing care navigation tools to employee populations, has raised $2 million in seed funding. The round was made up by individual investors. The company works with both self-insured and fully-insured employers to help employees understand and utilize the health benefits available to them, through what CEO and Cofounder Jordan Feldman describes as an “...
By Jonah Comstock September 6, 2016
The problem of bias is one of the potential pitfalls of creating a healthcare price transparency tool. If the tool is offered by an insurer or a hospital, consumers might not trust that the data is fair and accurate, rather than intended to drive them to a particular provider.  Fair Health, which recently launched a new consumer-facing app in the state of Connecticut, has an advantage in this...
By Jonah Comstock May 24, 2016
Sandy, Utah-based SilverVue has received an undisclosed round of funding led by Pritzker Group Venture Capital and GE Ventures, with participation from Epic Ventures. “Empowering patients to make more informed decisions about their medical care is more than our business, it’s our passion,” Will West, CEO and founder of SilverVue, said in a statement. “Hundreds of healthcare providers have...
By Jonah Comstock May 8, 2014
Just a few months into its life as a publicly traded company, Castlight Health had a good first quarter since its $180 million offering. The company added 29 new customers this quarter, three times as many as any previous quarter, the company announced on its first ever earnings call since going public in March. "With the capital resources we received in the IPO, we believe that Castlight is very...
By Aditi Pai February 3, 2014
Cost transparency company Castlight Health has filed paperwork for an initial public offering with the SEC, according to a report by Dan Primack over at Fortune. The report also says Castlight is expected to seek a valuation upwards of $2 billion. Goldman Sachs is slated to lead the offering and Morgan Stanley is expected to serve as underwriter. The company's IPO has been expected for just under...
By Aditi Pai January 30, 2014
As a trend, healthcare price transparency has started off strong this year. In a recent interview, price transparency tool Medlio's CEO David Brooks told MobiHealthNews people are no longer on preferred provider organization plans as much as they have been in the past. As a result, instead of simply paying a copay, users are now on high deductible health plans and are starting to care more about...
By Aditi Pai January 15, 2014
Durham, North Carolina-based Medlio has launched its virtual insurance card app, available on iOS and Android platforms. The app currently enables users to see their health insurance benefits information, including as co-pays and deductible balances; a map to find doctors, hospitals and pharmacies near the user's location; an appointment check-in service on the app; and another portal to pay for...
By Jonah Comstock February 25, 2013
Triple Tree Associate Joe Long Minnesota investment banking firm Triple Tree has released a report about the rise of consumerism in the healthcare industry. The company says the industry is becoming less like a traditional healthcare system and more like a retail environment, with B2B2C, or business-to-business-to-consumer, business models becoming the dominant format. "Viewed through the lens...