Payer

By Aditi Pai December 8, 2014
Boston, Massachusetts-based employee benefits platform company Maxwell Health raised $26.4 million in a round led by Adams Street Partners with participation from Cambia Health Solutions, Schooner Capital, Brothers Brook, and Annox Capital. Existing investors Vaizra Investments, Tribeca Venture Partners, Catalyst Health Ventures, Serious Change, and Lerer Hippeau Ventures also contributed. This...
By Jonah Comstock December 3, 2014
Medigo, a Berlin-based medical travel startup, has raised $6.2 million (5 million euros) from Accel Partners. The company announced the funding at the same time as its US and UK launch, and will use the money to expand into additional markets. The company previously raised $2.4 million from Atlantic Internet and other angel investors, so this raise brings their total funding just shy of $9...
By Aditi Pai November 21, 2014
Nashville, Tennessee-based healthcare payment management company Emdeon has agreed to acquire Nashville-based price transparency company Change Healthcare for approximately $135 million cash upfront with an additional $50 million in potential earnouts. Change Healthcare has raised at least $34 million to date. Emdeon offers revenue management tools to providers, claims management tools to payors...
By Jonah Comstock November 11, 2014
Just in time for the start of open enrollment, a Utah health plan has devised a mobile app solution to the problem of convincing so-called "young invincibles" to sign up for health coverage: a gamified app they hope will educate users about the costs of being uninsured. Arches Health Plan is a 27,000-member co-op health plan funded by provisions in the Affordable Care Act. "We were on college...
By Aditi Pai November 11, 2014
HealthCare.com, not to be confused with the federal government's HealthCare.gov, raised $7.5 million from Jeffery H. Boyd, former CEO of Priceline, and Robert J. Mylod, former CFO of Priceline. The website helps consumers compare the cost of different healthcare plans. HealthCare.com offers comparisons of the state-based exchange plans, federal exchange plans and many private, off-exchange plans...
By Aditi Pai November 10, 2014
This weekend, HealthCare.gov was updated to include a new feature that offers consumers detailed information about health insurance plans offered in their area before they apply for health insurance. The update comes just five days before open enrollment begins on November 15. “Consumers can prepare for open enrollment by visiting HealthCare.gov and using the window shopping feature to see what...
By Jonah Comstock November 6, 2014
LifeNexus, a San Francisco-based startup looking to replace the traditional insurance card with either a smartcard or a mobile app, raised an additional $12.6 million in July, the company told MobiHealthNews. An SEC filing also appeared this week for an additional $1.5 million, which the filing indicates was part of a round begun in July. UPDATE: According to LifeNexus, "the 1.5M SEC filing...
By Jonah Comstock November 5, 2014
In May, Oscar, the New York-based individual-only insurance plan raised $80 million at close to a $1 billion valuation. That brought the company's total funding to $150 million. It's an impressive feat for a small startup attempting to compete in health insurance, which is so thoroughly dominated by huge legacy players. At IBF's Digital Healthcare Innovation Summit in Boston, Oscar co-founder...
By Jonah Comstock November 4, 2014
HealthLoop, the Mountain View, California-based doctor-patient communication startup, is looking for ways to make patient engagement pay. In addition to its recent team-up with a California malpractice insurer, the company has launched at least one payer pilot to try to demonstrate an ROI, founder Dr. Jordan Shlain reported at the Digital Healthcare Innovation Summit in Boston. They're also...
By Brian Dolan November 3, 2014
Aetna has agreed to acquire Chicago-based bswift, which offers a technology platform that powers health insurance exchanges, for approximately $400 million. The company, which has about 380 employees will remain a separate business within Aetna led by its current team. Bswift raised about $51 million from Great Hill Partners earlier this year. “Bswift’s consumer-friendly technology for benefits...