Payer

By Jonah Comstock 09:07 am 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 07:20 am 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 09:38 am 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 07:43 am 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...
By Aditi Pai 08:26 am October 30, 2014
Iagnosis, parent company of virtual visit skin care company DermatologistOnCall, announced that starting in 2015, health insurance company Highmark will cover web-based dermatologist visits for its commercial members in Pennsylvania, West Virginia, and Delaware. "We need to make sure our members get the right care in the right setting, and telemedicine is a key tool to help make that setting more...
By Jonah Comstock 09:41 am October 29, 2014
MIEC, an Oakland, California-based medical malpractice insurer, has teamed up with HealthLoop to turn the startup's mobile and web-based communication platform toward a new use-case: decreasing the number of malpractice claims brought against a doctor or hospital. "It is well known that most litigation cases are not due to actual malpractice or 'bad surgeons,' but rather because patients felt...
By Aditi Pai 09:47 am October 28, 2014
Bellevue, Washington-based employee engagement platform Limeade raised $25 million in a round led by Oak HC/FT Partners. This brings the company's total funding to $34 million. Limeade will use the funds to expand its platform and launch new products in the employee wellness space. In the past two years, Limeade's staff size has grown 300 percent to keep up with its revenue growth, the company ...
By Aditi Pai 08:27 am October 15, 2014
Denver, Colorado-based Welltok raised $25 million in a round led by Bessemer Venture Partners (BVP). The company hopes to raise another $12 million by the end of this year. The $25 million brings the company's total funding to at least $72.7 million. (Correction: This article originally misstated the additional amount Welltok plans to raise this year.) Existing investors include IBM's Watson Fund...
By Aditi Pai 08:45 am October 14, 2014
Cigna has developed a digital health coaching program, called Cigna Health Matters, that offers mobile tools, social media engagement, gamification, and web-based incentives. The program is available for Cigna's 14 million US members on employer health plans. “Cigna Health Matters integrates the latest insights and practices of the sociology of engagement, motivation and rewarding behavior change...
By Jonah Comstock 10:17 am October 10, 2014
This week, a Massachusetts law went into effect requiring health insurers to make realtime cost information publicly available, an unprecedented move. As WBUR reported recently, the initiative has already started to shine light on some galling price discrepancies for procedures like MRIs, surgeries, and lab tests (for instance, an MRI in Boston ranges from $614 to $1,800 with no discernible...