February 4, 2021
Short seller calls out Clover Health. Hindenburg Research, a short seller that describes itself as a specialist in forensic financial research, published a report criticizing Clover Health's business and alleging that the Medicare Advantage insurtech company has not disclosed active investigations by the Department of Justice.
Hindenburg – which said that it does not have positions for or against...
January 7, 2021
Alexa, listen to me sleep. Hot on the heels of its Halo fitness, weight and sleep wearable, Business Insider reports that Amazon is also working on a contactless bedside device for tracking sleep apnea. The device in development reportedly uses millimeter-wave radar to watch breathing and movement. Codenamed "Brahms," the tracker is roughly the size of a palm, and would speak with other connected...
December 30, 2020
Through all of this year’s tumultuous ups and downs, one trend that has remained unstoppable – and has even accelerated – is the healthcare sector’s adoption of technology.
For years, MobiHealthNews has covered the payer space as it continually pushes further into the world of digital health, and 2020 proved no different. From traditional insurers embracing technology to massive expansions of...
October 6, 2020
Clover Health, an insurtech company for Medicare Advantage plans, will become publicly traded through a merger with special purpose acquisition company (SPAC) Social Capital Hedosophia Holdings Corp. III.
The two companies will combine through a mix of cash financing and stock, according to the announcement. The deal rates Clover at an enterprise value of about $3.7 billion and is expected to...
September 20, 2019
The US is wading into election season, and once again the healthcare system is a prime focal point for each campaign. And although the subject of “Medicare for All” was certainly present back in 2016, movements to overhaul the country’s insurance industry have gained some steam among voters over the last few years and now command considerable airtime during debates between presidential hopefuls....
July 10, 2019
Clover Health, an Alphabet-backed insurtech startup serving the Medicare Advantage market, announced this morning the launch of a new subsidiary unit that will be focused on using data from its members to drive drug development.
Much like its parent company uses machine learning and artificial intelligence to generate predictive health insights for its member population, Clover Therapeutics will...
March 28, 2019
Editor's note: A previous version of this article stated that a billing incident involving Clover Health occurred last year, rather than in 2015. This has been corrected below.
Clover Health, an Alphabet-backed insurtech startup focusing on the Medicare Advantage market, is restructuring its internal teams in an attempt to bring on healthcare insurance and health IT expertise, the result of...
February 4, 2019
Dr. Karen DeSalvo, formerly an acting assistant secretary for health at the Department of Health and Human Services and the chief of the Office of the National Coordinator for Health Information Technology, has joined digital venture platform LRVHealth as an executive advisor.
“My entire career has been focused on improving the health of people and communities by catalyzing solutions to address...
January 30, 2019
Clover Health, an insurtech startup targeting the Medicare Advantage market, will close a new round of funding within the next couple of weeks led by Greenoaks Capital, Clover CEO Vivek Garipalli announced in a Medium post yesterday. TechCrunch reports that the upcoming round will be valued at $500 million, although a representative of the company who confirmed the funding to MobiHealthNews said...
January 3, 2018
NHS set to offer AI system free to all hospitals. The BBC is reporting that new AI systems for interpreting cardiac and lung scans could save England's National Health Service a billion pounds. The cardiac system, called Ultromics, was developed at Oxford's John Radcliffe Hospital. It checks radiology scans for signs of heart disease and will be offered to hospitals starting this summer. The...