The new benefit flexibility combined with the rapid digital development of the healthcare industry puts the Medicare Advantage plan in an exciting position to create meaningful rewards and incentive programs that enable members to take action.In a recent presentation at the Strategic Solutions Network Medical Insurance Market Innovation Forum, Melissa Smith, Executive Vice President of Consulting and Professional Services Healthy mine, Shared how her team of experts helped the program inspire healthy behaviors supported by digital participation to achieve its quality and membership goals.
To watch a replay of the meeting, click here.
WELL Health Technology Already formed Will VenturesA subsidiary of WELL, its mission is to invest in supporting leaders, entrepreneurs and companies in the digital health ecosystem, with a focus on advancing innovative digital health programs in Canada. The latest investment of the new fund is a $250,000 investment in Bright, a business-to-business technology service company that specializes in providing business virtual health plans.
Other companies in its portfolio include:
- Yuan Medical Technology, Virtual and physical primary care providers and affiliates of the University of California, San Francisco;
- Insight, A Canadian telemedicine company;
- Felix, Artificial intelligence-driven virtual assistants for medical workflows
- branch, A fertility care startup
- Medicine way, A virtual pharmacy that provides patients with a way to track their medication consumption, upcoming medication schedules and communicate with Pillway pharmacists.
To read more, click here.
Turquoise Health The $5 million seed round of financing led by Julie Yoo in a16z has been completed. Also participating in this round of financing are Bessemer Venture Partners, Box Group and individual investors Henry Ward, Megan Callahan, athenahealth and Zus Health co-founder Jonathan Bush, and Klay Thompson of the NBA Golden State Warriors. The company supports price transparency for medical procedures.
Provider’s services and costs are listed by individual insurance companies and some of their plans by postal code. Provide prices for a range of services, such as different forms of physical therapy to surgery and so on.
Turquoise Health co-founder Chris Severn pointed out in a company blog post: “We are embarking on a journey to make it the norm to know the price of health care in advance, just like Americans do when shopping in other industries every day.” Seed funding.
To read more, click here.
Carylup, Which Working with employers Helped employees find caregivers for their loved ones and raised US$15 million in Series B financing. Atlanta-based Noro-Moseley Partners led this round of oversubscription, including KCRise Fund, Revolution’s Rise of the Rest Seed Fund, Patterson Thoma Family Office, MPK Equity Partners and 1843 Capital, as well as other existing investors and partners.
“The past 18 months have revealed to employers and policy makers around the world the reality that caregivers have been facing: when the care and well-being of loved ones is at stake, it is extremely challenging to continue working,” said Cariloop co-founder and chief Executive Officer Michael Walsh.
The company currently has 75 employees, half of which are in Dallas, and plans to triple the size of its business in the next two years.
To read more, click here.
image: Aquindo, Getty Images
