Wednesday, September 18, 2019

Health Insurance

Health insurance is one the biggest opportunities globally, ripe for disruption. We dive into how technology is continuing to make it more transparent, inclusive, affordable and patient-centric.

Number of Americans Without Health Insurance Rises for First Time Since Obamacare Enacted

cartoon doctor visit
The number of Americans without health insurance rose by 1.9 million last year, the first increase since the Affordable Care Act took effect in 2013, after the Trump Administration weakened efforts to enroll more people.Uninsured residents totaled 27.5 million, or 8.5% of...

As Healthcare Costs Rise, Proposal Suggests Yardsticks for Measuring Investments’ Impact

Cost of Healthcare. Pills on US dollars.
Healthcare costs for Americans skyrocketed over the last decade, even for those with insurance, creating opportunities for startups that help companies, insurers and patients cut costs. An average family of four with large employer-provided insurance spent $7,726 on premiums...

Rite Aid Reaches to Tech Industry for CEO, New Direction

Rite Aid, its stock price dropping and future uncertain, named a female executive with a background in technology to lead the company as it struggles to find its footing in a changing industry and growing competition. Heyward Donigan, 58, most...

RenewBuy Gets $18.9 Million, As India’s Growing Insurance Market Grabs Investors’ Interest

India’s booming online insurance market is drawing more investors, attracted by the subcontinent’s vast population, opening insurance market and widening middle class. The latest sign of the burgeoning market: the $18.9 million funding round for RenewBuy, a digital portal to shop for...

Abacus Insights Scores $12.7M as Cloud-Computing Startup Aims to Serve Health Insurers

Abacus Insights, a cloud-powered healthcare data startup, raised $12.7 million in series A funding, as investors bet that cloud-based data management solutions will migrate from hospitals to health insurance companies. Abacus is the first and only company that...

CareAngel: Addressing the Access Gap in Healthcare

With chronic care – conditions like diabetes, COPD, cancer, hypertension and others – soaking up ever more healthcare resources, providers and insurers are searching for ways to address preventative and behavioral risks before they grow into bigger problems. Care Angel was...

How Babylon Health is Improving Rwandan Health

KEY TAKEAWAYS Digital health startups are flocking to Africa to pick up the slack of its typically underserved and overworked health system. One player is Babylon, a London-based digital health app that allows patients to undergo virtual consolutions with healthcare professionals at an affordable...

Spencer Gerrol: Content is King, But Emotions Rule All

Perspectives: Opinions from our network of advisors, investors, operators and analysts on the risks and opportunities they see. Spencer Gerrol is the founder and CEO of SPARK Neuro, a neuroanalytics company that measures emotion and attention to optimize advertising and entertainment. Years ago, I read a study...

Nicole DiMaria: “Out-of-pocket costs are rapidly increasing, which heightens the demand for price transparency and consumer-driven healthcare.”

Perspectives: Opinions from our network of advisors, investors, operators and analysts on the risks and opportunities they see. The web of regulatory and individual privacy requirements in the U.S. makes it extremely difficult to be innovative in the healthcare sector. Even so, digital pharmacies are trying...

Cityblock Raises $65M to Expand Treatment to Underserved Communities

On Our Radar: Deals we are paying attention to for their impact on industry. It’s been said that all politics is local. At the community-health platform Cityblock Health, they believe that health, too, is local. The company, founded in 2017 and based in Brooklyn, N.Y., has...

IA Capital Raises $150 Million for Insurtech Push

On Our Radar: Deals we are paying attention to for their impact on industry. IA Capital Group, a venture capital firm focused on the new field of insurance-related technology, or insurtech, raised $150 million across three funds. With seven funds and managed accounts under its control, and...

Behavioral Health Care Provider US HealthVest Gets $55 Million Secured Loan

On Our Radar: Deals we are paying attention to for their impact on industry. US HealthVest (USHV) received a $55 million senior secured term loan from Silicon Valley Bank to finance existing debt and fund expansion and construction of its behavioral health facilities to treat psychiatric illness and...

CEO Brooks Tingle: “Respect for our clients’ privacy…has been paramount at John Hancock for more than 150 years.”

Sound Businesses: Profiles of companies and business models we are keeping an eye on. Brooks Tingle, president and chief executive officer of John Hancock Insurance, spearheads the insurance giant’s life insurance operations, including its data-enabled Vitality program. The program provides benefits that encourage healthy lifestyles...
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