Transcarent, a digital platform focused on the self-insured employer market, announced the launch of WayFinding, an AI-enabled consumer-facing platform that offers clinical guidance, benefits navigation and care delivery.
The platform guides patients through receiving care by answering questions about benefits and costs, recommending an appropriate course of clinical action, and then connecting...
Transcarent, a digital platform focused on the self-insured employer market, announced it secured a $126 million Series D investment. The funds bring the unicorn company's total raise to $450 million and valuation to $2.2 billion.
General Catalyst and 7wireVentures led the round, with participation from new investors Memorial Hermann Health System and Geodesic Capital.
Former investors Human...
Collective Health, a software company that helps small employers transition to self-funded plans, has raised another $81 million, bringing its total funding to $119 million.
Google Ventures was the sole new investor in the round. Returning investors NEA, Founders Fund, Maverick Capital, Redpoint Ventures and RRE Ventures also contributed. Up until now Collective Health has been operating only in...
According to non-profit association National Business Group on Health, next year significantly more large employers will offer telehealth services to their employees than this year. The survey, which was conducted in June, included responses from 140 of the largest companies in the US.
The employers survey expect their health care benefits costs to increase 6 percent in 2016, but many plan to...
Following a small initial study, a UK-based startup reports that its digital health platform can decrease pain and stiffness in patients with musculoskeletal disorders (MSDs). Hinge Health's platform decreased pain by 52 percent on average and stiffness by 56 percent over 12 weeks, among a group of 20 patients.
CEO Daniel Perez founded the startup in October 2014 with co-founder Gabriel...
HealthMine's app
A new survey of 1,200 consumers with either self- or employer-sponsored health insurance -- sponsored by HealthMine and conducted by Survey Sampling International -- indicates that interest in payer-led mobile health initiatives is still fairly low.
Although 89 percent of respondents use a smartphone, tablet, or both, only 30 percent of those surveyed said they would...
Castlight Health, which is expected to debut on the New York Stock Exchange this coming Friday, just filed another update to its IPO filing with the SEC and now the company is looking to raise looks to raise more than $191 million in total. The company raised the price of its IPO range to $13 to $15 a share up from its previous expected range of $9 to $11.
The company is offering 11.1 million...
Castlight Health looks to raise about $111 million in its IPO, according to an updated SEC filing. The company is offering 11.1 million shares in the IPO and its underwriters have the option to purchase an additional 1.65 million shares. The stock will be listed on the New York Stock Exchange under the symbol "CSLT". While Castlight recorded revenues of $1.9 million, $4.2 million and $13.0...
A recent survey of almost 800 large and mid-size employers in the US, representing more than 7 million employees, found that a majority offer incentives to employees for agreeing to take health risk questionnaires (HRQ), biometrics screenings, or similar health-related programs. The survey, conducted by global HR firm Aon Hewitt, found that 83 percent of employers offer such incentives.
Within...
If you travel as much as I do you've no doubt seen air traffic controllers setting up the wheel chocks in front of and behind airplanes' wheels. While I'm sure those little chocks are a last line of defense for an errant airplane, it always seems to me their removal would result in a rolling 747.
Here's a relatively simple idea that would get the massive mobile health opportunity rolling.
This...
