Executives at large companies feel that the cost of providing employee health benefits will become unsustainable within the next decade, a new survey shows. They want the government to play a bigger role in providing coverage and lowering costs.
Insurer Cigna plans to cover mental health startup Ginger’s coaching services as a covered benefit. Investors are pouring more funds into mental health startups as they companies and insurers alike look for more ways to meet people’s care needs during a challenging year.
Care navigation startup Accolade struck an agreement to buy telehealth startup PlushCare for $450 million. The goal is to support primary care physicians with information about a patient’s health and benefits, CEO Rajeev Singh said.
Livongo’s founder has created a new care navigation venture because he believes that both the experience that people undergo as they look for care and the level of risk that vendors are willing to take when they work with self-insured employers leave much to be… Read More »In MedCity Pivot podcast, Glen Tullman says other care navigation firms aren’t really taking risks
Virtual primary care startup Firefly Health plans to launch a benefit plan after raising $40 million in new funding. The company currently offers virtual and in-person access to a primary care team.
Crossover Health, a startup offering primary care services for several big tech companies, including Amazon and LinkedIn, raised $168 million in funding.
Ginger, a startup that connects users with mental health coaches and therapists, raised $100 million in funding. The company is shifting to a risk-based model as it expands.
Amazon is rolling out a telehealth service for other companies to offer as an employee benefit. But scale alone will not help it to unseat well-known telehealth brands in an increasingly competitive space.
The companies now have a total of 17 primary care clinics, which are currently limited to Amazon employees. It’s a separate effort from the telehealth service Amazon rolled out earlier for its Washington employees.
While half of benefits executives said their mental health coverage was adequate, more than half of employees with a diagnosable condition didn’t receive mental health treatment in the last year, according to a recent survey conducted by mental health startup Lyra Health.
According to an analysis of 1.8 million medical claims, employers’ claims were down 4% in 2020. Although telehealth visits plateaued at the end of the year, they made up nearly 1 in 5 visits.
Most benefits executives plan to use remote patient monitoring more in the future, according to a survey from Employer Health Innovation Roundtable and Hello Heart.
Mental health startup Lyra Health raised $187 million in funding, giving it a post-money valuation of about $2.3 billion. The company also struck a partnership with EAP-provider ICAS, which would expand its mental health benefit to employees in other countries.
Benefits navigation startup Accolade acquired second opinion startup 2nd.MD for $460 million. With little overlap between the two companies, the deal is expected to increase Accolade’s total addressable market by $22 billion.
A subsidiary of Northwell Health is partnering with Whole Foods Market to offer its New York-based employees access to seven primary care locations. The supermarket chain’s employees will not be subject to a deductible or co-pay.
The joint effort by Amazon, Berkshire Hathaway and JPMorgan Chase to lower costs and provide better healthcare for their employees, will dissolve in February.
A subsidiary of Northwell Health has collaborated with the virtual care company to offer businesses a Covid-19 screening tool for their workers. The tool helps identify employees who may have been exposed to the new coronavirus or those showing symptoms of the disease and suggests… Read More »Northwell, Conversa Health join forces to provide employers with Covid-19 screening tool
Amazon, which opened a primary care clinic for employees in June, has added four more such clinics — all operated by medical group Crossover Health. The new clinics are based in Texas, but Amazon plans to open more locations in Arizona, Kentucky and Michigan over… Read More »Amazon opens 4 more primary care clinics with Crossover Health
Leveraging dedicated personal coaches and individualized content are the key ingredients of a successful health and wellness program.
Spring Health, a startup that offers mental health services as an employee benefit, raised $75 million in funding. The New York-based startup matches employees with therapy and other mental health services.
Employers, faced with a plethora of options for return-to-work programs, will still have to consider several factors beyond testing and contact tracing. For instance, how will they communicate for employees to stay home, and will a vaccine be required?
Insurance startup Bind Benefits just raised $105 million in a Series B funding round to further expand into the fully insured market. CEO Tony Miller sees the company’s health plan product as a way for employers to stay agile while offering insurance in a rapidly… Read More »How Bind Benefits’ CEO will use $105M to upend the health insurance market
Nice Healthcare, a Minnesota-based startup that offers telemedicine and primary care services, raised $5 million in seed funding. The company plans to use the funds to bring its benefits to businesses in more states.
Among the areas of interest for employee benefits startups that presented in our Pitch Perfect contest are: electronic patient care records, behavioral health, caregiver support and substance abuse treatment.
Plume provides access to telehealth consultations for patients seeking gender-affirming hormone therapy. Recently, the startup began partnering with employers to offer its services as a benefit.
The INVEST Digital Health Virtual conference Pitch Perfect competition, from September 21-25, had some intense competition between the healthcare startup participants. Thanks to all the entrepreneurs, judges and sponsors who took part.
Mental health startup Lyra Health raised a $110 million series D, valuing the company at $1.1 billion. The company plans to use the funds to expand its teletherapy service and develop additional mental health solutions.
Carrot Fertility, a startup that provides employee fertility benefits, raised $24 million in a series B round. The company plans to use the funds to further its expansion and build out its telehealth features.
Centene will expand its partnership with behavioral health startup Quartet Health to 32 states. The insurer became an investor in Quartet last year.
Amazon is testing a pilot to offer primary care clinics for its employees. The company plans to open 20 locations operated by direct primary care startup Crossover Health.