Abett has raised $11.6 million to grow its software platform that helps large employers manage and analyze health plan data. The company’s Lockbox product helps benefits teams share, store and analyze this data, aiming to help them save costs by altering benefits, GeekWire reported Tuesday...
The volatile consumer healthcare sector showed up big in CVS’ Q1 earnings Wednesday (May 1), with solid revenue from its store operations but a warning about revenue projections due to its foray into the insurance sector. By the numbers, CVS Health reported first-quarter revenues of approximately $88...
The recent cyberattack on UnitedHealth Group’s Change Healthcare unit cost the company $872 million. Speaking during an earnings call Tuesday (April 16), CEO Andrew Witty said a bulk of that figure — around $595 million — were direct costs due to “the clearinghouse platform restoration and other response efforts,” such...
Health insurance marketplace GoHealth says its investment in its data science platform is paying off. The company launched its Encompass platform last year, and is now seeing it drive 75% of its enrollment, management said during a quarterly earnings call Thursday (March 14). This is happening, CEO Vijay Kotte said, as...
July 15, 2024
Artificial intelligence (AI) is set to change the health insurance industry, potentially slashing costs and boosting revenues for payers grappling with economic pressures. As insurers face rising medical service utilization and provider costs and tightening Medicare Advantage reimbursements, AI and automation technologies offer a possible solution to improve efficiency and profitability. Payers could reportedly achieve […]
December 08, 2023
From diagnostics to care delivery, artificial intelligence (AI) would appear to be tailor-made for healthcare. And in fact, it’s already had a substantial impact on the industry — just not...
June 15, 2023
Healthcare costs are skyrocketing, making it more important than ever for health plans to find ways to engage their members and promote healthy behaviors. One way to achieve this is...
December 15, 2022
The pandemic has spurred us to better manage all aspects of health insurance costs and care. Platforms can bring a broad range of those activities into one centralized location, rather...
May 24, 2024
Abett has raised $11.6 million to grow its software platform that helps large employers manage and analyze health plan data. The company’s Lockbox product helps benefits teams share, store and analyze this data, aiming to help them save costs by altering benefits, GeekWire reported Tuesday (May 21). “Very proud to be part of an amazing […]
April 16, 2024
The recent cyberattack on UnitedHealth Group’s Change Healthcare unit cost the company $872 million. Speaking during an earnings call Tuesday (April 16), CEO Andrew Witty said a bulk of that figure — around $595 million...
March 14, 2024
Health insurance marketplace GoHealth says its investment in its data science platform is paying off. The company launched its Encompass platform last year, and is now seeing it drive 75% of its enrollment, management...
March 06, 2024
Zelis has debuted a tool designed to help consumers better navigate the healthcare landscape. The healthcare technology provider on Wednesday (March 6) introduced SmartShopper Propel, an addition to its existing SmartShopper program...
