Medicare Advantage insurtech company Clover Health announced it delivered notice to the Centers for Medicare and Medicaid Services that it will be exiting the ACO REACH Program at the end of the 2023 performance year.
The Accountable Care Organization Realizing Equity, Access, and Community Health (ACO REACH) program provides tools and resources to healthcare providers to improve the quality of...
Telehealth and medical transportation company DocGo reported its second-quarter financial results, showing total revenue of $125.5 million, up from $109.5 million in the same period last year.
Revenue from the company's mobile health services was $80.1 million in Q2 2023 compared to $87.3 million in Q2 2022, and it reported $45.4 million in revenue for its transportation services compared to $22...
Medicare Advantage insurtech company Clover Health announced it received a notice from NASDAQ stating the company has regained compliance with the minimum bid price requirement of closing at $1 or more per share for at least 10 consecutive days.
The company said that thanks to NASDAQ's notice, it will revisit its plans to effect a reverse stock split and share reduction proposal, as noted in a...
Tennessee-based Clover Health announced it reached an agreement to settle seven lawsuits in Delaware, New York and Tennessee pertaining to allegations the company did not disclose it was under active investigation by the Department of Justice when it went public in 2021.
Clover Health provides Medicare Advantage insurance plans and offers provider tools, such as its Clover Assistant, which...
COVID-19 changed how healthcare was delivered by accelerating the use of virtual care and telehealth.
But insurers, employers and other payers are jumping on the virtual bandwagon too, hoping to lower the cost of care by offering technology and digital solutions to their members.
More players launched virtual-first health plans, some big insurtechs hit the public markets this year, and digital...
Short seller calls out Clover Health. Hindenburg Research, a short seller that describes itself as a specialist in forensic financial research, published a report criticizing Clover Health's business and alleging that the Medicare Advantage insurtech company has not disclosed active investigations by the Department of Justice.
Hindenburg – which said that it does not have positions for or against...
Alexa, listen to me sleep. Hot on the heels of its Halo fitness, weight and sleep wearable, Business Insider reports that Amazon is also working on a contactless bedside device for tracking sleep apnea. The device in development reportedly uses millimeter-wave radar to watch breathing and movement. Codenamed "Brahms," the tracker is roughly the size of a palm, and would speak with other connected...
Through all of this year’s tumultuous ups and downs, one trend that has remained unstoppable – and has even accelerated – is the healthcare sector’s adoption of technology.
For years, MobiHealthNews has covered the payer space as it continually pushes further into the world of digital health, and 2020 proved no different. From traditional insurers embracing technology to massive expansions of...
Clover Health, an insurtech company for Medicare Advantage plans, will become publicly traded through a merger with special purpose acquisition company (SPAC) Social Capital Hedosophia Holdings Corp. III.
The two companies will combine through a mix of cash financing and stock, according to the announcement. The deal rates Clover at an enterprise value of about $3.7 billion and is expected to...
The US is wading into election season, and once again the healthcare system is a prime focal point for each campaign. And although the subject of “Medicare for All” was certainly present back in 2016, movements to overhaul the country’s insurance industry have gained some steam among voters over the last few years and now command considerable airtime during debates between presidential hopefuls....
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