Cigna has launched corporate venture fund Cigna Ventures with $250 million in capital to invest in early and growth stage startups, the company announced today.
The investments will go to emerging companies that are driving innovation in healthcare through the strategic areas of insights and analytics, digital health and retail, and care delivery and management.
Cigna Ventures is a wholly-owned...
There’s little doubt that new innovations will disrupt healthcare operations and the revenue cycle as well as care delivery.
The bigger question is whether those will be technological in nature, new business models or a combination of both? While hospitals and health insurers await that answer, many executives and experts are closely watching two partnerships unfold: CVS Health’s proposed merger...
Insurers have historically looked at claims data to determine a member's health needs.
Technology has made that rear-view mirror approach no longer good enough, according to Jonna Kurucz, vice president of sales for Anthem.
Instead of looking back, Anthem has employed a digital solutions platform that allows the insurer to get healthcare information that's not yet in the patient record.
For...
Alphabet, the parent company of Google, is investing $375 million in Oscar Health, the technology-driven health insurer cofounded by Mario Schlosser and Joshua Kushner, brother of White House advisor Jared Kushner.
The funds will help move the New York City-based insurer into its next phase of expansion, entering the Medicare Advantage market.
"Today, we are announcing Alphabet's plans to invest...
Apple is looking to hire engineers to develop a custom chip for more sophisticated health information tracking and applications, according to a CNBC report.
CNBC said it got the information from a job posting from Apple's Health Sensing hardware team. The July 10 job summary is for sensor ASIC architects to design, develop and launch next generation sensor technologies to enable interaction with...
Centers for Medicare and Medicaid Services Administrator Seema Verma on Tuesday announced changes to overhaul the meaningful use EHR incentive program, including equipping patients with access to their electronic health records on the day they leave the hospital.
Indeed, it starts with a new moniker: meaningful use is being renamed “Promoting Interoperability.”
The proposed rules and request for...
Five healthcare organizations including insurers UnitedHealthcare and Humana, Optum, Quest Diagnostics, and MultiPlan are launching a blockchain pilot to help payers tackle mandated provider directories.
UnitedHealthcare and Optum are both part of UnitedHealth Group. Humana got involved through old-fashioned networking, according to Mike Jacobs, a senior distinguished engineer at Optum, who has...
A six-month medical transportation collaboration between Cigna-HealthSpring and Lyft has resulted in 14,500 free rides and more than 90 percent member satisfaction rate.
Lyft has been transporting Cigna-HealthSpring Medicare Advantage members to doctor's appointments and the pharmacy in seven states and the District of Columbia since May.
The move is to ensure at-risk members can keep their...
Optum on Tuesday launched the venture fund Optum Ventures, which has $250 million to invest in digital health startup companies.
The venture fund will invest in companies that use data and insights to help improve consumers’ access to healthcare services and how care is delivered and paid for, according to a statement from UnitedHealth Group, Optum’s parent company.
Optum CEO Larry Renfro is...
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