What You Should Know: - Anthem Blue Cross and Providence St. Joseph Health are accelerating value-based care by using a new technology partner, Vim. The partnership enables the organizations to scale their tech solutions for better payer-provider collaboration to ultimately improve healthcare performance in California. - Vim offers an EHR-integrated application suite that includes Digital Scheduling, Care Gaps, and Referral Guidance solutions, and more. Together, these applications
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Anthem, Epic Integrates Bi-Directional Data Exchange with Affiliated Health Plans
What You Should Know: - Healthcare insurer Anthem has announced a data sharing collaboration with Epic to facilitate secure, bi-directional exchange of health information between healthcare providers and Anthem’s affiliated health plans. - Epic’s Payer Platform will be integrated with Anthem’s Health OS, which is Anthem’s operating system to enable seamless health plan-provider collaboration. - The integration will enable Anthem to capture consumer health information
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Q1 2021 Health IT/Digital Health PC/VE, M&A, IPOs/ SPACs Activity
The first quarter of 2021 has been one of investor optimism as the vaccine rollout continues ahead of expectations and economic activity begins to accelerate in response. Within the Health IT industry, the already strong investment and M&A trends seen in 2020 have only accelerated. Over the course of the quarter, we observed $7 billion in private equity and venture capital investment across 158 companies. By comparison, Q1 of 2020 saw $3.2 billion and 127 investments. Health IT
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DispatchHealth Reaches $1.7B Valuation, Raises $200M for In-Home Care Model
What You Should Know: - DispatchHealth has secured an additional $200 million in a Series D round of funding led by Tiger Global. The additional financing brings DispatchHealth into the “unicorn” category and solidifies its valuation at more than $1.7 billion. - DispatchHealth’s new round of financing will allow the company to bring it’s model of in-home medical care to more than 100 markets across the country
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Sharecare to Go Public in SPAC IPO Deal, Reaching $3.9B Valuation
What You Should Know: - Digital health company Sharecare and special purpose acquisition company (SPAC), Falcon Capital Acquisition Corp, today announced an agreement to merge to go public on the NASDAQ under the ticker symbol SHCR at enterprise value of $3.9B. - The transaction is expected to be funded through a combination of Falcon's $345 million of cash in trust (assuming no redemptions) supported by a $425 million fully committed PIPE at $10.00 per share and the Anthem
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Anthem Acquires Puerto Rico’s Largest Medicare Advantage Plan
What You Should Know: - Anthem, Inc. has entered into an agreement with InnovaCare Health, L.P., to acquire its Puerto Rico-based subsidiaries, including MMM Holdings, LLC (“MMM”) and its Medicare Advantage (MA) plan MMM Healthcare, LLC as well as affiliated companies and Medicaid plan. - MMM is Puerto Rico’s largest MA plan and one of the fastest-growing vertically integrated healthcare organizations in the United States. - With more than 267,000 MA members and over 305,000
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Sharecare Acquires AI-Enabled Digital Transformation Platform doc.ai
What You Should Know: - Sharecare acquires doc.ai to expand its engineering expertise, accelerate digital transformation of healthcare through innovative AI platform for an undisclosed sum. - Founded in 2016, the company licenses AI modules and creates products for a portfolio of clients, including payers, pharma and providers. - As part of the acquisition, Anthem will now become a strategic partner with Sharecare. Sharecare, the digital health company that helps people manage all
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Lyft Launches 60M Ride COVID-19 Vaccine Access Campaign with Anthem, Chase, Epic, United Way, Others
What You Should Know: - In partnership with JP Morgan Chase; United Way; top
healthcare organizations including Anthem, Centene, One Medical and Epic; and
other non-profit and community partners, Lyft’s goal is to facilitate 60M safe
rides to vaccination sites. - Lyft’s vaccine access campaign will help the communities who need it most safely travel to receive the vaccine. These rides will be facilitated through its business segment, Lyft Healthcare, and social impact initiative LyftUp.
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Walmart to Offer Medicare Insurance Plans During 2020 Open Enrollment
What You Should Know: - Walmart announced it will begin selling Medicare
insurance plans during this year’s annual enrollment period, Oct. 15 through
Dec. 7. Today, Walmart
announced the launch of Walmart
Insurance Services, LLC, a licensed insurance brokerage, which will assist
people with enrolling in insurance plans—and simplify what’s historically been
a cumbersome, confusing process. Walmart Insurance Services will begin selling
Medicare insurance plans during this year’s Annual
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Anthem Expands Relationship with doc.ai to Power Digital Health Offerings
What You Should Know: - Anthem extends the use of doc.ai's platform and portfolio of privacy-first technologies and artificial intelligence software services to drive the personalization of Anthem’s digital assets and create improved value for users. - doc.ai’s product offerings are deployed on its cloud-agnostic and zero-trust infrastructure that lets clients like Anthem launch products faster and at lower costs. Anthem, today announced it is extending its partnership with doc.ai,
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