What You Should Know:
- Alphabet’s Verily has established a new subsidiary,
Coefficient, with a mission to create value by combining innovative health
technology solutions with new insurance and payment models. Verily is the
majority shareholder and Swiss Re Corporate Solutions, an established player in
the employer stop-loss market, has a minority stake in the new company.
- Coefficient will enter a segment of insurance called
employer stop-loss. Employer stop-loss typically protects
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health insurance
COVID-19 Underscores Why Certain Aspects of the American Healthcare System Should Change Forever
In the late 1940s, the United Kingdom was busily reassembling country and what remained of the empire in the aftermath of World War II. Among many revelations, the war had convinced Britain’s leaders of the need to provide healthcare for all in the event of calamity upending the basic functions of a civilized society. With that, the UK’s National Health Service (NHS) was born.
In 2020, all perspectives about quality and the time it takes to see a provider aside, the NHS remains quite popular
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Patient Payment Strategies to Accelerate Cash Flow Amid COVID-19
In the past few months, the COVID-19 pandemic has shaken societies, economies, and human wellbeing to the core. While protecting public health and welfare are top priorities for hospitals, the harsh reality is that it takes cash to keep the doors open and serve patients effectively. Revenue is down significantly as a result of canceled elective surgeries, while the costs of medical supplies and in-demand personal protective equipment for workers have skyrocketed. Hospitals’ operating challenges
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Collective Health Appoints Max Mancini as New Chief Technology Officer
What You Should Know:
- Collective Health appoints Max Mancini
as its new Chief Technology Officer.
- Mancini, who previously held senior roles at Apple and
eBay, will lead the company’s exceptional engineering team- overseeing the
architecture, design and scaling of Collective Health’s core platform and suite
of products which help make health insurance work for everyone.
- He will also be responsible for continuing innovation,
initially bolstering the recent launch of Collective
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COVID-19: 4 Essential Patient Payment Strategy Components to Accelerate Cash Flow
In the past few months, the COVID-19 pandemic has shaken societies, economies, and human wellbeing to the core. While protecting public health and welfare are top priorities for hospitals, the harsh reality is that it takes cash to keep the doors open and serve patients effectively. Revenue is down significantly as a result of canceled elective surgeries, while the costs of medical supplies and in-demand personal protective equipment for workers have skyrocketed. Hospitals’ operating challenges
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How to Implement HIPAA-Compliant Video Conferencing for Healthcare Providers
Video-conferencing software like Zoom has been getting a lot of attention of late as more and more people turn to digital tools to communicate remotely, whether to stay connected with loved ones, keep work flowing, or communicate with clients.
Healthcare is certainly no exception. A global FICO study found that around 80% of people want to use their mobile phones to interact with doctors and other healthcare providers.
Digital healthcare solutions were already on the rise
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Socialized Medicine Shows its Strengths During COVID-19 – But Only When Paired with Tech
What the US and other
countries can learn from the “Taiwan Example”
Italy has a single-payer medical system, yet it didn’t spare the country from COVID-19. On the contrary, Italy was among the hardest hit and is still struggling. That’s a common talking point one might hear from certain US-based pundits who are critical of so-called “socialized medicine.”
According to international healthcare insurance provider Allianz
Care, “The healthcare system in Italy is a regionally based
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Walgreens to Invest $1B in VillageMD to Open 500 to 700 Full-Service Doctor Offices
- Walgreens will invest $1 billion in
equity and convertible debt in VillageMD to open 500 physician-led primary care
clinics in more than 30 U.S. markets in the next five years.
- VillageMD and Walgreens also recently announced the
availability of Village Medical telehealth providers on Walgreens Find Care™,
which is an online platform that connects patients with a wide range of health
services.
Walgreens
Boots Alliance, Inc. and VillageMD
announced today that Walgreens will be the
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Post COVID-19: Medical Billing Finally Realizes the Value of Text-to-Pay
Contactless payments were on the rise even before COVID-19 hit. But now, health systems should see them as essential. Consumers are increasingly wary of touching a credit card terminal that others have used, a perfect conduit for spreading germs. For consumers, text payments serve as a convenient contactless way to pay, but there are other unique benefits when this method of payment is applied in a healthcare setting.
Let’s look at how text payments can fit into a health system’s revenue
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Why COVID-19 Highlights Urgent Need to Humanize and Modernize The Patient Financial Experience
It’s no secret that COVID-19 and the
corresponding near-immediate economic catastrophe will be felt for
significantly longer than the few short months it took to wreak its initial
havoc. While losses hit businesses from “a to z” (...except maybe Amazon, ironically),
hospitals and health systems tasked with treating the victims of this pandemic
bear a particularly harsh dose of the financial fallout -- $72 billion in CARES
Act hospital grants barely serving as a band-aid to the financial
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