What You Should Know: - Welltok, a consumer activation company, introduced The Connect Store, a new consumer-facing marketplace that allows users to spend designated benefits dollars or pay directly for health and wellbeing programs and products that meet their immediate needs. - This supplemental benefit program features Welltok’s Connect Partners Ecosystem and helps Welltok clients like health plans and employers offer more extensive wellbeing without additional costs
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Welltok | Data-Driven Consumer Health Activation | News, Analysis, Insights
Welltok Relaunches Text4Baby Program to Improve Health for New & Expecting Moms
What You Should Know: - Welltok today announced it is relaunching its gold standard Text4baby program, an interactive text messaging service, has been updated with the latest prenatal and infant care guidelines and food allergy prevention and management information from FARE, the world’s leading non-governmental organization engaged in food allergy advocacy and the largest private funder of food allergy research. The information is clinically validated with
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COVID-19 Pandemic Further Exposes Systemic Racism…
This will be ugly and sad. Racism has cost this country $16 trillion over the last twenty years according to a recent Citigroup report. Much of this loss ($13 trillion) was attributed to discriminatory lending practices and the 6.1 million fewer jobs created as a result, while disparity in wages ($2.7 trillion) and discrimination in housing policies and lost income due to restricted access to higher education accounted for the balance. The report estimates that if these gaps were to be
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Colorado Health Plan Deploys Texting for COVID-19 Medicaid Outreach for Its Members
What You Should Know: - Colorado
Access has deployed a text message program to its Medicaid members to quickly
distribute basic facts on COVID-19 and health risk information, as well as
resources for people who might be struggling with their mental health during
the pandemic and information on where to get food and unemployment support. - Through
its partnership with Welltok, the health plan sent more than 700,000 texts over
three weeks in English and Spanish. Using Welltok’s data
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New Survey Underscores Importance of Social Determinants of Health Amid COVID-19 Crisis
What You Should Know: - Welltok survey reveals social determinants of health (SDOH) are becoming increasingly valuable during the COVID-19 pandemic for providers and health plans. It’s important they know what kind of lifestyle and environmental factors consumers are up against during social distancing and preventing the spread of the virus - Welltok survey of more than 2,000 adults finds consumers don’t know what SDOH to share with their provider for optimal care As the COVID-19
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Welltok Appoints Bob Fabbio CEO, Jeff Margolis to Serve as Chairman of the Board
What You Should Know: - Welltok appoints COO Bob Fabbio to CEO to lead the next stage of growth. - Outgoing CEO, Jeff Margolis, will continue in his role as Welltok’s Chairman of the Board. Welltok,
the consumer health activation company, announced today that COO Bob Fabbio,
has succeeded Jeff Margolis as chief executive officer. Margolis, who led the
company as CEO for seven years, will remain involved strategically and continue
in his role as Welltok’s Chairman of the Board.
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Report: Millennials Are Demanding More Wellbeing Support From Their Employers
Millennials are demanding more from their employers in terms of wellbeing support. This includes wanting support from managers and wellbeing programs, and multiple ways (including digital) to access resources. The new Millennials: Raising the Bar for Wellbeing report by Welltok, large employers’ principal partner for employee health and wellbeing activation, confirms that this generation is more likely to invest in their whole self and many feel that their employer is missing the mark.The
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Health Tech VC Firm Flare Capital Partners Closes $255M Fund
Healthcare technology venture capital firm, Flare Capital Partners, today announced the closing of its second fund, Flare Capital Partners II, L.P., with a total of $255 million in committed capital. The oversubscribed fundraise follows up its inaugural fund, which was raised in April 2015, and establishes Fund II as one of the largest, independent, dedicated healthcare technology venture capital investment funds. Evolving Healthcare Industry Demands Innovative Business ModelsThe U.S. healthcare
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How Medicare Advantage Plans Reduced Their Disenrollment Rates by 30% Through Welltok
The average Medicare Advantage plan turns over about 10% of its members every year, and for a 100,000 member plan, that can equate to about $110 million in lost premium reimbursements as well as a decline in Star ratings. This is why retaining members is a top priority among health plans. Welltok’s Medicare Retention Solution has helped leading Medicare plans reduce disenrollment rates by up to 30%, improve disenrollment-related Star ratings from 2.5 to 4 and retain up to $97 million
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Welltok Report: Why It Is Time to Rethink The Patient Journey
It is time to rethink the patient journey. It’s no longer just about how you interact with patients from their first appointment to discharge, but rather the broader ongoing journey to optimal health that occurs largely outside of the provider setting, according to a new survey conducted by Welltok. The "Rethink the Patient Journey" report of more than 1,600 adults found that 84% of respondents would be more loyal to their provider if their overall health and wellbeing were supported outside of
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