Investment Thesis Report: Supplemental Benefits

Supplemental benefits are a niche market of healthcare that has seen significant growth in recent years. CMS’s 2019 decision to allow supplemental benefits to be medical related as well as non-medical has opened the market opportunity more than ever before. The recent skyrocket in benefits usage fueled by a highly expanded amount of plan offerings makes them one of the top healthcare markets for disruption.

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Virgo Receives Backing From Olympus Innovation Ventures

Olympus today announced that the company's venture capital fund, Olympus Innovation Ventures, completed its first investment, participating in the Series A financing of Virgo Surgical Video Solutions ("Virgo") of Carlsbad, California. The Olympus corporate venture capital fund makes investments in emerging digital, device, and diagnostic companies in minimally invasive detection and treatment of disease in gastroenterology, urology, respiratory care and other clinical areas.

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SCAN Group invests in medical transportation firm SafeRide

SCAN Group is betting on nonemergency medical transport with its latest strategic investment.

The company, which is the parent of Medicare Advantage insurer SCAN Health Plan, will invest in SafeRide Health, a technology-enabled NEMT broker that builds transportation programs based on the needs of older adults. SafeRide's platform is connected with a slew of NEMT companies, including Uber and Lyft.

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Andrew Bouldin
Vericred is Now Ideon, on a Mission to Make the Employee Benefits Industry Work Better

Vericred, the API platform powering digital experiences in health insurance and employee benefits, today announced that it has changed its name to Ideon to more closely align with the company’s mission and value proposition. The new name embodies Ideon’s role as the catalyst for innovation in an industry that is rapidly transforming to fulfill the expectations of consumers for better and faster benefits experiences.

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