Technology-Enabled Transportation Puts Health Plans in the Driver’s Seat To Improve Outcomes

Medicare Advantage and Medicaid plans making the switch from traditional to technology-first NEMT programs are realizing positive outcomes across the board. A missed medical appointment costs a provider $200 on average, and no-show rates are as high as 30% nationwide. When members have access to reliable, technology-first NEMT solutions, they are three times more likely to show up to appointments. Empowering members to book their own rides and choose the most appropriate transport type for their unique needs and comfort level helps drives member satisfaction and, ultimately, star ratings.

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Carallel Raises $8.2 Million to Support Family Caregivers, with Backing from Major Regional Health Plans

Carallel, a leading provider of human-centered guidance and digital tools for family caregivers, has raised an $8.2 million Series A funding round. FCA Venture Partners led the round, with participation from prominent regional payers including 450 Ventures, as well as Create Health Ventures, Gratitude Railroad, Loud Capital, and Wanxiang Healthcare Investments.

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Investment Thesis Report: Digital Health at Scale

Information technology has taken the expanding healthcare industry by storm. As IT has become fully integrated into the modern world, healthcare providers have become increasingly reliant on exciting IT innovations that are transforming healthcare processes. Countless healthcare IT startups have attempted to develop strong market positions selling services to providers, but only few have reached $100 million or more in annual recurring revenue (ARR).

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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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