Itzik Cohen的动态

Insurance companies can own hospitals Venture capitalists can own hospitals Private equity can own hospitals But a doctor can't Yet... Physician owned hospitals saved Medicare $1.1B in 2019 They also have: Higher quality Better outcomes Higher patient satisfaction Higher employee satisfaction The same is true in physician led healthcare organizations Why are we keeping doctors out of the business of healthcare and out of leadership? Well, other than the American Hospital Association looking to make as much money for its constituents as possible Oops, did I say the quiet part out loud again? My bad P.S. Interested to see more insanity in healthcare and reasons why our system is upside down from the inane financial interests of the broader industry? Then check out The Healthcare Breakdown: https://buff.ly/47NeASx It's fun, really See you out there!

?? Excited to announce the launch of Arrow — today we’re emerging from stealth and setting out to build the most important company in US history. Arrow is a new platform that brings speed and transparency to healthcare payments. Arrow works with providers and payers to make payments frictionless for all. Healthcare is broken, especially paying for it. - Patients have no visibility into what care costs and often receive surprise bills in the mail months later. - Providers are buried in paperwork trying to file and manage insurance claims. - And there’s over $300 billion in fraud, waste, and abuse plaguing the system each year which health plans experience the brunt of. It doesn’t have to be this way. Our vision is real-time, frictionless payments in healthcare where patients have transparency into what care costs, providers are paid in real-time without manual administrative work, and health plans increase efficiency and reduce fraud, waste, and abuse, all while making their members and providers happier. Formerly known as Walnut, Arrow is proud to be supported by Gradient Ventures, nvp, Afore Capital, 2048 Ventures, H/L Ventures and leaders from Ramp, Plaid, Mercury, and PillPack. Read more here: https://lnkd.in/dkP9Ukem

?? Excited to announce the launch of Arrow — today we’re emerging from stealth and setting out to build the most important company in US history. Arrow is a new platform that brings speed and transparency to healthcare payments. Arrow works with providers and payers to make payments frictionless for all. Healthcare is broken, especially paying for it. - Patients have no visibility into what care costs and often receive surprise bills in the mail months later. - Providers are buried in paperwork trying to file and manage insurance claims. - And there’s over $300 billion in fraud, waste, and abuse plaguing the system each year which health plans experience the brunt of. It doesn’t have to be this way. Our vision is real-time, frictionless payments in healthcare where patients have transparency into what care costs, providers are paid in real-time without manual administrative work, and health plans increase efficiency and reduce fraud, waste, and abuse, all while making their members and providers happier. Formerly known as Walnut, Arrow is proud to be supported by Gradient Ventures, nvp, Afore Capital, 2048 Ventures, H/L Ventures and leaders from Ramp, Plaid, Mercury, and PillPack. Read more here: https://lnkd.in/ekQq3H8S

Exciting Update! ?? ? Happy to share that our seed round has expanded with incredible support from BEENEXT, 3one4 Capital, Z21 Ventures, and fantastic health tech leaders. CoverSelf is on a mission to democratize Payment Integrity(PI) and enable in-sourcing PI initiatives that resonate with the payers. The first-of-its-kind domain-specific platform purpose-built by Technologist + Domain experts who understand the PI space very well to curb the payment inaccuracies and waste within the system and enable payer teams (domain experts) to innovate, customize, and release concepts faster across various PI functions. We strongly believe this fresh approach is the need of the hour and need to move away from traditional? - Black-box to Open box/transparent approach - Silos to collaboration between different PI functions and providers - Using multiple tools/vendors to single purpose-built platform addressing all usecases within PI functions (like pre-pay, post-pay, data mining, Clinical review edits, FWA, AI/ML/ Gen AI, etc.) in one single place? - High vendor/technical dependency to a self-manageable platform - Legacy systems to Easy to use (modern intuitive UX/UI) & flexible platform that is powered by "CREOL" English-like domain-specific language (DSL) for easy and faster configuration and innovation The approach not only gives savings from the overpayment detection but the overall platform also increases efficiency and accuracy for each PI function giving additional ROI with a completely automated platform driven approach. The platform comes with pre-loaded and up-to-date content (Codesets and edits) freeing payers to focus on ideating and creating new concepts using our ideation platform without any additional administrative work ensuring every dollar is paid correctly. Total control, visibility, and transparency are key for faster innovation and ROI for Healthplan PI leaders. Curious to learn more, please reach out to [email protected] to transform the PI program together. https://lnkd.in/gfjMcjYt www.coverself.com #HealthTech #FundingAnnouncement #coverself ? #PaymentIntegrity #ProgramIntegrity #FWA #Payers #MCOs #TPAs #medicare #medicalcoding #medicalbilling #claims ? ?#ClaimsAccuracy #PaymentAccuracy #medicare #medicaid #commercial #shiftleft

One of the biggest stories in the #PaymentIntegrity space right now is New Mountain Capital's merger of Apixio, Varis, and The Rawlings Group. It’s a move that feels familiar, echoing what we saw in the Revenue Cycle Management (#RCM) market, where private equity investment drove rapid growth and consolidation. Here's what’s happening in Payment Integrity: 1?? Fast-Growing Market: The Payment Integrity market is growing at around 10% a year and is worth $8-9 billion in 2024. 2?? Big Players and New Entrants: Cotiviti and Optum are major players, but the market is still fragmented with plenty of room for new companies to enter and grow. 3?? AI is Changing the Game: AI and Generative AI are helping payers move from just recovering costs to avoiding them altogether. Many payers we’ve spoken to are eager to explore pre-pay solutions and see their potential. 4?? Private Equity Money is Flowing: Similar to New Mountain Capital, KKR recently invested in Cotiviti, and ClarisHealth got backing from Pamlico Capital. Feel free to reach out to have a conversation! #PaymentIntegrity #Healthcare #PrivateEquity #AI #EverestGroup https://lnkd.in/eshQ8iTZ

Stepping up Our Efforts in the Healthcare Sector While we’ve been serving the healthcare industry for most of our 161-year history, we’ve intensified our focus on this important sector to provide unique, interconnected solutions to our clients that leverage our banking and payments capabilities. Our recent acquisition of Salucro Healthcare Solutions will help healthcare clients large and small make patient billing and payment easier. Salucro, the company behind MedEpay, helps clients gain efficiency and deliver a positive client experience by interconnecting the solution into the platforms healthcare companies use to manage the patient experience. We’re also enhancing our client service approach to provide high-quality, consultative and personalized support for our healthcare clients. Recently, we announced Joe Kight as head of Healthcare in our Institutional Client Group. Last year, we brought in Joseph Persichetti as head of Business Banking Healthcare. These industry veterans and their teams are bringing the bank’s full resources to our clients. Healthcare is one of the largest business sectors in our country. National health expenditures grew to $4.5 trillion in 2022, accounting for 17.3% of Gross Domestic Product (GDP), according to the Centers for Medicare & Medicaid Services. Healthcare employs over 22 million workers, with women representing nearly 80% of the healthcare work force, according to the CDC. We provide a broad range of banking and payment services to healthcare organizations, including hospital systems, insurers, medical equipment manufacturers and medical, dental, and veterinary practices. We also work with payers and fintechs. It’s also one of the most vital and personal sectors to so many people. After all, the work these companies do helps keep people healthy across the country and around the world. It's an honor to serve these clients, because when we can deliver financial expertise to healthcare professionals, they can do what they do best: helping improve the lives of so many people. When I speak to our bankers who work in this space, they often say how gratifying it is to help these companies do this very critical work. We’re very privileged to play a role in this effort and we’re excited for what the future holds. #usbank #healthcare

Headway scores $100M, more than doubling its valuation to $2.3B - MobiHealthNews #Funding: Headway secures $100M in funding, doubling its valuation to $2.3B #Investors: Leading investors support Headway's growth #Expansion: Headway plans to expand its services and reach #Impact: How Headway's growth will impact the healthcare IT industry #Future: The future outlook for Headway in the healthcare IT market Headway, a healthcare IT company, has recently secured $100M in funding, which has doubled its valuation to $2.3B. Leading investors have supported Headway's growth, indicating confidence in the company's potential. With this funding, Headway plans to expand its services and reach, potentially revolutionizing the healthcare IT industry. The impact of ai.mediformatica.com #health #headway #funding #mentalhealth #platform #sparkcapital #accel #insurance #medicaid #medicare #a16z #billing #digitalhealth #healthit #healthtech #healthcaretechnology @MediFormatica (https://buff.ly/3LBQtwg)

?? Exciting News!?? Our CEO, Tom Furr, recently sat down with David Williams, host of the Health Business Group podcast, to discuss some big news: PatientPay and ClearGage are merging! Together, we're creating a powerful platform that simplifies billing and payments for patients and healthcare practices alike. With more patients paying out-of-pocket, it's crucial for practices to streamline payments. We're making that process as easy as a click on Amazon! It was fantastic to hear Tom share his vision for the future of patient payments and how we're bringing innovation to healthcare. Check out the episode to learn more! #PatientPay #ClearGage #HealthcareInnovation #PatientExperience

Sagility India Limited IPO: Is This the Right Investment for You? Considering investing in the latest IPO hitting the market? The Sagility India Limited IPO, a healthcare-focused player catering to the booming U.S. health-tech industry, is open for subscription. But should you jump on board? ?? Why This IPO Stands Out: Sagility’s unique focus on healthcare payer and provider services aligns it with a high-growth sector, especially with U.S. healthcare spending projected to grow at a 5% CAGR through 2028. From clinical management to revenue cycle management, Sagility's range of tech-enabled solutions is designed to meet the evolving needs of U.S. healthcare providers. What You’ll Discover in Our Blog: ??Key IPO details and financial highlights ??Sagility’s expansion strategy, including its recent AI acquisition for smarter healthcare support ??An in-depth look at the healthcare sector's potential, risks, and what Sagility’s listing means for investors. Get the full scoop before making your decision! Dive in to see if Sagility India Limited could be your next smart investment. ?? https://ow.ly/TIVI50U2Xhn

This is not Theranos. Meet Forward Health, a company founded 10 years ago to use technology to disrupt the medical industry, that recently announced its sudden and complete closure. Sure, like Theranos, Forward was an incredible marketer and spectacular capital raiser, having raised almost 3/4 of a billion dollars. But unlike Ms Holmes fraud, Forward was building a real business, and ran into multiple headwinds coming out of the pandemic. I'm sure the post-mortem will show that the medical industry is not just a tough nut to crack, but incredibly unforgiving to disruptors. Many eyes are now on Function Health though the two companies could not be more different. Personally I think Function's approach toward integrating and iterating with technology is a far more likely path to success, with a focus more on evolution and less on disruption. Whatever the case, we can never be mad at founders who take on big hairy audacious goals and fail. This was truly a Herculean 10-year effort and should be recognized as such. https://lnkd.in/dUQZxPnt