Anthem has partnered with digital well being startup Ok Well being and funds managed by funding agency Blackstone to launch a technology-focused three way partnership.
The monetary phrases of the enterprise launch weren’t disclosed.
Referred to as Hydrogen Well being, the three way partnership will convey Ok Well being’s synthetic intelligence-driven know-how to the buyer, employer and insurer markets, stated Ok Well being CEO Allon Bloch, in a cellphone interview. Bloch will even function CEO of Hydrogen Well being.
New York City-based K Health supplies a symptom checker functionality that leverages AI to provide customers details about their well being. Initially, the know-how supplied a free utility with the purpose of combating the usually inconsistent and inaccurate well being info accessible on-line.
Then, two years in the past, Ok Well being added a service layer, the place, for a price, customers can join with a medical skilled.
“You get medical recommendation, you get diagnoses, you get therapy, you get prescriptions, you get labs,” Bloch stated.
“Our stakeholders count on us to seek out revolutionary options to extend entry to high-quality care, improve the healthcare expertise, and assist decrease prices,” stated Amy Mulderry, senior vice chairman and chief growth officer at Anthem, in an e-mail. “As a part of this method, we deal with investments and partnerships like this one which leverage exponential applied sciences, akin to synthetic intelligence.”
Now, by way of Hydrogen Well being, the businesses are providing these digital well being capabilities to customers, employers and different insurers. The answer — which is able to deal with offering entry to major care — might be supplied as a part of prospects’ personal platforms or through Ok Well being’s standalone app.
Additional, the know-how might be built-in throughout totally different well being plans.
Anthem’s involvement brings each funding and a wealth of healthcare business information to the brand new enterprise, Ok Well being’s Bloch stated.
“They’ve acquired 43 million members throughout a number of segments,” he stated. “They’ve acquired large know-how round provide medical networks — from a claims perspective, from a care navigation perspective — to totally different segments.”
Collectively, Anthem, Ok Well being and Blackstone hope to have the ability to provide know-how that may simplify healthcare entry and assist scale back prices, Bloch stated.
A bit over three months into 2021 and Ok Well being is already having a busy yr. In January, the corporate introduced it had raised $132 million in funding, which might be used to increase its platform for pediatric sufferers.
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