Oscar, the first direct-to-consumer health insurance company, announces today that it has closed a $225 million funding round. The round positions Oscar to continue growth off of a $2 billion revenue base and puts the company on a path to further advance its mission of making health care simple. This was a big week for Oscar. Earlier in the week, Cigna and Oscar released more details on their Cigna+Oscar partnership to provide affordable, customized health plans to small businesses.
AireHealth will consolidate BreathResearch’s employees and intellectual property, expanding its footprint into the digital therapeutics space. The combined organization will develop the industry’s first complete virtual care platform for respiratory illness to reduce costs and improve outcomes.
This acquisition allows AireHealth to complement its existing portable nebulizer through digital respiratory health care services to complement its existing portable nebulizer. The VitalBreath virtual care platform will empower patients, caregivers, and clinicians to be more informed and collaborative in respiratory care, enabling faster response to exacerbations and translating to fewer emergencies and fewer hospitalizations.
MyndYou Inc. and Allscripts (NASDAQ: MDRX) have announced a partnership to make the MyndYou triaging and care management solution available to Allscripts clients, reducing the risk of hospitalization for patients worldwide. Providers will receive access to MyndYou’s AI-powered Cognitive Complexity Analysis.Allscripts also announced the expansion of an agreement with PIH Health through 2025. This is likely to improve comprehensive care for Allscripts’ patient communities.
Cigna and MDLIVE Inc. have announced the launch of the telemedicine industry’s most complete virtual primary care program, allowing U.S. health plans, health systems, retailers and employers the ability to provide consumers with convenient, secure and cost-effective options for accessing preventive, chronic and other primary care services. With this partnership, Cigna has secured the ability to be the first to offer virtual care for preventive checkups, launching in the second quarter of 2020.
Teladoc Health (NYSE: TDOC) has announced it has entered into a definitive agreement to acquire InTouch Health for $600 million, consisting of approximately $150 million in cash and $450 million in shares of Teladoc Health. The deal is expected to close by the end of the second quarter. This move will integrate telehealth solutions and add more than 14,500 physician users and 450 health systems and hospitals to Teladoc's profile.
Humana Inc. (NYSE: HUM) has announced it has signed a definitive agreement to acquire privately-held Enclara Healthcare (Enclara), one of the nation’s largest hospice pharmacy and benefits management (PBM) providers.The deal will also allow Humana to boost its PBM competitiveness, which is crucial as other health insurers concentrate efforts to solidify their presence in the PBM arena (i.e. Anthem launched IngenioRx, Cigna acquired Express Scripts).
Accenture (NYSE: ACN) will acquire Clarity Insights, a Chicago-based data consultancy with artificial intelligence (AI), machine learning (ML), and deep data science expertise. 90% of the data in the world was created in just the past 10 years, with 175 zettabytes of data expected to be created by 2025.