Every year, the HLTH conference provides healthcare leaders an opportunity to assemble and share concepts. The occasion additionally provides firms the possibility to announce information — oftentimes about new merchandise, partnerships and enterprise plans.
Beneath are seven noteworthy bulletins made throughout this yr’s HLTH convention in Las Vegas.
Mark Cuban’s Value Plus Medicine firm will companion with TrumpRx
Throughout an onstage session at HLTH, Mark Cuban revealed a forthcoming partnership between his Cost Plus Drugs firm and TrumpRx, a federal program designed to convey discounted prescribed drugs on to shoppers.
TrumpRx, which is ready to launch early subsequent yr, will perform as a referral platform, directing folks to web sites like Value Plus Medicine. By means of this partnership, Value Plus Medicine will present its pricing information to TrumpRx.
Cuban stated he hopes this collaboration will disrupt the standard PBM mannequin, which he has lengthy criticized for contributing to the nation’s exorbitant drug costs.
Optum launches claims administration platform
UnitedHealth Group subsidiary Optum unveiled an AI-powered real-time claims administration platform known as Optum Real. The system is designed to cut back friction between suppliers and payers throughout claims submission and reimbursement processes.
The platform’s objective is to permit suppliers to immediately confirm particulars about sufferers’ advantages and protection, subsequently decreasing the guesswork and delays that suppliers usually face when making an attempt to receives a commission.
Cedar rolls out new instruments to assist folks afford care
Healthcare funds startup Cedar launched Cedar Cover, a digital platform geared toward serving to sufferers entry Medicaid protection and monetary help. The platform — which integrates with hospital billing workflows — helps determine sufferers’ potential Medicaid eligibility, assists with their enrollment, manages their renewals and connects them to co-pay assist for medicines.
Given the latest Medicaid cuts underneath the One Large Stunning Invoice Act, Cedar’s new system is supposed to mitigate the hurt on sufferers and suppliers by lowering uncompensated care prices. Early adopters of Cedar Cowl embody Novant Well being, Baystate Well being and The Iowa Clinic.
Oscar Well being creates menopause-focused ACA plan
Oscar Health debuted a brand new Reasonably priced Care Act plan known as HelloMeno. The New York-based payer developed the plan in collaboration with Elektra Health, a digital supplier of menopause care.
Tailor-made for ladies navigating menopause, HelloMeno provides zero-copay main care, gynecological and behavioral well being visits, in addition to no-cost labs, hormone remedy, insomnia medicines and bone density scans.
AMA unveils new middle for digital well being and AI
The American Medical Association launched a new center geared toward giving physicians a stronger voice in shaping how digital well being instruments and AI applied sciences are deployed in scientific care.
The middle seeks to assist form insurance policies and laws round digital well being expertise, in addition to discover higher methods to combine these instruments into scientific workflows. Different objectives embody offering schooling and coaching to clinicians about the right way to use AI instruments and fostering collaboration throughout industries — together with with tech firms, payers, authorities and researchers.
Knownwell snags $25 million
Knownwell closed a $25 million funding round led by CVS Well being Ventures. The startup provides metabolic well being providers, main care, diet counseling and behavioral well being care — and in addition prescribes GLP-1s when thought of applicable. It offers digital care nationwide, in addition to in individual care at its clinics within the Atlanta, Boston, Chicago and Dallas areas.
With its new capital, the startup will concentrate on increasing care, each by including further clinics and rising its digital care group.
Highmark Well being groups up with Noom
Highmark Health, the Pittsburgh-based mum or dad firm of payer Highmark and well being system Allegheny Health Network, partnered with digital weight reduction firm Noom. They’ll provide Noom’s weight administration and behavioral well being applications to almost 2 million eligible Highmark members beginning subsequent yr.
The program is designed to leverage AI instruments and conduct‑science strategies, resembling meals logging, physique scan applied sciences and peer assist communities, to assist members develop wholesome habits quite than simply deal with illness. The profit can be accessible at no further value for Highmark’s eligible members.
Picture: HLTH
