Combining Technology And The Human Touch to Improve Healthcare For Employers and Their People

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Collective Health
Collective Health provides the first and best integrated solution that enables self-funded employers to manage plans, reduce costs, and care for their employees all in a centralized location. Investing in various vendors for each aspect of your healthcare strategy is cumbersome for your team, perplexing for your staffs, and detrimental to your bottom line. That is why businesses prefer Collective Health. To get greater value out of your total healthcare investment, we replace a disjointed experience with one integrated system.   According to Ali Diab, CEO at Collective Health, the organization believes that your health benefits and insurance plan should be as enjoyable as your favorite software or consumer products. Traditional business health insurance plans are complicated and inconvenient to use. Collective Health was created on the premise that better health insurance is possible. We have revolutionized the way health benefit plans function, driven by our commitment to make comprehending, navigating, and paying for care as simple as possible. We are redefining the healthcare experience for forward-thinking employers and their employees across the United States, with approximately 300,000 members and over 60 corporate customers (and counting).   While medical technology advances at a breakneck pace, the systems that govern healthcare coverage remain stuck in the past. Our current situation is perplexing. It’s excruciating. We all deserve to be treated in a much better way. Collective Health was built on the notion that things can be better. Our objective is to make understanding, navigating, and paying for care as simple as possible. The way health benefits function has evolved.
In the United States, more than 151 million individuals rely on their employers for healthcare coverage. That’s why we provide a connected healthcare experience for employers worldwide who want the best for their employees. We make this happen by using technology to develop a more intelligent solution and compassion to understand that every person matters. We have significant ideas on how make your healthcare experience better. We commenced by building a complete health benefits solution for leading U.S. companies. The more we understand, the more convinced we are that the experience of paying for healthcare requirements must be far superior to what it is now. Because employers pay for most private health insurance, we believe the potential to solve private healthcare must begin with forward-thinking businesses and their employees.   We are not just developing another health app or gadget; we are building a comprehensive solution to take the place of the health insurance offered by your employer. To that end, we are fortunate to have a competent, multi-faceted team assisting us in tackling this complex subject from all perspectives – design, engineering, finance, law, medicine, product management, and operations. We are committed to delivering a customer experience that values each person we serve with the same sincerity and dedication that we would expect for ourselves.   Nobody should have to battle for their healthcare. We believe that accessing healthcare and paying for it should be straightforward, transparent, and rewarding. That’s what we are working towards at Collective Health.

 

 

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Pioneering the World’s Most Patient-Centered Digital Clinic

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Hinge Health
Hinge Health is pioneering the most patient-centered Digital Musculoskeletal (MSK) Clinic in the world. We integrate advanced wearable technology with a comprehensive clinical care team featuring doctors of physical therapy, physicians, board-certified health coaches, and more to reduce MSK pain, opioid use, and procedures. Hinge Health is the #1 Digital MSK Clinic for health plans and personnel, including Boeing, Salesforce, and US Foods, which is accessible by millions of members. With offices across San Francisco, Austin, Chicago, Denver, Minneapolis, Portland, Seattle, and other cities, Hinge Health has raised $436 million to date. With a digital musculoskeletal (MSK) solution, Hinge Health is the preferred partner for 4 out of 5 companies. As the only end-to-end Digital MSK Clinic™ to deliver the industry’s most extensive clinical care model, Hinge Health provides access to physical therapy doctors, physicians, health coaches, and technology such as wearable sensors to direct exercise therapies. Hinge Health’s Digital MSK Clinic™ pioneered specialized care programs for every population’s requirements, from prevention to post-surgery, establishing the benchmark for digital MSK care. Boeing, US Foods, and Salesforce are among the 300 health plan, employer, and public sector customers that Hinge Health partners with. Dan has a long history of MSK injuries, including multiple leg surgeries, and has a strong desire to improve the outcomes for musculoskeletal disorders. Dan founded the Oxbridge Biotech Roundtable and OneStart, a large healthcare accelerator programme. Dan brings his startup technology experience as well as his healthcare expertise as CEO to Hinge Health. Hinge Health is the first business to combine wearable-sensor guided exercise therapy with 1-on-1 health coaching and patient education, making it easier to deliver expert-recommended care to millions of patients. For organizations and health plans, it is the most prevalent musculoskeletal solution.
Hinge Health is supported by Bessemer Venture Partners, Insight Partners, Atomico, Lead Edge Capital, 11.2 Capital, Quadrille Capital, and Heuristic Capital. On February 4, 2020, the firm raised $90 million in a Series C financing. Hinge Health now has a total funding of $126.1 million. “We founded Hinge Health in 2014 because we recognized that the state of MSK care was fantastically fractured. Patients have a terrible experience where they are trying to receive treatment for back or joint pain, and can’t get the results they’re looking for. So many Americans were suffer from MSK pain, often turning to costly surgeries that ultimately do more harm than good. Clinical studies show that two-thirds of back and joint surgeries are avoidable with consistent exercise therapy and lifestyle changes. Additionally, opioids are often over-prescribed for MSK pain, but we know these are not a long term solution. We wanted to offer a better option to patients,” said Daniel Perez, co-founder and CEO of Hinge Health. By integrating a comprehensive clinical care team with the industry’s most advanced technology portfolio, Hinge Health continues to set new benchmarks in personalized MSK care:
  • For exercise treatment and motion assessments, computer vision and motion sensors are used.
  • Hinge Health Enso is a game-changing wearable technology that provides instant non-invasive, non-addictive pain treatment.
  • By incorporating health data with 750,000+ providers, HingeConnect is bridging the gap between in-person and digital MSK care and enabling real-time interventions.
“This is an exciting time to be a Hinge Health customer. We just closed a $300M investment round, giving us 10x more capital than any other digital MSK solution. We’re going to seize this unique opportunity to continue defining the category we created via heavy investments into R&D, data science, and clinical rigor,” said Daniel Perez.

 

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Transforming America’s Healthcare System

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VillageMD

VillageMD is a prominent healthcare provider for businesses who are transitioning to a primary care-led, high-value clinical paradigm. Physicians can use the VillageMD solution to obtain the tools, technology, operations, and personnel support they require to deliver high-quality clinical results across a community. VillageMD collaborates with physician groups, independent practice associations, and health systems to enhance quality, provide excellent patient experience, and reduce costs in the areas they serve.

Tim Barry is the co-founder and CEO of VillageMD, an organization that provides technology, manpower, and other resources to help primary care physicians provide improved patient care. The firm has also established its own primary care clinics, announcing over the summer that Walgreens will invest over a billion dollars over the next five years to build hundreds of VillageMD clinics next to its pharmacies.  Many of our Village Medical at Walgreens clinics are conveniently placed next to Walgreens pharmacies, ensuring that patients have more equitable access to healthcare. We have also expanded access to primary care in the home and virtual visits through our proprietary telehealth technology.

We have established ourselves as a significant provider of value-based primary care services at clinics across the United States through our subsidiary, Village Medical.

VillageMD has grown to over 2,500 physicians across eight markets, accounting for about 500,000 lives and $3 billion in total medical spend in value-based contracts.

Tim evangelizes the idea of a primary care-led healthcare delivery system that improves clinical outcomes in the communities where VillageMD works.  Prior to joining VillageMD, Tim held a number of top executive positions in the healthcare industry, all of which focused on empowering healthcare providers to deliver market value through accountable care and population management.

Tim has spent his career in a number of roles, including directing an IPA, a $3 billion Medicare Advantage plan, and a Population Health company, designing and providing solutions to enable providers give a higher level of care and support to their patients. At VillageMD, we believe that to dedicate resources where they have historically made the most difference is the best solution. Rather than allocating 90 percent of resources to reducing the impact of chronic illnesses, we’re investing in primary care to prevent them from happening in the first place and to reduce overall costs. Through the 1.6 million patients we currently serve, our staffs are healing healthcare itself. We’re expanding our network across the country to satisfy the growing demand for healthcare that prioritizes trust.

 

 

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