Healthcare costs are
out of control.
Inefficient Reimbursement Process
Reimbursement process consumes 40¢ of every $1.00
On average physicians lose $70,000 in non-billable time interacting with health plans
In US Healthcare waste
Clinical and operational costs comprise 50%
Costs outpace wages by 3x
Insurance premiums growth are 3x higher than relative wage growth
US Healthcare is fragmented
Wasteful ER Visits
Unnecessary emergency room visits, testing and procedures
No central repository for personal health information
No Personal Guidance
No personal guide to assist with treatment options and direction to appropriate providers
No Single Source
No single source of quality health content
Comprehensive guidance at your fingertips
Instant access to healthcare professionals 24/7
High quality providers
Strategic purchasing = savings capture
High quality narrow network
Employee-centric tool to activate health
Payment at the time of service
Health care costs are going up every year for employers and way outpacing inflation," Keywell said before calling the system "out of control." He added, "When employers start to get data-enhanced transparency and collective buying power, maybe the tide can be turned a little bit.
The Right Team
Karen Ferrell CEO
Karen is the former CEO of Apollo Health Street. She brings 25+ years of healthcare experience including responsibilty for $32B in medical costs for 12M as an SVP at CIGNA Healthcare.
Brad Keywell CO-CHAIR
Brad is a noted entrepreneur and co-founder of Groupon. Brad brings buying expertise and knowledge of one of the fastest growing companies in history
Glen Tullman CO-CHAIR
Glen is the former CEO of Allscripts, the leading provider of Electronic Health Records, and a number of other companies. Glen brings expertise on healthcare information, access and connectivity.
Lee Shapiro Board Member
Lee is the former President of Allscripts and has completed over $4B in healthcare related M&A.