From Health Plan Week - Venture capital is flowing into the digital health space at rates that by midyear 2014 had already eclipsed what was seen for all of last year, according to new industry data. That leaves health insurers to consider investments in or outright acquisitions of a bevy of software developers, wearable device makers and behavioral health tool creators. Sifting through the suddenly crowded digital health startup market has become an important part of innovation efforts at major insurers, such as UnitedHealth Group’s UnitedHealthcare, as the search for new ways to make money, please a technology-obsessed public and generate efficiencies intensifies. Read more
From Health Plan Week - It takes nearly two computer screens to scroll through the list of state-mandated medical services that health insurers in California must cover. And on Aug. 22, a clarification of an existing state law added one more when the Department of Managed Health Care informed carriers that abortion services are a basic health service in the state and must be covered. Read more
From The AIS Report on Blue Cross and Blue Shield Plans - Thirty-two Blues plan CEOs who served that role for part or all of 2013 collectively earned nearly $25 million in salary and about $103 million in total compensation, which includes bonuses and incentives, according to data supplied by state regulators in response to The AIS Report’s Freedom of Information Act requests. While some top executives saw substantial compensation increases, salary levels were relatively flat in 2013 compared with prior years… Read more
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