Healthcare affordability remains a big issue in the United States, with around 30 million individuals lacking complete coverage and exorbitant medical expenditures forcing many into debt. Spot is addressing this problem by offering a digital, on-demand injury insurance product that may be used alone or in conjunction with standard health insurance. In a round of seed fundraising headed by GreatPoint Ventures, the firm raised $15 million in equity and $2.5 million in debt, with participation from Montage Ventures, Mutual of Omaha, MS&AD, and Silverton Partners.
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Who filled the post of Humana’s Military and Speciality Business President?
Humana Inc., a top health and wellness organization, has promoted Sue Schick, a health care industry veteran, to President of the firm’s Group, Military, and Specialty divisions beginning September 1, 2021. Schick joined Humana’s executive team at the beginning of 2020, with responsibility for employer group sales and market operations. “From the day Sue arrived at Humana, the Management Team, and I have been impressed by her leadership in the segment, with her work to restructure our market operations to her inclusive management style,” said Bruce D. Broussard, Humana’s President, and CEO.
Read more at DistilINFO HealthplanWCAS launches a new value-based healthcare company
WCAS, a private equity firm focused exclusively on the healthcare and technology industries announced the launch of Valtruis, a unique portfolio company that will invest in and partner with healthcare companies. It plans to realign and transform U.S. healthcare along the principles of value-based care. WCAS has made an initial investment of $300 million in this platform.
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