I developed a keen interest in the healthcare and health insurance industry after working on a few projects at my internship. Here are a few companies looking to disrupt the way things are traditionally done in health. This is especially difficult with the heavy regulations that surround the industry.
Castlight is a health tech company that helps consumers see how much health care services cost. Castlight operates a platform that helps enterprises better manage their healthcare costs. At the core is a sophisticated Big Data system that pulls from sources like healthcare providers, insurance companies and quality-monitoring organizations to detect trends and provides feedback on actions to take. It can help enterprises control healthcare costs without sacrificing quality or employee benefit satisfaction. Castlight can help improve health and productivity by limiting absenteeism, boosting workplace performance and reducing the complications of poor care.
PatientBank is a platform that makes it easy to gather and share medical records. Patient Bank’s services are available for patients, providers and registries. Patients can take control of their health information with PatientBank's personal health record service. Providers can efficiently gathering and releasing medical records. Registries can Improve data gathering and management and use this tool to boost patient engagement, while letting clinical researchers find data easily. The idea for Patient bank was born at a hackathon event at Yale where Paul Fletcher-Hill and Kevin Grassi connected. The idea evolved after understanding a pain point of patients; having to go through a tedious process of calling and faxing to obtain their medical records from providers.
Aptible is a platform that lats companies and products deploy complex architectures easily and securely, with zero downtime. They can use their existing code and workflows while Aptible runs their ops. When Aptible hosts apps and databases, their HIPAA compliance platform streamlines HIPAA Privacy, Security, and Breach Notification Rule efforts. Aptible provides a one-click deployment, is easily configured from the command line or web dashboard. It is designed to consolidate clients’ security program and isolate vulnerabilities so clients can focus on great engineering instead of HIPAA compliance. It offers the flexibility of running multiple languages, frameworks, and databases. Aptible handles servers, network topology, backups, encryption, backend access, and more. Integration is as simple as adding a single file to clients’ codebase.
Oscar is a two+ year old health insurance company with a presence in New York and New Jersey. It sought to enter the health insurance business dominated by large companies that have existed for years and improve the customer experience. Traditionally health insurance has been very non transparent and outmoded in its workings and costs. Oscar sought to disrupt this status quo. Started by a venture capitalist, an ex Microsoft employee and a business consultant, Oscar believes that technology can provide the change this industry needs. Oscar offers slick apps, website, branding and advertisement to give the impression of it being different. It provides some cool features such as price transparency, providing customers with free fitness bands, cash incentives to stay fit and promises of better customer service. Oscar has raised about $300 million from investors, is currently valued at $1 billion and has become a serious competitor in New York and New Jersey