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Savoy Life is building a virtual care platform for long-term care facilities. Peter Emigh, Savoy Life's founder and CEO, said he saw the need to improve long-term care facilities while working as a healthcare administrator at CareMore Health. He said improving the lives of everyday residents receiving long-term care starts with giving operators of those communities more – and better – tools. Savoy Life is entering an already booming market focused on the aging population, which could grow to north of $2 trillion by 2028, according to research consultancy Markets N Research. Check out the nine-slide pitch deck that Savoy Life used to raise $3 million and launch out of stealth.
Persons: Peter Emigh, Savoy, Organizations: Red Cell Partners, American Healthcare Association, National Center for, CareMore, Research, Frontrunners
Clover Health bet big on a controversial new Medicare program with a huge revenue opportunity. Clover Health is slashing its footprint in a key federal program that the health-insurance upstart has bet big on since 2021. The direct-contracting program aims to lower costs for Medicare by changing up how doctors caring for traditional Medicare patients are paid. But Clover lost money during the first year of the program. This article was initially published on November 8 and has been updated with information about Clover's performance in the direct-contracting program in 2021.
Healthcare payers and providers are broadening the scope of health-influencing factors they address to include social determinants of health (SDOH). The following is a preview of one Digital Health report, the Social Determinants of Health Report. Hospitals and insurers use digital health to tackle nonclinical health factors. What are social determinants of health (SDOH)? Social determinants of health (SDOH) are non-medical, economic and environmental conditions that both directly and indirectly impact one's health, like access to transportation and nutritious food.
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