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        Global healthcare benefit provider World Class Health has raised USD 8 million in seed funding led by AlleyCorp, with participation from LifeX, Joyance, Cooley &amp; Co, City Light, Vivek Garipalli, and Munjal Shah.
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        The funding will be used to expand its Global Centers of Excellence (COE) and Concierge Health benefit platform that provides employees and families access to top-tier hospitals and doctors worldwide.
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        As of November 2024, the company has coordinated care for nearly 4,000 patients globally, achieving 90+ NPS and CSAT ratings. Its network delivers care at or below Medicare levels, claiming to offer employers USD 2 million in savings for every 10,000 employees.
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    <a href="https://www.prnewswire.com/news-releases/world-class-health-secures-8m-in-seed-funding-to-expand-concierge-health-benefit-with-the-largest-global-centers-of-excellence-network-302310898.html">
      Press release
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    <a href="https://hitconsultant.net/2024/11/20/world-class-health-secures-8m-to-expand-global-coe-concierge-health-benefit/">
      HIT Consultant
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Health Benefits Platforms

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 <p>World Class Health, a global healthcare benefit provider, successfully raised USD 8 million in seed funding. The investment was led by AlleyCorp, with additional funding coming from various participants including LifeX, Joyance, Cooley &amp; Co, City Light, Vivek Garipalli, and Munjal Shah. </p>
 
 <p>This financial boost will serve to broaden the reach of its Global Centers of Excellence (COE) and Concierge Health benefit platform, which currently offers employees and their families access to top-tier medical facilities and highly-ranked doctors worldwide.</p>
 
 <p>As of November 2024, World Class Health has effectively coordinated medical care for almost 4,000 patients around the globe, and has achieved impressive customer satisfaction with 90+ NPS and CSAT ratings. Their services are delivered at a cost that is similar or lower than Medicare levels, boasting that they can provide employers with savings of up to USD 2 million for every 10,000 employees.</p>
 
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World Class Health raises USD 8 million in seed funding to expand healthcare benefits

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 <p>Minu, an employee wellness platform, has raised USD 30 million in a Series B funding round. The round was led by Next Billion Capital Partners and saw participation from Flourish Ventures, Promotora Impact Ventures, Endeavor Catalyst, Clocktower Technologies, Working Capital Fund and existing investors like QED Investors, FinTech Collective, Redwood Ventures, Salkantay, and Nazca. This takes the company's total funding to date to USD 56.5 million.</p>
 <p>The new funding will be utilized to reinforce minu's regional presence in Mexico and to enhance its wellness offerings which span across financial, physical, and mental health aspects.</p>
 <p>As of November 2024, minu's platform hosts over 50 wellness benefits and has been adopted by over 2,000 enterprises. Prior to this, the company had collaborated with Citibanamex to integrate into the bank's retail app, thereby providing earned wage access to 5 million payroll clients.</p>
 
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minu raises USD 30 million in Series B funding to strengthen wellness offering

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 <p>Chicago-based benefits technology firm, bswift, has bought digital communications enterprise, Evive. The purchase price is yet to be revealed. Evive's specialization is in assisting health plans and employers in maximizing their benefits through personalized data-based strategies, comprehensive engagement reporting and uses predictive analytics.</p>
 <p>Using this acquisition, bswift plans to improve its personalization system. This will be achieved by the inclusion of personalized action journeys, rewards-driven gamification, access to benefits through mobile apps, as well as provisions for HR teams to monitor campaign performance and engagement parameters using analytic tools.</p>
 
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bswift acquires Evive for undisclosed sum to enhance benefits technology platform

ANALYST_QUICK_TAKE

PROMINENT_CATEGORY

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 <p>Ilant Health, a company specialising in solutions for obesity and cardiometabolic health, has joined forces with financial services firm, Galway Holdings. The collaboration is intended to provide extensive obesity care services.</p>
 <p>From January 1, 2025, employees of Galway Holdings will gain access to the Obesity and Cardiometabolic Center of Excellence offered by Ilant. Services at the center include behavioral therapy, anti-obesity medications, and bariatric surgery. Additionally, EPIC Insurance Brokers &amp; Consultants, a subsidiary of Galway, will extend this solution to their clientele.</p>
 <p>The focal point of this partnership is to address chronic conditions and maintain GLP-1 costs with the help of Ilant’s inclusive care program. This program innovatively merges analytics, clinical proficiency, peer backing, and digital assets to achieve superior cardiometabolic health results.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> Earlier this year, in <a href="https:<br>
//sp-edge.com/updates/28582"> April </a> , the company raised USD 5.5 in a seed funding round. At the time of the fundraise, the company noted that it would use the funds to leverage its unique, value-based approach to address the growing challenges of obesity and cardiometabolic health markets. Through the partnership with Galway Holdings, the company appears to be working towards this goal.</p>

Ilant Health partners with Galway Holdings to provide obesity care solutions for employees

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 <p>Ontrak, a behavioral healthcare firm powered by AI, has enlarged its collaboration with Sentara Health Plans. This enhancement will enable the offering of Ontrak's Engage solution to Sentara's various members, focusing on care coaching to meet physical and behavioral health needs. This expansion strategy is poised to increase eligible members by over six times.</p>
 <p>Building on previous collaboration called WholeHealth+, Ontrak will further employ its Advanced Engagement System to continuously offer care coaching. This strategy is expected to help members navigate health challenges and bridge any existing care gaps.</p>

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Sentara Health Plans and Ontrak expand partnership for behavioral health solutions

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 <p>GoodRx, a prescription savings platform provider, has introduced a new ecommerce solution enabling consumers to order health products and medications for home delivery. They've initialized this service with a partnership with Opill, the first FDA-approved over-the-counter daily birth control pill.</p>
 <p>This ecommerce platform facilitates a direct-to-consumer shopping experience, permits ordering eligible health products avoiding doctor visits, delivers these products at home, and presents integration opportunities for consumer health and pharmaceutical brands within the GoodRx platform.</p>
 <p>GoodRx aspires to bridge healthcare access gaps via this platform, especially beneficial for more than 19 million women residing in areas with scarce contraceptive services. They believe this solution will alleviate obstacles like high costs and logistical hardships, meanwhile, providing direct access to Over-The-Counter (OTC) birth control without necessitating doctor visits.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> Previously, the company partnered with <a href="https:<br>
//sp-edge.com/updates/34057"> ARS Pharmaceuticals </a> and <a href="https:<br>
//sp-edge.com/updates/23593"> Sanofi </a> to offer discounted access to the companies’ allergy medication and insulin, respectively. With this launch of its ecommerce platform, the company expands its offerings, offering direct access to Opill. It opens up possibilities for the company to begin offering its other partner pharmaceuticals for a more comprehensive service.&nbsp;</p>

GoodRx launches ecommerce platform with over-the-counter birth control pill

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 <p>The mental well-being platform CredibleMind has successfully raised USD 7.5 million in a Series A funding round. Horizon Mutual Holdings led the round, with contributions also coming from previous investors.</p>
 <p>This investment is intended to fuel the expansion of CredibleMind's Health Plan and Public Health sectors. In particular, it will assist in the development of the platform's data engine, which is enhanced with artificial intelligence. This will aid in refining resource curation, consumer activation, care navigation, and the advancement of quality and care outcomes.</p>
 <p>CredibleMind's reach has been expanding since October 2024, and it currently impacts over 30 million individuals across the nation. Major health plans and 100+ communities nationwide include the platform. There are more than 100 expert-curated resources for mental health topics on the platform.</p>
 
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CredibleMind raises USD 7.5 million in Series A funding from Horizon Mutual Holdings

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 <p>PeopleOne Health, a value-based primary care provider, has garnered USD 32.3 million in Series B financing. The round was led by GV (Google Ventures) and included contributions from healthcare entrepreneur Glen Tullman, increasing the total funding obtained by the company to USD 44.6 million.</p>
 <p>The newly acquired funding will aid in business expansion, the escalation of client services, and facilitating the company's growth in both existing and emerging markets. This includes strengthening operations, investing in the acquisition of talent as well as technology.</p>
 <p>Running nine primary care centers, PeopleOne Health enables employers to economize up to 30% on healthcare expenses. The company provides a comprehensive array of both physical and virtual care services such as primary care, diagnostics, mental health support, and more at zero copays or deductibles sponsored by the employer. The company's care model is designed to focus on prevention and treatment with the objective of promoting healthier livelihoods and minimizing healthcare costs.</p>
 
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PeopleOne Health raises USD 32.3 million in Series B funding from GV

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 <p>CVS Health has declared that David Joyner will take over as president and CEO, starting from October 17. He succeeds Karen Lynch, who has resigned from her role.</p>
 <p>Joyner holds 37 years of work experience in the healthcare and pharmacy benefit management industry. His previous role was the executive vice president of CVS Health and president of CVS Caremark, where he steered the pharmacy services business. His extensive career encompasses roles at Aetna and Caremark Prescription Services, alongside leadership roles at CVS Health.</p>
 <p>Following the announcement, CVS Board's current chairman, Roger Farah, is set to take on duties as the executive chairman.</p>
 
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CVS Health appoints David Joyner as president and CEO

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 <p>Beam Benefits, a digital employee benefits company, has raised USD 40 million in growth capital from Trinity Capital Inc., a financial solutions provider. This has increased Beam's total funding to USD 208 million.</p>
 <p>The capital will be used to scale operations and promote growth initiatives. This will support Beam's endeavour to modernize employee benefits by creating tools for brokers and partners benefits providers throughout the US.</p>
 <p>Beam Benefits provides dental, vision, life, disability, and supplemental health coverage for employers of all sizes. As of October 2024, the company's platform is available in 44 US states.</p>
 
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All Updates

World Class Health raises USD 8 million in seed funding to expand healthcare benefits

minu raises USD 30 million in Series B funding to strengthen wellness offering

bswift acquires Evive for undisclosed sum to enhance benefits technology platform

Ilant Health partners with Galway Holdings to provide obesity care solutions for employees

Sentara Health Plans and Ontrak expand partnership for behavioral health solutions

GoodRx launches ecommerce platform with over-the-counter birth control pill

CredibleMind raises USD 7.5 million in Series A funding from Horizon Mutual Holdings

PeopleOne Health raises USD 32.3 million in Series B funding from GV

CVS Health appoints David Joyner as president and CEO

Beam Benefits raises USD 40 million in growth capital from Trinity Capital

Health Benefits Platforms

World Class Health raises USD 8 million in seed funding to expand healthcare benefits

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