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Price transparency and direct-payment insurance startup Sidecar Health has announced a $125 million Series C round led by Drive Capital. New investors BOND, Tiger Global and Menlo Ventures, as well as prior backers Cathay Innovations and GreatPoint Ventures, also participated.
This raise is a substantial jump in size from its $20 million round back in July or its $18 million raise from 2019. With it, Sidecar said that it s reached a $1 billion valuation.
WHAT IT DOES
Sidecar Health s members use the startup s app to customize the amount of annual healthcare coverage they would like, and whether they would like coverage for prescriptions. Because their approach is based on self-pay service rates, members can use a built-in price comparison to choose from the services of any local providers.
[author: Regina DeSantis]
On December 4, 2020, the Supreme Court agreed to hear arguments to decide the legality of the Department of Health and Human Services’ (HHS’s) authorization for states to incorporate work requirements into their Medicaid programs. The consolidated cases,
Azar v. Gresham and
Arkansas v. Gresham, challenge the legality of work requirements in two states’ Medicaid programs Arkansas and New Hampshire. On January 19, 2021, the last full day of the Trump Administration, outgoing HHS Secretary Alex Azar filed HHS’ main Supreme Court brief supporting the states’ work requirements.
We first wrote about the Centers for Medicare & Medicaid Services’ (CMS’s) policy allowing states to require some Medicaid recipients to hold employment or participate in community engagement activities back in 2018. Since then, we also reported on how a federal district court twice invalidated those requirements. Last year, we reported that a three-judge pan
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Massachusetts has a new telehealth law on the books, signed into law by Governor Charlie Baker as part of a comprehensive healthcare bill. The telehealth provisions constitute only a portion of the 70-page legislation, but represent the first major formalization of telehealth laws in Massachusetts. The Act was successfully signed into law on January 1, 2021, following several years of proposed legislation and unsuccessful attempts at laws on insurance coverage and practice standards. This article highlights the top three changes in the Act for telemedicine and digital health companies.
1. New Definition of Telehealth for Medical Practice
Enrolling in such a CMS-sponsored innovation model now has an added benefit: a new Anti-Kickback Statute (AKS) safe harbor.
This is the fourth article in a series analyzing recent updates to the Stark Law and Anti-Kickback Statute and their effects on health care providers.
In its mission to reward value over volume, the Centers for Medicare & Medicaid Services’ (CMS) Innovation Center develops and tests novel payment and service delivery models for patient care. On November 20, 2020, the Office of Inspector General (OIG) adopted regulations creating two AKS safe harbors related to CMS-sponsored models (the New AKS Regulations) recognizing the importance of such models.
Under a bill introduced by Sen. Kristin Roers, R-Fargo, nursing home residents would be able to assign caregivers who could come and go from their facility, opening an emotional support line.