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Health Payment Systems, Inc. Names Centivo as a Third-Party Administrator for BHCG Member-Employers

Health Payment Systems, Inc. Names Centivo as a Third-Party Administrator for BHCG Member-Employers
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

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Shifting priorities stall insurers' digital transformation

Shifting priorities stall insurers digital transformation
Health insurers are digitizing their operations by taking notes from, say, people who shop at Warby Parker.
But while member claims can provide a window into a patient s health, personalizing coverage and healthcare is not as simple as picking up a pair of spectacles. A recent Deloitte survey of 35 technology leaders at health plans with 50,000 members or more highlighted this challenge, with 49% of respondents saying a lack of clear vision around how to best engage patients and providers presents the biggest blind spot in their digital transformation.
As organizations have been going along that journey of how do they modernize their core, the demand in the marketplace, the shift to be more consumer-oriented and engage consumers has really accelerated, said Bill Preston, a principal at Deloitte and author of the study. Health plans are in this dilemma where they re trying to complete these modernization ef ....

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How insurers' race to digitize has changed the role of CIO

How insurers race to digitize has changed the role of CIO
How insurers race to digitize has changed the role of CIO
Nona Tepper and Jessica Kim Cohen
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Last February, Lisa Davis started her new job as chief information officer of Blue Shield of California, entering the healthcare industry for the first time with a new set of responsibilities and a charge to transform the Oakland-based insurer s previous operating model. A month later, COVID-19 hit.
Who knew that when I took the job on February 24, 2020, that we would be entering into this global pandemic? Davis said.
Davis considers herself fortunate. Blue Shield of California had already laid out its digital transformation strategy. Insurers tight focus on crisis planning helped the industry adapt well during COVID. But even the most prepared underwent transformation. ....

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Health Payment Systems, Inc. Welcomes SV Health Investors as New Lead Investor

Health Payment Systems, Inc. Welcomes SV Health Investors as New Lead Investor
Health Payment Systems, Inc. Welcomes SV Health Investors as New Lead Investor
MILWAUKEE, Feb. 11, 2021 /PRNewswire/ Health Payment Systems, Inc. (HPS, the “Company”), an innovator in the healthcare payments space, today announced that SV Health Investors, LLC (“SV”) acquired a majority stake and provided growth financing to the Company. With this transaction, SV adds to its portfolio of growing healthcare technology investments. Hexagon, Inc., a private investment company and one of SV s limited partners, invested in HPS alongside SV.
Since its inception, HPS has helped self-funded employers in the Upper Midwest reduce the cost of healthcare, while maintaining high levels of provider and patient satisfaction. The Company s single-statement billing and patient financing services help families combat confusing and unaffordable medical bills, while its guaranteed payment model elimi ....

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