Vim Announces Expansion of National High-Value Care Guidance for Self-Funded Employers
SAN FRANCISCO--(BUSINESS WIRE)--Jan 9, 2020--
Today Vim announced an expansion of the company’s healthcare technology platform to support self-funded employers. The first stage of the expansion is in Washington state, where Vim has partnered with Premera Blue Cross to deliver the Premera Pulse platform and guide employees of their largest self-funded customer to high-value care destinations based on the personal needs and benefit design of each individual. The partnership is specifically focused on providing employees and their covered dependents with a seamless experience scheduling appointments with high-value providers in their network, and in helping care providers guide their patients to high-value specialists through a process that is integrated with existing clinical workflows.
“The Vim platform is a critical component of Premera Pulse, our navigation and advocacy model for self-insured customers that is guiding members at both a local and national level,” said Rick Abbott, Premera Vice President of Product and Market Solutions.
“We designed the Vim platform and business processes to directly align with the benefit designs of self-funded employers and value-based provider contracts to help people access high-quality, affordable care,” said Oron Afek, CEO of Vim.
In addition to their launch with self-funded employers in Washington, Vim delivered a more than 25% improvement in referrals to high-value specialty providers in Texas in 2019. The company is underway launching solutions across multiple states in 2020 that will support both fully insured health plan and self-funded employer members - with access to local recommendations and guidance that optimizes quality, cost, and member experience.
“When we began working as Vim’s business development partner in 2017, we believed in their innovative approach to engaging both members and providers, and in their performance-based business model,” commented Richard Lungen, managing member of Leverage Health Solutions, the healthcare Venture-Catalyst firm. “Throughout 2019, we have seen Vim deliver material results for healthcare payers, and we are excited to see the company expand in 2020.”
Vim partners with health plans and care providers to deploy a digital provider-network operating system for value-based care. Vim’s platform empowers providers with actionable insights at the point of care, guides patients to top doctors in virtual networks, and rewards care providers for value-driven behavior.
Backed by Sequoia Capital, Great Point Ventures, Optum Ventures, and Premera Blue Cross, Vim is headquartered in San Francisco with its main R&D hub in Tel Aviv, Israel. For more information, please visit https://getvim.com/.
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CONTACT: Ari Klein
KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES HEALTH TECHNOLOGY HOSPITALS PRACTICE MANAGEMENT INSURANCE SOFTWARE
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PUB: 01/09/2020 08:00 PM/DISC: 01/09/2020 08:01 PM