Health IT startup Bloom Health announced Friday that healthcare costs for employers who embraced its private health insurance exchange concept was 19 percent lower than the national average.
Bloom News
Charting a course toward a health exchange
Minneapolis-based Bloom Health is among exchanges that have begun to change how people buy health care.
MN employers embrace private health insurance exchange to manage costs
My Plan by Medica, a Minnesota-based private exchanged powered by Bloom Health, announced that they have enrolled 40 companies with over 10,000 employees covered.
Health plans launch own exchanges ahead of public versions
CEO Abir Sen was quoted by Minnesota Public Radio regarding health plans launching private health insurance exchanges.
Rethinking Employer Sponsored Health Coverage
Businesses consider the defined contribution model, an article by CEO Abir Sen.
CEO Abir Sen is one of 200 Minnesotans You Should Know
From rising stars and agents of change to industry titans, creative geniuses, sports leaders and celebrities, meet the people to know about.
8 Startups That Are Shaking Up The Health Care Industry
Health care is one of the most searched topics on the Internet. From questions about which plan is best for you, to information about different medical conditions, the Web is often the first place people turn for answers.
Check out these eight startups that are revolutionizing the way we understand and utilize our health care to make life a little easier.
Two New Ventures Simplify Consumer-Driven Health Care
Bloom was recently written up in Forbes as a company that is going to get lengths to simplify health care user experiences.
Bloom Health snapped up by huge insurers
Bloom Health, a fast-growing Minneapolis company that operates in the private health-exchange market, has been acquired by giant insurer WellPoint and two big nonprofit insurers.
What Entrepreneurs Can Do About The Health Care Crisis
Bloom was mentioned as part of the solution for the health care crisis on Forbes.com.
Deal could energize Minneapolis start-up Bloom Health
Bloom Health says the sale of a majority stake to major insurers will help it to create a national health insurance exchange.
WellPoint, Non-Profits Invest In Private Insurance Exchange
WellPoint Inc. (WLP) and two non-profit health insurers have jointly purchased a majority stake in a private exchange that aims to offer employers a predicable way to spend on health coverage as the U.S. gears up for changes under the health-care overhaul law.
WellPoint Buys Insurance Exchange to Compete With State-Run Health Markets
WellPoint Inc. (WLP), the largest insurer by enrollment, is buying a private health-insurance exchange to compete for employers with the U.S. state-run marketplaces set to open in 2014 under President Barack Obama’s health-care overhaul….
As Private Insurance Exchanges Grow, Multiple Parties Reap Benefits
Although state health insurance exchanges do not have to be up and running until 2014, private exchanges are ahead of the curve, growing in popularity and increasingly seen as a way to control costs for employers and employees, and provide new sales opportunities for health plans.
Bloom Health wants to upend how employers buy health insurance
Serial entrepreneur Abir Sen wants to revolutionize how employers buy health insurance for their workers as well as provide more control and choice to employees in how they choose health benefits.
Private exchanges offer alternative
We were profiled in Politico.com’s Pro series for launching the nation’s first private exchange.
Private Exchanges Gain Traction
Minnesota-based Bloom health will announce today that two large managed care companies will start using its private health exchange platform. That includes Michigan’s largest insurer, Blue Cross Blue Shield of Michigan as well Medica, which has 1.66 million members in the Upper Midwest. Both are big gets for Bloom, which currently has about 50 employers with 25,000 members using its Private Exchange Platform. It also dovetails with what PULSE has been hearing a lot about lately: employers gravitating towards offering defined-contribution health benefits via a health exchange.
Some employers reboot with 401(k)-modeled health insurance plans
Even though some of the major changes of the federal health care overhaul won’t kick in for more than two years, the law is already spurring experimentation in the insurance market — including how employers provide insurance to their workers.
Bloom Health, Medica team on new plan
Health-care services startup Bloom Health Corp. and Medica are teaming up to launch a defined-contribution health plan that will allow a company’s employees to pick from 20 insurance products.
With Medica’s online tool, employers’ contribution made clear, users do the rest to pick coverage
As companies shift more health-care cost increases to employees, some firms are trying to show workers just how much they’re still paying.
Medica plan may be glimpse of future
Medica is launching a new plan for businesses that it says will help them gain more control of health care costs, while giving employees more say in designing their insurance plans — even as they’re picking up more of the tab.
Health Care Start-Up Provides New Approach to Benefits
With health care costs skyrocketing, companies are wondering how they are going to afford coverage for their employees in the years ahead. Bloom Health in Minneapolis re-thought the traditional managed care model and came up with something different.
Businesses try ‘private exchange’ insurance
Our client Orion Corporation and the CEO Mike Sarafolean was profiled in USA Today.
The Innovatives – 15 leaders achieving through innovation
Our very own Abir Sen as one of the top innovative business leaders.
Bloom Health hiring as it aims to help manage health insurance
A Minneapolis health-care startup is hiring as its service graduates out of beta.
What Does Health Care Reform Mean for Startups and VCs?
Bloom was mentioned in a ReadWriteWeb article about Health Care Reform and Startups