When you’re sick, signify could help you get better health coverage
- by admin
There’s no doubt that health insurance plans are expensive, especially in rural areas.
And, like any business, insurance companies also need to generate revenue.
But in some cases, a doctor or hospital might offer better coverage.
Signify Health Connections, a startup that launched in July, aims to change that by offering better coverage in areas with high levels of medical demand.
In January, Signify raised $20 million from investors including Accel Partners and KKR.
Its new health network has already expanded to about 150 hospitals in North Dakota, Minnesota and Pennsylvania, and it is testing its technology in a handful of other states.
“If you think about it, in many cases, it is a much more sustainable solution to provide a basic level of health coverage than a traditional system,” Signify CEO and cofounder Jennifer Bekman said in a phone interview.
If you can’t find a doctor who you want to go to, or if you’re not able to afford a specialist visit, Signified is able to help.
The company has partnered with clinics and hospitals across the country to provide health coverage to patients, said Bekmann, who is also an economist.
The company has also partnered with an insurance company called Medi-Cal to offer insurance to people with pre-existing conditions.
For instance, people who have diabetes can get coverage from a doctor, and those with pre and post-concussion conditions can get insurance from a hospital, Bekmans said.
As a health care provider, Signific would like to be able to offer better care to patients who don’t have insurance.
But it’s not just about providing better health care.
Signific Health Connectments is also working on new ways to help people with chronic illnesses.
Bekman and co-founder Nicole Ketter have already started work on a pilot project with a group of local medical clinics to provide care to people who live in areas where healthcare is lacking.
They are also working to expand their network to provide coverage to people in rural and remote areas.
But if Signific’s work doesn’t get it right, other companies may be able find a way to provide better coverage that isn’t covered by a government program.
A few years ago, a group called Physicians for a National Health Program launched an ambitious program that it says provides coverage to more than 10 million Americans, including about 300,000 people living in rural counties and 1 million people in underserved areas.
Physicians for A National Health Policy has about 15,000 members nationwide.
Even though the program’s primary goal is to help rural areas, some experts have warned that it could create a backlash.
Some Republicans have suggested that if the program expands to include more areas, the program will be too small.
For the people who qualify, the cost of coverage could be significantly higher than what they would get from the government program, said Jonathan Gold, the executive director of the American Civil Liberties Union of Nebraska.
It’s unclear whether Medicaid is going to expand as a result of this debate, but many experts are worried about what that might mean for rural residents and others who rely on Medicaid.
There’s no doubt that health insurance plans are expensive, especially in rural areas.And, like any business, insurance companies also need…
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