Daniel from Improve Press
Tennessee-based insurtech supplier Clover Well being introduced a partnership with psychological and behavioral well being platform Quartet Well being, which is able to deliver value-based behavioral healthcare to Clover members with extreme psychological sickness by Clover Residence Care.
Clover Residence Care delivers care entry, remedy assist, psychological and bodily care coordination and group assets to seniors. Clover helps Medicare Benefit plans.
Quartet’s Entire Well being will add in-person or digital remedy or psychiatry plus self-guided packages to Clover’s choices.
The service matches sufferers with psychological well being professionals based mostly on preferences, wants and insurance coverage. Suppliers may refer sufferers to the service.
Quartet Clinicians will use the Clover Assistant platform, an AI software that aggregates information to assist well being suppliers make choices relating to continual situations. Their platform now contains choices to assist people with critical psychological sickness.
“Sufferers are sometimes compelled to navigate an extremely fragmented healthcare system, a system that fails to satisfy their wants, contributes to pointless hospitalizations and, finally, worse outcomes. That’s why it was so important for us, in growing our Entire Well being program, to take an method that treats the entire particular person in a means that improves high quality and affected person outcomes, whereas additionally decreasing the price of care,” Christina Mainelli, CEO of Quartet Well being, instructed MobiHealthNews in an e mail.
THE LARGER TREND
In December of 2021, Quartet Well being introduced it acquired fellow digital psychological well being firm InnovaTel Telepsychiatry. The acquisition enabled Quartet to develop capability and supply capabilities.
The announcement got here days after a $60 million funding spherical and partnership announcement with Independence Well being Group. The deal allowed Quartet to develop its affected person identification instruments and develop its means to assist extra situations.
Final yr, Clover Well being settled a number of lawsuits that alleged the insurtech firm was beneath energetic investigation when it went public in 2021.
The identical yr, Clover averted a inventory delisting after regaining compliance with the minimal bid worth requirement of closing at $1 or extra per share for a minimum of 10 consecutive days. On the time this text was revealed, Clover was buying and selling on the NASDAQ at $0.88 per share.
In December, Clover Well being elected to exit the Heart for Medicaid and Medicaid Companies ACO REACH program, which helps care supply and coordination for folks in underserved communities.
Nevertheless, the Tennessee-based firm posted an upward development in 2023’s This autumn earnings report and has been reducing down on losses since 2022.
