Centivo’s health plan solution recognized in the Population Health Management/Patient Engagement category
NEW YORK; September 14, 2020 – Centivo announced today that it has been selected as a winner in the Fierce Innovation Awards – Healthcare Edition 2020, a peer reviewed awards program from the publisher of Fierce Healthcare. The competition highlights companies that demonstrated innovative solutions that have had the greatest potential to save money, engage patients, or revolutionize the industry.
Centivo was selected as the winner for the Population Health Management/Patient Engagement Solutions category for its innovative self-funded health plan solution that is built to save 15 percent or more compared to traditional insurance carriers and is easy to use for employers and employees. Centivo builds local networks with trusted health systems and independent practices from the ground up, then provides employees with a plan option in which they coordinate their care through their selected primary care team in exchange for free primary care and simple, predictable co-pays for all other coordinated, in-network care. Centivo’s easy-to-use plan also ensures a great member experience through clear communications, concierge customer service, and modern, mobile-first technology.
Judges for the Fierce Innovation Awards included an exclusive panel of executives from major healthcare companies such as Accenture Health; Aspirus, Inc.; Aveus, a Division of Medecision; Cook Children’s Health Care System; Duncan Regional Hospital; Evolution Road; GNS Healthcare; Hackensack Meridian Health; HMS; and Proliance Surgeons. All applications were evaluated based on a product or service’s effectiveness, technical innovation, competitive advantage, financial impact, and true innovation.
“At Centivo, we’re committed to helping employers offer their employees affordable health benefits without sacrificing coverage,” said Centivo CEO Ashok Subramanian. “We made this our goal so that the millions of Americans struggling to afford healthcare can get the quality care they need when they need it, and we’re grateful that Fierce Healthcare recognized our work by selecting us as one of the most innovative healthcare companies of the year.”
Winners were announced today in the 2020 Innovation Report published by Fierce Healthcare. Read Centivo’s profile here.
Centivo is a new type of health plan that’s built to save 15 percent or more compared to traditional insurance carriers and is easy to use for employers and employees. Centivo’s mission is to bring lower cost, higher quality healthcare to the millions of people in the United States who struggle to pay their healthcare bills. With Centivo, employers can implement a health plan that provides a range of network and benefit options to best meet the needs of their diverse workforce. We take unnecessary cost out of the healthcare system by directly negotiating competitive prices with health systems and independent practices that provide high quality care and expanded access, integrated virtual care, and a good patient experience, and provide employees with a plan option in which they coordinate their care through their selected primary care team in exchange for lower out-of-pocket costs. An alternative to traditional insurance carriers or third-party administrators, Centivo offers the provider network, technology, and support to fully administer health benefits. With offices in New York City and Buffalo, Centivo is backed by Bain Capital Ventures, Maverick Ventures, Bessemer Venture Partners, Ingleside Investors, Rand Capital, Grand Central Tech Ventures, and Oxeon Investments.