Tennessee-based insurtech supplier Clover Well being introduced a partnership with psychological and behavioral well being platform Quartet Well being, which can carry value-based behavioral healthcare to Clover members with extreme psychological sickness by Clover Dwelling Care.
Clover Dwelling Care delivers care entry, treatment help, psychological and bodily care coordination and neighborhood sources 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 primarily based on preferences, wants and insurance coverage. Suppliers may also refer sufferers to the service.
Quartet Clinicians will use the Clover Assistant platform, an AI device that aggregates information to assist well being suppliers make selections relating to power situations. Their platform now contains choices to assist people with severe 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, in the end, worse outcomes. That’s why it was so important for us, in creating our Entire Well being program, to take an method that treats the entire individual in a manner that improves high quality and affected person outcomes, whereas additionally reducing the price of care,” Christina Mainelli, CEO of Quartet Well being, advised 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 broaden its means to help extra situations.
Final yr, Clover Well being settled a number of lawsuits that alleged the insurtech firm was below lively investigation when it went public in 2021.
The identical yr, Clover averted a inventory delisting after regaining compliance with the minimal bid value requirement of closing at $1 or extra per share for at the least 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.
Nonetheless, the Tennessee-based firm posted an upward pattern in 2023’s This autumn earnings report and has been reducing down on losses since 2022.
