What You Should Know:– Centivo, a pioneering healthcare company committed to making quality healthcare radically affordable, is thrilled to announce the launch of Centivo Care, a virtual primary care practice seamlessly integrated into Centivo-administered health plans.–  This innovative platform addresses the growing challenge of primary care access, offering a streamlined digital experience that connects patients and providers with unprecedented ease.Revolutionizing Healthcare Access: Centivo Care’s Primary Care-Centered, Virtual-First ApproachCentivo is on a mission to make affordable, high-quality healthcare accessible to millions of workers who face challenges managing medical expenses. The company’s innovative health plan addresses inefficiencies in traditional employer-sponsored plans, reducing total care costs by 30% or more while delivering value to employers, employees, and partner health systems. In collaboration with leading local health systems, Centivo offers a primary care-centered model that integrates virtual care services for an effective alternative to conventional health insurance carriers.Centivo Care: A Pioneer in Virtual Primary CareCentivo Care stands out as one of the first virtual primary care practices to earn Patient-Centered Medical Home (PCMH) accreditation from the National Committee for Quality Assurance (NCQA), highlighting its commitment to exceptional patient care. Designed for seamless, user-friendly experiences, the platform combines affordability with comprehensive, patient-centered services.Key features of Centivo Care include:Free Appointments: Patients benefit from cost-free consultations.Comprehensive Support: A dedicated primary care team integrates behavioral health services and urgent after-hours assistance.Ease of Access: The intuitive mobile app connects patients to providers anytime, anywhere.Specialist Referrals: Patients are seamlessly guided to in-network specialists for continuity of care when advanced treatment is necessary.Empowering Patients Through Digital ToolsCentivo Care places control in patients’ hands through its user-friendly app, enabling them to:Engage in continuous chat with their care team for questions and progress tracking.Access personalized care plans and after-visit summaries.Request prescription refills and receive preventive care reminders.Transition to in-person care when needed.This patient-centric approach has resulted in a 96% customer satisfaction (CSAT) score. One patient shared, “I received care that I otherwise would have skipped,” demonstrating how Centivo Care ensures patients access essential healthcare.A Holistic and Personalized ApproachUnlike traditional telemedicine, Centivo Care fosters long-term relationships between patients and their primary care teams, ensuring personalized, whole-person care. This model is particularly attractive to younger individuals, over 70% of whom prefer the convenience of virtual healthcare.Leadership and Strategic GrowthDr

Centivo has raised $75 million in equity and debt financing to enhance affordable healthcare for employers and employees. New investors include Cone Health Ventures and MemorialCare Innovation Fund, alongside existing ones like B Capital and Morgan Health. The funds will help Centivo expand its affordable health plans amid rising U.S. healthcare costs, which reached over $4.5 trillion in 2022. Centivo's solution includes advanced primary care and direct contracts with accountable care organizations.

InnovationRx is your weekly digest of healthcare news. To get it in your inbox, subscribe here.Claimable cofounders from L to R: Zach Veigeiles, Alicia Graham and Warris Bokhari. Beau Grealy for ClaimableI ndustry watchers predict generative AI could lead to an administrative battle of the bots between doctors and health insurers over care decisions. That leaves patients in limbo without access to medications or other treatment while institutions duke out prior authorization and denial letters by fax, phone or algorithm. Warris Bokhari is trying to change that by putting the power of AI in the hands of patients.Bokhari, a physician-executive who has worked at Amazon, Apple and Anthem (now Elevance Health), saw that large language models like GPT-4 could be useful to summarize information for patients at different reading levels. The idea behind Claimable, his startup that launched Wednesday, is to use these models to flip the script