Healthcare

Nomi Well being grabs analytics supplier Artemis Well being to chop employer healthcare prices

Direct healthcare supplier Nomi Well being has acquired well being analytics firm Artemis Well being to speed up its mission of reducing healthcare prices for employers.

Artemis gives analytics software program that helps employers and well being plans decrease the prices of their well being advantages whereas sustaining outcomes.

The instruments will construct on Nomi’s current platform, Nomi Join, which lets employers purchase companies instantly from suppliers. The corporate says it has delivered on a regular basis care to greater than 10 million People throughout 15 states, together with main the nation’s testing surge amid omicron. Nomi additionally says it runs the biggest cellular COVID care program within the nation with a fleet of greater than 50 care models touring all through care deserts.

Nomi shelled out $200 million for the deal, in line with Axios. The corporate didn’t reply to a request for remark.

RELATED: How COVID-19 is altering the best way HR professionals take into consideration worker advantages

“As prices skyrocket and entry shrinks, organizations want clear information at their fingertips and companions who know learn how to flip these insights into motion. Our acquisition of Artemis Well being does precisely that,” stated Mark Newman, founder and CEO of Nomi Well being, in a assertion. “Artemis shares Nomi’s outlook that U.S. healthcare is basically damaged and new market entrants are greatest positioned to rebuild it.”

Salt Lake Metropolis-based Artemis offers its companies to greater than 500 U.S. employers and advantages advisers, in line with the corporate, with prospects together with Intuit, US Meals, Paychex, GE Home equipment and J.B. Hunt.

The acquisition follows Nomi’s $110 million collection A spherical in December, co-led by Rose Park Advisors and Arbor Ventures.

Along with Nomi Join, the corporate additionally gives Nomi Care, an infrastructure that delivers well being companies like digital registration and area groups.

“Nomi Well being shares our ardour to enhance the price and high quality of healthcare within the U.S.,” stated Grant Gordon, co-founder and CEO of Artemis Well being. “We’re excited to convey our best-in-class information analytics capabilities to Nomi’s prospects and work collectively to shut the hole between perception and motion in healthcare. Collectively we are going to proceed to speed up Artemis’s improvement of progressive analytics options for employers and their advisors, and additional our mission by increasing our influence.”

RELATED: Employer insurance coverage prices jumped in 2021—and the long run is murky

Rising prices proceed to plague the U.S. healthcare system. Employer medical insurance prices spiked in 2021, with the common per-employee value rising 6.3%.

Whereas employers seem largely optimistic concerning the enhance, attributing it to a return to care after in-office visits plummeted in 2020, vital hurdles stay within the new yr, from the emergence of high-cost genetic and mobile drug therapies to inflated healthcare costs.

Client out-of-pocket spending additionally rose in 2021, about 10% in comparison with the yr prior, and that development fee is anticipated to carry via 2026.

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