SelectQuote Announces Expansion Into Healthcare Services With Launch of Population Health

SelectQuote, Inc. (NYSE: SLQT) introduces Population Health, its new healthcare services company, which will focus on providing seniors with an actively managed, high-touch consumer journey focused on improving medication adherence, health literacy and patient engagement. Partnerships with leading Value-Based Primary Care providers and a specialized medication management pharmacy are the foundational pillars of Population Health.

Launch of Population Health
According to the Center for Medicare and Medicaid Services, low health literacy costs Medicare an estimated $25 billion each year, while research from the Centers for Disease Control and Prevention shows almost half of seniors need more information and assistance to better manage their care. Each year, there are over 1.5 million preventable medication-related adverse effects according to The Journal of the American Pharmacists Association, and the Network for Excellence in Health Innovation estimates $100 billion in hospitalization costs attributable to patients not taking medications as prescribed.

“Value-Based Primary Care is an important part of our strategy to assist seniors with their healthcare literacy and to more closely align with our carrier partners to provide the best possible outcomes,” said Tim Danker, Chief Executive Officer. “We’re working with first-class service providers to deliver an ecosystem to our customers that will allow them to have improved outcomes and a simple solution to help improve their prescription medication adherence.”

Population Health (https://populationhealth.com/) will focus on providing awareness and utilization of benefits to address gaps in current healthcare literacy and wellness education for seniors. It will also provide simple solutions for prescription drug management and support with a personalized approach to streamline the process of managing multiple medications for seniors with chronic conditions.

Finally, Population Health will serve as the epicenter for consumers to learn more about Value-Based Primary Care providers to help drive the best health outcomes and experiences for seniors.

“Population Health is another step in our overall approach to optimize healthcare for seniors. We are the center-pivot of consumers’ healthcare experience and want to be able to deliver them the best solutions in the market,” said Bob Grant, President, Senior Division, who spearheaded the launch of Population Health. “It’s important to educate seniors not only on the benefits they receive from their current health plans, but to also help them manage their care with regular check-ins from our Customer Success Agents to help deliver optimum support.”