SelectQuote Announces Expansion Into Healthcare Services With Launch of Population Health - Seite 2

Launch of SelectQuote Ventures
SelectQuote has formed SelectQuote Ventures, which will strategically evaluate potential partnerships and acquisitions to benefit the Population Health patient ecosystem. SelectQuote Ventures will focus on innovative, market-leading, consumer-oriented healthcare businesses with high growth potential. SelectQuote Ventures is uniquely positioned to accelerate organizational scale through SelectQuote’s ability to invest both operationally and financially.

Acquisition of Express Med Pharmaceuticals
The first acquisition for SelectQuote Ventures is Express Med Pharmaceuticals, a specialized medication management pharmacy, which is currently called MyMedPak. Express Med, which will be branded as SelectRx, uses a high-touch, technology-driven approach to achieve improved medication adherence and superior customer service. The company has developed an innovative pill pack solution that is customized to the unique needs of each patient, focusing on individual multi-dosages by day and time. SelectQuote will look to scale this business efficiently and effectively as part of the Population Health ecosystem.

Value-Based Primary Care Partnerships
Additionally, as part of the Population Health announcement, the company has partnered with leading Value-Based Primary Care providers, ChenMed, Conviva, Heal, Iora Health and Oak Street Health, to serve as key partners to achieve improved patient outcomes and best-in-class service providers to round out the total patient care approach.

Exclusive Partnership with Lyft
Another common gap for consumers is transportation to and from medical appointments, and while over 50% of SelectQuote Senior’s offerings of Medicare Advantage plans include this benefit, consumers often don’t take advantage of this service. To address this need, Population Health has partnered with Lyft to provide seniors and other Medicare beneficiaries with access to non-emergency medical transportation, where applicable.

“Partnerships and initiatives such as these are a north star in health care – the term ‘population health’ is easy to say and much harder to accomplish but by bringing best-in-class care to consumers, SelectQuote is getting us much closer,” said Dr. Kavita Patel. Dr. Patel, who joined SelectQuote’s Board of Directors in 2020, worked on healthcare reform under President Barack Obama and is a practicing primary care physician, who also serves as a Scholar at the Brookings Institution.