Getting a handle on health insurance data: Podcast with Vericred CEO Mike Levin

https://healthbusinessblog.com/wp-content/uploads/2017/12/hbdew0064-David-E-Williams-interviews-Vericred-Founder-and-CEO-Mike-Levin.m4a Mike Levin, Vericred Founder and CEO A huge ecosystem of technology companies has sprung up with tools to shop for health insurance, search drug coverage, administer HR and benefit plans, make physician appointments and more. They all need accurate, accessible, and detailed data on topics such as health plan design and rates, provider network participation and drug formularies in order to succeed. It’s remarkably difficult and expensive to obtain and maintain the data, and this has created an opportunity for a specialized company —Vericred— to perform the function as a utility for the whole industry. I’m excited by the opportunity and recently joined the board of Vericred to help guide the company’s growth. In this podcast, I interview founder and CEO Mike Levin about the market and how Vericred is addressing it. Overview: (0:15) What are some of the key data challenges in the health insurance market? (1:53) Why are these problems so tough? Don’t other industries have similar issues? (6:23) So what’s the problem? With consumerization you have all these new players springing up and health plans just need to work with them, right? (7:40) What are the typical approaches to addressing these problems? Are the problems being solved? (9:16) You talk about “liberating” the data. Doesn’t tha...
Source: Health Business Blog - Category: Health Management Authors: Tags: e-health Entrepreneurs Health plans Podcast insurtech vericred Source Type: blogs