SAN FRANCISCO, July 17, 2017 /PRNewswire/ -- Sempre Health, the leading solution for behavior-based healthcare pricing, officially launched health plan partnerships today to empower consumers to lower their own medication costs. Sempre works with health plans and pharma manufacturers to dynamically adjust a patient's co-payment based on individual adherence and behavior, seamlessly at the point of fill.
Current healthcare pricing is "one size fits all." All people with a given health plan have the same deductibles and copayments, regardless of individual behaviors or specific clinical needs. At the same time, 1 in 3 patients has skipped or delayed medically necessary care because of cost. These patients go on to be less healthy and more expensive to the health system and its payers.
Building on momentum from graduating the Alchemist Accelerator and concluding a favorable randomized controlled trial in 2016, Sempre Health is now partnering with a large regional health plan. This Sempre program will enroll heart patients and engage them over SMS, using the principles of behavioral economics to incentivize healthy decision-making. Similar to a "good driver discount" with car insurance, if a patient is adherent and takes her medications regularly, she will pay less when filling her prescriptions. Patients can bring their own costs down over time, thereby supporting long-term behavior change and saving healthcare dollars, while addressing affordability in a unique way. Sempre's technology parses millions of prescription records to predict the right price, for the right patient, at the right time. Then their data integrations deliver that price at any pharmacy in the US. Via SMS, patients have 24/7 access to their current discounts, why they got those discounts and guidance on how to improve their health.
"Patients who are committed to making healthy choices improve their own outcomes and bring significant savings to the system, yet they rarely get any financial benefit for doing the right thing. What kind of healthy behaviors might we have if it weren't expensive to have them?" said Anurati Mathur, Sempre Health CEO. "With Sempre, your behavior is currency, and it counts towards the health expenses you face every day."
Sempre Health is building a world where healthcare benefits are individualized and responsive. To achieve this vision, Sempre raised a $2.5M seed round last year from Social Capital, a top-tier Silicon Valley investor in consumer healthcare.
"There are many vast, systemic problems to address in today's healthcare landscape, but Sempre has the power to instantly transform an individual patient's healthcare experience," said Ashley Carroll, Partner at Social Capital. "The real magic in Sempre's model is that patients, providers, health plans and pharma manufacturers all win when patients are incentivized to do what's in their best interest. We are thrilled to partner with this phenomenal team as they make healthcare more personal and affordable for consumers everywhere."
To learn more about Sempre Health visit www.semprehealth.com
About Sempre Health:
Founded in 2015, Sempre Health empowers consumers to lower their own healthcare costs over time. Through exclusive relationships with pharma manufacturers, health plans and switches, Sempre Health builds individualized and responsive benefit designs, which are available seamlessly to consumers across the country. For more information, visit www.semprehealth.com
CONTACT: Tara Wagner, [email protected]
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Current healthcare pricing is "one size fits all." All people with a given health plan have the same deductibles and copayments, regardless of individual behaviors or specific clinical needs. At the same time, 1 in 3 patients has skipped or delayed medically necessary care because of cost. These patients go on to be less healthy and more expensive to the health system and its payers.
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Building on momentum from graduating the Alchemist Accelerator and concluding a favorable randomized controlled trial in 2016, Sempre Health is now partnering with a large regional health plan. This Sempre program will enroll heart patients and engage them over SMS, using the principles of behavioral economics to incentivize healthy decision-making. Similar to a "good driver discount" with car insurance, if a patient is adherent and takes her medications regularly, she will pay less when filling her prescriptions. Patients can bring their own costs down over time, thereby supporting long-term behavior change and saving healthcare dollars, while addressing affordability in a unique way. Sempre's technology parses millions of prescription records to predict the right price, for the right patient, at the right time. Then their data integrations deliver that price at any pharmacy in the US. Via SMS, patients have 24/7 access to their current discounts, why they got those discounts and guidance on how to improve their health.
"Patients who are committed to making healthy choices improve their own outcomes and bring significant savings to the system, yet they rarely get any financial benefit for doing the right thing. What kind of healthy behaviors might we have if it weren't expensive to have them?" said Anurati Mathur, Sempre Health CEO. "With Sempre, your behavior is currency, and it counts towards the health expenses you face every day."
Sempre Health is building a world where healthcare benefits are individualized and responsive. To achieve this vision, Sempre raised a $2.5M seed round last year from Social Capital, a top-tier Silicon Valley investor in consumer healthcare.
"There are many vast, systemic problems to address in today's healthcare landscape, but Sempre has the power to instantly transform an individual patient's healthcare experience," said Ashley Carroll, Partner at Social Capital. "The real magic in Sempre's model is that patients, providers, health plans and pharma manufacturers all win when patients are incentivized to do what's in their best interest. We are thrilled to partner with this phenomenal team as they make healthcare more personal and affordable for consumers everywhere."
To learn more about Sempre Health visit www.semprehealth.com
About Sempre Health:
Founded in 2015, Sempre Health empowers consumers to lower their own healthcare costs over time. Through exclusive relationships with pharma manufacturers, health plans and switches, Sempre Health builds individualized and responsive benefit designs, which are available seamlessly to consumers across the country. For more information, visit www.semprehealth.com
CONTACT: Tara Wagner, [email protected]
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SOURCE Sempre Health
