Rock Health News

 

Research 4/15/15

Healthcare reform puts consumers in charge

By Teresa Wang and Sarah Jacobson Given the legislative landscape, it’s no surprise that healthcare consumer engagement, which we define as consumer tools for the purchasing or selection of healthcare services or health insurance, has consistently been in the top 6 categories for digital health funding. The underlying cost shift that is turning patients into savvy-consumers is especially noteworthy. Beginning on January 1, 2014, the Patient Protection and Affordable Care Act mandated individuals to maintain minimum essential coverage each month or pay a penalty. And thanks to the ACA, 16.4 million previously uninsured Americans now have coverage. The health insurance exchanges and expansion of Medicaid to people who earned up to 138% of the federal poverty level were essential drivers of this drop of uninsured Americans. 85% of enrollees from the individual marketplace selected a high deductible health plan. (Tweet this) Being insured comes at a price—and it looks like individual consumers will be paying it. In 2013, out-of-pocket expenses grew 3.2% to account for 12% of national health spending, and this number is only expected to continue to rise with the abundance of high deductible health plans (HDHPs). Eighty-five percent of enrollees from the individual marketplace selected a HDHP. Individual…

Research 4/15/15

Healthcare reform puts consumers in charge

By Teresa Wang and Sarah Jacobson Given the legislative landscape, it’s no surprise that healthcare consumer engagement, which we define as consumer tools for the purchasing or selection of healthcare services or health insurance, has consistently been in the top 6 categories for digital health funding. The underlying cost shift that is turning patients into savvy-consumers is especially noteworthy. Beginning on January 1, 2014, the Patient Protection and Affordable Care Act mandated individuals to maintain minimum essential coverage each month or pay a penalty. And thanks to the ACA, 16.4 million previously uninsured Americans now have coverage. The health insurance exchanges and expansion of Medicaid to people who earned up to 138% of the federal poverty level were essential drivers of this drop of uninsured Americans. 85% of enrollees from the individual marketplace selected a high deductible health plan. (Tweet this) Being insured comes at a price—and it looks like individual consumers will be paying it. In 2013, out-of-pocket expenses grew 3.2% to account for 12% of national health spending, and this number is only expected to continue to rise with the abundance of high deductible health plans (HDHPs). Eighty-five percent of enrollees from the individual marketplace selected a HDHP. Individual…

Radical consumer-first ideas are necessary to revolutionize healthcare

Alejandro Foung, Co-founder and CEO, Lantern With 14.1 Americans gaining coverage under Obamacare, more individuals than ever are getting access to healthcare. This is great. What’s not great is that healthcare still costs a fortune. Growing deductibles and out of pocket costs make great healthcare too expensive and inaccessible for many Americans. A few Americans can afford high-end services like concierge medicine and face to face therapy—premium services that are tailored to your needs.  Everyone else—from self-insured employers to individuals who need to find cheaper, better options—is driving demand for digital health products that are meaningful and easy to use.

Radical consumer-first ideas are necessary to revolutionize healthcare

Alejandro Foung, Co-founder and CEO, Lantern With 14.1 Americans gaining coverage under Obamacare, more individuals than ever are getting access to healthcare. This is great. What’s not great is that healthcare still costs a fortune. Growing deductibles and out of pocket costs make great healthcare too expensive and inaccessible for many Americans. A few Americans can afford high-end services like concierge medicine and face to face therapy—premium services that are tailored to your needs.  Everyone else—from self-insured employers to individuals who need to find cheaper, better options—is driving demand for digital health products that are meaningful and easy to use.

Featured 3/10/15

The shifting center of care

How health care legislation has—and continues to—shift the center of care into the home for digital health patient management solutions.

Featured 3/10/15

The shifting center of care

How health care legislation has—and continues to—shift the center of care into the home for digital health patient management solutions.

Uber for your teeth: A founder’s story

We stepped into our portfolio company, Studio Dental’s brand new office-in-a-truck parked outside Rock Health HQ to catch co-founder and dentist Sara Creighton between patient visits. Here’s what she had to say about her path from dentist to entrepreneur, the role of design in healthcare, and advice for those who are thinking of taking the ultimate plunge into entrepreneurship. Full disclosure: Sara cleaned my teeth in the Studio Dental truck. I emerged with a gigantic smile—and not because of my new pearly whites. Firstly, we’re so excited about what you’re doing. Can you tell everyone what Studio Dental is? Studio Dental is the first dental office on wheels that will visit you at work. We prioritize service, design, and expertise to deliver an unmatched dental experience. What inspired you to build the first mobile dentist office? What about the dental industry needs to be revolutionized? Studio Dental was founded with the idea of providing better dentistry to more people. Dentistry is in serious need of sprucing up—the industry is stigmatized as old, smelly, and often times scary. I previously had a practice in North Beach in San Francisco where many concepts for Studio Dental were born—specifically, how we could use experiential design…

Uber for your teeth: A founder’s story

We stepped into our portfolio company, Studio Dental’s brand new office-in-a-truck parked outside Rock Health HQ to catch co-founder and dentist Sara Creighton between patient visits. Here’s what she had to say about her path from dentist to entrepreneur, the role of design in healthcare, and advice for those who are thinking of taking the ultimate plunge into entrepreneurship. Full disclosure: Sara cleaned my teeth in the Studio Dental truck. I emerged with a gigantic smile—and not because of my new pearly whites. Firstly, we’re so excited about what you’re doing. Can you tell everyone what Studio Dental is? Studio Dental is the first dental office on wheels that will visit you at work. We prioritize service, design, and expertise to deliver an unmatched dental experience. What inspired you to build the first mobile dentist office? What about the dental industry needs to be revolutionized? Studio Dental was founded with the idea of providing better dentistry to more people. Dentistry is in serious need of sprucing up—the industry is stigmatized as old, smelly, and often times scary. I previously had a practice in North Beach in San Francisco where many concepts for Studio Dental were born—specifically, how we could use experiential design…

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