Health2047 is launching Zing Health, a tech-enabled Medicare Advantage plan for those who are underserved by existing insurance plans.
Zing Health's goal is to address the social determinants of health by delivering a wide array of services with little-to-no cost for members, an over-the-counter formulary and by offering patients access to care at novel sites such as federally qualified health centers.
Its Medicare Advantage plan can be personalized by each patient, Health 2047 said. Each Zing member will have access to a local field care team which can connect the individual to necessary services.
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The field team will also embed itself at partner hospitals to coordinate timely procedures and appropriate discharge practices.
Zing will use data from health assessments and socioeconomic situations to lower health risks for members and provide physicians with resources to improve population health management.
It will focus its initial efforts in the Midwest.
WHY THIS MATTERS
At least 80% of clinical outcomes are attributable to social determinants, according to Health 2047, a Silicon Valley business formation and commercialization enterprise launched by the American Medical Association in 2016.
The plan's approach acknowledges the importance of understanding a patient's circumstances outside a clinical setting.
The company said it offers a strategic, repeatable model that can scale to match the size of the problem and in turn improve health outcomes in populations that are chronically underserved.
THE LARGER TREND
Zing Health is the third company to spin out of Health2047. It was co-founded by Health2047 with entrepreneurs Dr. Eric Whitaker and Dr. Ken Alleyne,
Health2047's first spin out, Akiri, is building a cloud-based, peer-to-peer network to enable trusted data exchange across the U.S. healthcare economy. Health2047's second spinout, First Mile Care, is a preventive chronic care company focused on reversing prediabetes.
ON THE RECORD
"Zing Health is uniquely positioned to transform value-based care thanks to its innovative approach, its laser focus on service delivery and its tech-enabled platform that works alongside members and physicians," said Health2047 CEO Lawrence K. Cohen. "Isolated point solutions in healthcare are not enough – we need effective, transformational change from forward-thinking companies like Zing Health which focus on the entire healthcare ecosystem and address inadequacies, deliver value and produce better outcomes."
"We are building a program that is affordable, accessible and repeatable anywhere in the United States," said Zing Health co-founder and CEO Eric Whitaker. "We will co-locate care teams with community partners to collect real-time, on-the-ground data about our members and help them achieve their best health possible by ensuring they can access convenient, comprehensive care."
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