Transcarent, a digital platform centered on the self-insured employer market, introduced the launch of WayFinding, an AI-enabled consumer-facing platform that gives scientific steering, advantages navigation and care supply.
The platform guides sufferers by receiving care by answering questions on advantages and prices, recommending an acceptable course of scientific motion, after which connecting them to human care suppliers or digital options that handle their wants.
The announcement comes simply weeks after the corporate introduced it secured $126 million in Sequence D funding, bringing its valuation to $2.2 billion. On the time, it stated it deliberate to make use of the funding to speed up its AI capabilities.
“Think about if you happen to may go to at least one place, 24 hours a day, to entry all of your advantages, get the unbiased medical steering you want after which have on the spot entry to a health care provider or different healthcare skilled or hook up with the main level options with no separate logins and membership playing cards wanted. That’s what we’ve all been dreaming about and in the present day Transcarent is delivering on that imaginative and prescient,” Glen Tullman, CEO of Transcarent, stated in an announcement.
“This isn’t simply higher than conventional navigation; it’s fully totally different. It’s like transferring from a flip cellphone to an iPhone. The flip cellphone did one factor. The iPhone does all the things. And we’re doing all of it at half the value of conventional navigators.”
THE LARGER TREND
Final 12 months, the corporate introduced plans to accumulate property from 98point6, together with its AI-enabled digital care platform and care enterprise.
It additionally collaborated with ViewFi, a tech-enabled digital orthopedic and rehabilitation platform, to ship digital orthopedic and musculoskeletal care by Transcarent’s Seek the advice of Resolution.
In 2022, Transcarent raised $200 million in Sequence C funding and rolled out its pharmacy profit providing.
Transcarent Pharmacy Care permits members to seek for the lowest-cost drug choice and evaluate costs throughout pharmacies. They will additionally switch their prescription inside Transcarent’s app and entry 24/7 assist.
