Renew Health
Medications account for about 20% of total health care spending, are the most frequent clinical intervention delivered by doctors to patients, and are the most frequent interaction patients experience with their health plans. Medications (particularly specialty) are also the fastest growing spend category for health plans. Health plans rely on pharmaceutical benefits managers (PBMs) to develop formularies and negotiate prices. We believe PBMs have misaligned incentives with health plans and patients. Traditional PBMs tend to make more money when medications are more e...
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Medications account for about 20% of total health care spending, are the most frequent clinical intervention delivered by doctors to patients, and are the most frequent interaction patients experience with their health plans. Medications (particularly specialty) are also the fastest growing spend category for health plans. Health plans rely on pharmaceutical benefits managers (PBMs) to develop formularies and negotiate prices. We believe PBMs have misaligned incentives with health plans and patients. Traditional PBMs tend to make more money when medications are more expensive and when patients take more of them. Renew Health’s business model is designed to align with health plans and patients. We envision charging fixed fees on a per-member and per-task basis to administer medications while passing through drug related costs and rebates to health plans. Renew Health would also be compensated for delivering clinical services designed to improve outcomes and lower the total cost of care for health plans, thereby aligning Renew Health’s revenue with value for payers and patients.
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Website | renew.com | |
Industry | Hospital & Health Care | |
Location | Santa Monica, California, United States | |
Employees | 22 | |
Founded | 2016 |
HQ | 548 MARKET STREET #74617 | |
Funding | 3,000,000 USD | |
Competitors | Nhs, Johnson & Johnson, Kaiser Permanente, Unitedhealth Group, Abbott, Philips, |
Website | renew.com | |
Industry | Hospital & Health Care | |
Location | Santa Monica, California, United States | |
Employees | 22 | |
Founded | 2016 | |
linkedin.com/company/renew-health | ||
HQ | 548 MARKET STREET #74617 | |
Funding | 3,000,000 USD |
Email Patterns for Renew Health
Top Competitors for Renew Health
Renew Health Questions
Where are Renew Health's headquarters?
Renew Health's headquarters are in 548 MARKET STREET #74617
What is Renew Health's official website?
Renew Health's website is renew.com
How many employees are working in Renew Health right now?
Renew Health has
22 employees.
View the Email and Phone Numbers for all 22 working at Renew Health.
What is Renew Health's industry?
Renew Health's industry is
Hospital & Health Care
Who are Renew Health's top competitors?
Renew Health's top competitors are
Nhs
,
Johnson & Johnson
,
Kaiser Permanente
,
Unitedhealth Group
,
Abbott
,
Philips
What are Renew Health's categories?
Renew Health's categories are Health Care, Health Insurance, Hospital, Pharmaceutical
What is Renew Health's location?
Renew Health's location is
Santa Monica, California, United States
When was Renew Health's founded?
Renew Health's founding year is 2016
What is Renew Health's funding?
Renew Health's funding is 3,000,000 USD
What is Renew Health's current status?
Renew Health's current status is closed
Top Renew Health Employees
Co Founder, Chief Technology Officer
degangi@alum.mit.edu
+1646-714-3315
Mental Health Support Worker
Senior Vice President Of Business Development
Insurance Inspector
Co Founder, Chief Technology Officer
degangi@alum.mit.edu
+1646-714-3315
La Mesa Post Acute
Administrative Assistant