A RAND Corporation study found that prices paid to hospitals across the U.S. for privately insured patients averaged about 241% of what Medicare would have paid. The costs are even higher in Indiana, which was 311% of Medicare, according to the report.
Through Carrum Health’s technology-powered platform, employees and their dependents will have access to joint replacement and spinal procedures at OrthoIndy Hospital at a fixed, bundled price. Carrum Health helps employers save up to 50% on surgery costs, while ensuring that patients receive best-in-class care and support throughout their healthcare journey. Ultimately, Carrum Health plans to offer a full range of orthopedic care through its platform in conjunction with OrthoIndy Hospital.
“OrthoIndy Hospital is already able to offer our patients higher quality orthopedic services at a better value, which has led to the Center of Excellence recognition,” said Timothy Dicke, MD, president and CEO of OrthoIndy Hospital. “Our partnership with Carrum Health, and the bundled packages they offer for common procedures, has the potential for employers and their employees in our state to have access to additional savings.”
Aidoc raised an additional $20 million from Square Peg Capital as part of an extension to its Series B round. Last year, the Tel Aviv-based medical imaging business raised $27 million in the funding round led by the same investor. Aidoc now has six FDA-cleared tools geared for radiology to flag abnormalities. Click here to read more.
Totient, an AI-led drug discovery spinout of biomedical data business SevenBridges, has emerged from stealth mode. The company seeks to develop therapeutics for cancer, autoimmune disease, infections, and viruses. Click here to read more.
Orthopedic startup Spine Align has raised $1.7 million in a seed round. The Baltimore-based buisness, co-founded by participants in the Johns Hopkins Center for Bioengineering Innovation and Design program, is developing tracking tools for spin alignment surgery. Click here to read more
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