Anthem has partnered with digital health startup K Health and funds managed by investment firm Blackstone to propel a technology-focused joint enterprise. The new joint venture “ Hydrogen Health” would yield K Health’s artificial intelligence-driven technology to the consumer, employer, and insurer markets. The solution would enable patients to recognize their symptoms and connect with a doctor if necessitated.
- K Health, Anthem, and Blackstone Growth are teaming up to launch a joint venture that would strive to lower healthcare expenses and make care more convenient. The new enterprise will secure K Health’s artificial intelligence tools to bring new digital health contributions to the consumer and employer markets, according to an announcement from the companies. Hydrogen Health will generate new platforms targeting the direct-to-consumer, direct-to-employer, and direct-to-insurer markets.
- Anthem first tapped K Health for its AI technology in 2019, funding tens of millions of dollars in the platform in a bid to better triage care for its more than 40 million members. K Health’s app concedes to consumers for screening medical needs past an AI trained to ask questions about history, age, and gender to address the health business.
- Like other digital health startups, K Health saw its growth stimulate during the coronavirus pandemic, with CEO Allon Bloch saying in November that the company grew 1,000% over the past year alone. The five-year-old company concentrates on primary care, along with mental health conditions like anxiety and despair.
- CEO Allon Bloch in a recent interview said, “K Health has proven that we can give people passage to really high-quality medicine remotely. This partnership with Anthem and Blackstone will help get K Health’s solutions into the hands of those who need them most, expanding upon our existing base of 4 million users and reducing costs in the healthcare system to make it work for all”.