Health Payer Intelligence August 27, 2020
The life sciences and healthcare company will join forces with a Switzerland-based insurer to launch the new product for self-funded employers.
Verily, Alphabet’s life sciences and healthcare subsidiary, and Swiss Re Corporate Solutions have announced that it will launch a payer for self-funded employers called Coefficient Insurance Company (Coefficient).
Stop-loss insurance reimburses self-funded employers for high cost employee claims over a certain threshold.
“Employers have been facing rising and increasingly unpredictable healthcare costs for years,” said Andy Conrad, chief executive officer of Verily.
“Coefficient is aimed at reducing blind spots and providing greater cost control mechanisms for self-funded employers, and we expect that partnering with Swiss Re Corporate Solutions will help us to better develop and distribute our precision risk...
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