Virgin Pulse’s Homebase for Health® connects data, people, and technology to deliver high tech, human touch experiences that engage and reward individual journeys. Virgin Pulse impacts over 100 million people across 190 countries by helping Fortune 500, national health plans, and many other organisations change lives – and businesses – for good. Virgin Pulse is a leading digital-first health, wellbeing, and navigation company that empowers organisations across the globe to activate populations, improve health outcomes, and reduce spend in an era of accelerating cost and complexity. Evercore acted as financial advisor to Virgin Pulse, with Kirkland & Ellis LLP and McDermott Will & Emery LLP serving as legal advisors. HealthComp’s legal counsel was Ropes & Gray LLP. Morgan Securities LLC acted as financial advisor to HealthComp. Other shareholders include Blackstone and Morgan Health. Marlin Equity Partners will maintain minority ownership. New Mountain Capital is the majority owner of the new company. This combination will deliver on the ultimate vision of the Homebase for Health platform, and I’m looking forward to making a bigger impact on the lives of millions of people.” “We are stronger together as one purpose-driven organisation with the technology, talent, and opportunity to radically change how people engage with and navigate the healthcare ecosystem. “Today is an exciting day for our clients, members, and employees,” said Chris Michalak, CEO of Virgin Pulse and HealthComp. Whole health advocacy, support, and navigation with an integrated approach– Leading to improvements such as 48% lower inpatient costs for members and a 3:1 value-on-investment for clients.A high-engagement member experience with concierge-level service for clients and members – Driving members to return an average of 6 times daily and a sustained engagement rate of up to 50%.Innovative and flexible health plan designs that meet their employees’ unique needs – Resulting in an average savings of up to $3,000 per employee per year.The new, unified company aims to reduce healthcare costs and improve outcomes by delivering a comprehensive health platform-as-a-service that leverages leading technologies and AI-driven data models to significantly improve member decision-making and behaviour. Together, the new company will address the issues of increasing healthcare costs and complexity with an innovative, holistic approach that brings together engaging technology, data, and expert services in an all-in-one platform. Providence, RI, and Fresno, CA, Novem– Virgin Pulse, a leading global digital-first health, wellbeing, and navigation company, and HealthComp, a next-generation benefits and analytics platform, today announced the completion of their merger. The Benefits Management portal is where you will select and manage your employment benefits, including healthcare, employer-provided primary benefits, and voluntary benefits.New company poised to improve costs and outcomes with comprehensive employer health platform that combines AI-powered technology, valuable data insights, and live expert support. Through the prescriptions portal, you can order your prescriptions online, find a local pharmacy, file a presecription claim, see the status of your order, search medication information, and more. The claims status member services portal is where you can check your claim status for medical, dental, and vision claims, review your benefits, view your electronic ID card, and order an ID card. You are responsible for copays at the time of service. When you receive services from an in-network provider, your services will be processed as in-network and apply to your in-network deductible and out-of-pocket maximum responsibility. You can also find your biometric screening results, and take your wellness assessment. The Wellness portal is where you can enter, track, and manage your points activities.
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