6 startups using tech and data to challenge the health insurance industry status quo

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Clover Health

Clover Health is unique in the field of startups in that it's targeting lucrative Medicare beneficiaries. The company, which just raised $100 million in funding, bills itself as "a whole new kind of Medicare." Essentially, it functions as a payer with a focus on using data and technology to identify and fill gaps in care for older members.

The company uses software models to identify high-risk individuals, then its staff of social workers and nurse practitioners use clinical indicators to work with patients and help prevent unneccessary procedures and hospitalizations.

Clover Health also has an incentive to improve health outcomes, as beneficiary health factors into the premiums that Medicare pays the company to cover its members.