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SPAC rumors pan out. Just a few weeks after rumors spread of Sharecare s upcoming merger with a special purpose acquisition company (SPAC), the patient-engagement and benefits-navigation platform made it official with an announcement on Friday.
Sharecare will be merging with Falcon Capital Acquisition and listing on NASDAQ. The deal is set to be funded through $345 million in cash in trust from Falcon and supported by a $425 million private investment in public equity and a direct investment from Anthem, which will be partnering with the combined entity.
This deal will leave the company with about $400 million in growth capital, according to the announcement, and a total enterprise value of $3.9 billion.
MedCity News
Humana, IBM Watson Health team up to provide access to AI chatbot
Through a new collaboration, Humana s Employer Group members will gain access to IBM Watson Health s AI-powered digital assistant. The chatbot will provide information on member benefits, claims, referrals and cost estimates for medical services.
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The solution, called the IBM Watson Assistant for Health Benefits, is an AI-enabled, cloud-based virtual assistant. The AI assistant gives users information about member benefits, coverage, claims, referrals and healthcare cost estimates, said an IBM Watson Health spokeswomen, who declined to be named, in an email.
The solution will be made available to all members of the Louisville, Kentucky-based payer’s Employer Group, which includes 1.3 million medical and 1.8 million dental members.
Humana and IBM Watson Health are joining forces on a new collaboration, one that will use IBM's conversational artificial intelligence platform to achieve greater clarity and transparency on benefits and other related matters for Humana Employer Group members. The goal, said Humana, is to provide a better member experience. Research shows consumers who don't understand how