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Well Expands Board of Directors as Company Growth Continues


Well Expands Board of Directors as Company Growth Continues
James Cash Joins Board Following Series A Financing
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CHAPEL HILL, N.C. and NEWTON, Mass., March 16, 2021 /PRNewswire/ Well Dot, Inc., which utilizes leading-edge artificial intelligence and behavioral economics to help its members achieve their best health, today announced the expansion of its Board of Directors. The six-member Board includes prominent leaders in digital technology, consumer experience and healthcare who will lend their expertise to the Company as it expands its member base and service offering. The additions to the Board come as Well recently completed a $40 million Series A financing, continues its expansion into large employers and has launched its offering with community health organizations in underserved communities. ....

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Blue Cross NC claims costs rise thanks to COVID


Blue Cross NC claims costs rise thanks to COVID
Modern Healthcare Illustration / Getty Images
BlueCross BlueShield of North Carolina s medical claims reached a record $7.5 billion in 2020, a 7.7% increase over 2019 that was driven by COVID-19 and specialty drug costs and lower Affordable Care Act plan premiums.
We saw more than $200 million in COVID-19 claims in 2020 and we expect costs to remain high in the first quarter in 2021, Chief Medical Officer Dr. Von Nguyen said.
The N.C. Blues affiliate added that price increases for cancer treatments and chronic conditions, including hemophilia and autoimmune diseases, drove the higher medical costs, which translated to about $5,800 per fully insured member. ....

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