The consumer health experience needs an overhaul. This acquisition is very positive for both companies, but even better for our clients and their members who will use our new, digital-first healthcare navigation platform.
AUSTIN, Texas (PRWEB) November 16, 2020
Point Health, a digital health startup in Austin,TX, announced today its plans to acquire The Karis Group, a 25-year old healthcare navigation and bill negotiation company. This acquisition will combine Point Health’s team of experienced product, technology, and UX design experts with The Karis Groups’ decades of pricing data, healthcare navigation, and bill negotiation experience. Together, the companies will develop a new, digital-first healthcare navigation platform that will make healthcare easy to find, easy to understand, and easier to afford for members of health plans.
Point Health’s healthcare navigation platform will empower members to be engaged healthcare consumers, by combining one-stop shopping for healthcare needs with a medical marketplace offering price transparency. The typical health insurance company loses an average of one-third of their members each year, making member experience and engagement critical to increase retention. Point Health’s initial platform is targeted towards health insurers with high-deductible plans, health sharing communities, third-party administrators, and employers.
“The consumer health experience needs an overhaul. This acquisition is very positive for both companies, but even better for our clients and their members who will use our new, digital-first healthcare navigation platform,” said Matt Dale, CEO of Point Health and The Karis Group. “Our easy-to-use technology will continue to push healthcare towards transparency, affordability, and simplicity.”
Tony Dale, M.D., founder of The Karis Group, sees his company’s legacy of patient advocacy carried forward with Point Health, “When I started The Karis Group there was an utter lack of transparency in billing for healthcare services. We helped resolve some of those issues by navigating billions of dollars in medical bills, and we assisted millions of people by solving the complexities of healthcare bills. I am proud and excited by the opportunity this new venture represents.”
Under this acquisition, The Karis Group and Point Health will come together as one company using the Point Health brand in Q1 2021.
The beta version of Point Health’s platform is available by request to health insurers, health cost sharing communities, employers, and other groups by reaching out to Hello@pointhealth.com. The initial platform is set to be unveiled in early 2021.
About Point Health
Point Health is an Austin, Texas-based digital health startup paving the way for major changes in the healthcare industry, primarily through a healthcare navigation platform and marketplace. The healthcare system in the U.S. is confusing to navigate, but Point Health is guiding patients towards healthcare that is easier to find, understand, and afford.