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Healthcare Costs

2 GoKawiil briefs on this topic

BCBSA analysis: AI coding tools added $942M to healthcare spending in two years

The Blue Cross Blue Shield Association released an analysis attributing $942 million in additional healthcare spending over two years to hospitals' use of AI tools when submitting insurance claims. The group found a sharp rise in patients coded as having complex conditions without corresponding changes in the actual care delivered. The New York Times cited the findings as part of a broader trend of AI driving up healthcare costs on both the hospital and insurer sides.

Thatch hits $1B valuation after $108M round from existing backers

Health benefits startup Thatch has raised $108 million in new funding at a $1 billion valuation, backed by existing investors including Andreessen Horowitz, General Catalyst, Index Ventures, and The General Partnership. The round comes just 17 months after Thatch was valued at $410 million, with CEO Chris Ellis saying annual recurring revenue grew roughly sevenfold in that span.