Businesswire | July 06, 2023
Quantum Health, the leading consumer healthcare navigation and care coordination company, announced today it has partnered with Progyny, Inc. (Nasdaq: PGNY) as part of its launch of a new family-building benefits offering to help employers provide a better, more comprehensive and inclusive experience for all employees who need support to build their families. Progyny, a leading benefits management company specializing in fertility and family-building benefits solutions, will be included as a new Preferred Partner within Quantum Health’s Comprehensive Care Solutions™ platform.
As part of this new offering, Quantum Health will fully integrate Progyny’s solution, including access to its national and actively managed network of top fertility specialists, dedicated concierge patient support, integrated pharmacy and wraparound technology, into Quantum Health’s navigation and engagement platform. Quantum Health’s 500 employer clients, currently supporting close to 3 million members, can now elect Progyny’s comprehensive fertility and family-building benefits with an accelerated contracting and implementation process and seamless integration.
“Quantum Health has long supported our clients and members with their reproductive health needs, but there is growing demand for a more comprehensive and integrated family-building experience, especially for groups of people who may face heightened barriers to accessing fertility care,” said Quantum Health President Shannon Skaggs. “After evaluating the market, we are excited to partner with Progyny, one of the market’s leading solutions in delivering an exceptional family-building experience that leads to healthy pregnancies. We already share mutual clients with Progyny and are eager to integrate their offering into our navigation engagement platform to better meet the needs of our clients and their millions of employees across the country.”
The recent Mercer survey, Health & Benefit Strategies for 2024, found over 40% of employers currently take steps to provide equitable family-building benefits, including fertility treatments that do not require individuals to meet the clinical definition of infertile, and coverage for surrogacy expenses. Yet, in the recent Employee Benefit News and Quantum Health State of Healthcare national study, 43% of employers and 28% of employees reported that their company does not currently offer family-building assistance, including fertility and/or adoption assistance. Additionally, 30% to 35% of those in younger workforce generations (e.g., Gen Z, millennials and Gen X) say they want family-building assistance benefits but don’t currently have them, an important consideration for employers as they support their future workforce.
“At Progyny, we share Quantum Health’s goal of delivering superior outcomes, exceptional member support and sustained cost savings. Through this partnership, Quantum Health’s leading employer clients can easily expand their benefits offering to include the comprehensive, equitable and inclusive family-building services their workforce increasingly seeks,” said Dr. Janet Choi, Chief Medical Officer of Progyny. “We are excited to integrate our solution into Quantum Health’s unique navigation and member engagement platform to further expand access to our fertility and family-building services and to help members engage with the specialists and treatment they need more quickly and comprehensively.”
Quantum Health has recognized the increasing demand by employers and their employees for more holistic family-building solutions. By integrating Progyny’s unique benefits design and highly curated network of specialists with Quantum Health’s proprietary care management and Real-Time Intercept® model, members on family-building journeys will now be guided to all the support they need by their trusted Healthcare Warriors®. Through human-centered engagement, Quantum Health serves as the single point of contact for healthcare benefits questions, such as family-building support, and will direct members to the right resource at the right time, resulting in better experiences, reduced stress for the members and better outcomes. This new partnership with Progyny provides employers with a comprehensive family-building solution that complements Quantum Health’s integrated services, including the Early Steps® Maternity program, a high-risk pregnancy program that pairs expectant parents with a Personal Care Guide nurse for guidance.
In the coming months, Quantum Health will continue expanding its Preferred Partners™ program for building families, along with addressing other high-demand and top cost-driving categories for employers.
About Quantum Health
Quantum Health is the industry-leading consumer healthcare navigation and care coordination company that delivers an unparalleled consumer experience to its members, as well as validated claims savings and high satisfaction rates for its self-insured employer clients. Quantum Health’s proprietary Real-Time Intercept® model identifies opportunities for early intervention in a member’s healthcare journey, resulting in better engagement, outcomes and cost efficiencies. The company was founded in 1999 and is based in Dublin, Ohio. Since its inception, Quantum Health has earned numerous awards and honors, including being named among the Fastest-Growing Private Companies by Inc. 5000, and a Great Place to Work by FORTUNE Magazine and Entrepreneur Magazine. Quantum Health has consistently been named one of the 50 Fastest-Growing Women-Owned/Led Companies by the Women Presidents Organization, and Columbus Business First has consecutively honored Quantum Health as a Best Place to Work.
Health Technology, Digital Healthcare
Johnson and Johnson | September 15, 2023
Johnson and Johnson's brand identity communicates the company's bold healthcare innovation while staying true to its global patient care.
Leveraging advanced medicine and technology, the company proactively tackles complex diseases with more innovative, less invasive, and personalized solutions.
The company plans to gradually implement the new logo, colors, and font across all its materials, product packaging, and branding assets.
Johnson and Johnson is currently revitalizing its brand and consolidating its MedTech and pharmaceutical segments under the unified name of Johnson and Johnson, demonstrating a steadfast commitment to healthcare innovation and addressing the most challenging health issues.
The announcement signifies a pivotal moment in Johnson and Johnson's evolution as the company harnesses its extensive knowledge of innovative medicine and cutting-edge medical technology. This strategic move aims to proactively address, treat, and ultimately find cures for intricate diseases while simultaneously ushering in solutions characterized by heightened intelligence, reduced invasiveness, and greater personalization, marking a significant stride toward reshaping the future of healthcare.
The company's two major segments will become more closely associated with the Johnson and Johnson brand. Over time, Janssen, the company's pharmaceutical part, will assume the name Johnson and Johnson Innovative Medicine, while the medical technology segment will retain the Johnson and Johnson MedTech designation.
The pharmaceuticals segment leads the way in advancing healthcare, pioneering treatments to reshape the future of well-being. Johnson and Johnson Innovative Medicine combines a compassionate scientific approach to effectively confront the most complex diseases in oncology, immunology, neuroscience, cardiovascular, pulmonary hypertension, and retina to develop future medications. Simultaneously, the medical technology segment dedicates itself to addressing the most pressing healthcare challenges through innovations at the nexus of biology and technology.
Vanessa Broadhurst, Executive Vice President of Global Corporate Affairs, stated,
Our Johnson and Johnson brand identity communicates our bold approach to innovation in healthcare while staying true to the care we have for our patients around the world.
[Source: Business Wire]
The updated Johnson and Johnson logo, featuring letters drawn in a single stroke for added contrast and a sense of unexpectedness, embraces both long and short versions, with the 'J&J' abbreviation gaining prominence, especially in digital contexts. The color palette leans toward a refreshed and contemporary red, symbolizing the company's agility in responding to health challenges and evolving with the times. The revamped ampersand now signifies global recognition, openness, and the connections that breathe life into the brand's purpose. In terms of art direction, elements such as illustration and photography have undergone careful curation to evoke energy, optimism, and inclusivity, presenting a distinctive approach within the healthcare domain.
PRNewswire | July 26, 2023
Ovation Healthcare today announced Amplify, its revenue cycle and managed care service line, has partnered with CompMed, a national, multi-specialty medical billing services provider. The strategic partnership will allow Amplify to expand its portfolio of tech-enabled revenue cycle solutions and deliver elevated professional fee billing services to hospitals, health systems, and provider groups across the nation.
Headquartered in Newport, Kentucky, CompMed is an industry leader in medical billing services, leveraging advanced technology to optimize operations and reduce collection costs. CompMed has provided billing services to numerous physician groups and specialties, from anesthesia and emergency room services to geriatrics and urgent care, for nearly 30 years. "CompMed has built an incredible reputation for client excellence and subject matter expertise which is the backbone for the tremendous value they bring to their revenue cycle clients," said Amplify President, Scott Cooper.
"We have an opportunity to support hospitals, health systems, physician groups and their communities in an even greater role," said Ovation Healthcare CEO Dr. Dwayne Gunter. "With decades of combined expertise and knowledge, the scale and capabilities of this partnership will allow us to meet the growing revenue cycle needs of our clients and not only improve the financial impact for our providers but enhance the patient-provider relationship."
Amplify is a leading provider of revenue cycle management and managed care services focused on strengthening independent and community healthcare. As a financial partner, Amplify's offerings are aimed at improving yields and reducing costs, helping hospitals and health systems achieve scale. The addition of CompMed's expertise in services like professional fee billing will support Amplify's growing client base and allow for continued investment in tech-enabled solutions to improve hospital performance.
"We're thrilled to join forces with Amplify Revenue Cycle Management, adding our enhanced professional fee billing services to their expanding portfolio of RCM solutions." said CompMed CEO Mike Stearns. "Together, we can help bring even greater value to our revenue cycle clients and the market."
About Ovation Healthcare
Headquartered in Brentwood, Tenn., Ovation Healthcare is partnered with 375+ clients in 47 states from critical access hospitals to large health systems. For 45 years, Ovation Healthcare has supported nonprofit, independent healthcare through a portfolio of shared services – Octave Leadership Advisory Services, Elevate Supply and Expense Management Solutions, Amplify Revenue Cycle Management, and Cadence Clinical Services – designed to provide scale and efficiency to hospital business operations.
CompMed is a national, multi-specialty medical billing services provider headquartered in Newport, Kentucky. For more than 30 years, CompMed has provided billing services to physician specialties and groups of all sizes, leveraging advanced technology, business intelligence, and analytics to optimize revenue and overall cash flow. CompMed delivers financial results while maintaining core values of complete visibility, integrity, and responsiveness.