Steve Case To Announce Company Investments for Revolution Health
Revolution Health Group founder Steve Case on Wednesday will announce a series of investments in health care companies as part of the venture's effort to "revolutionize the way health care is delivered in this country," the Wall Street Journal reports. Case, former CEO of AOL, said he wants to "put patients at the center of the health system, with more choices, more convenience, more control" through Revolution, which is buying four companies that will enable the creation of a new Web portal to help customers manage their health care (Murray, Wall Street Journal, 10/5). Case founded Revolution in April to promote consumer-driven care (California Healthline, 7/7).
The acquisitions related to the Web portal effort include MyDNA Media, which provides up-to-date health information; 1-800-Schedule, which aids consumers in finding doctors and scheduling appointments; Simo Software, which helps users manage their health care spending; and Wondir, a search engine that links users to others who can help with health care problems, the Journal reports.
In addition, Revolution has acquired a controlling interest in companies that will help employers manage health care coverage, including Extend Benefits, which helps companies provide individualized insurance plans for their employees, and ConnectYourCare, which helps employers offering health savings accounts by providing additional services to help manage those accounts. According to the Journal, Revolution also has purchased a minority position in InterFit Health, which builds low-cost health clinics in retail locations (Wall Street Journal, 10/5).