The government-funded health insurance program for more than 90 million Americans offers a countercyclical bet in a market downturn – though enrollment is expected to fall from its peak as the federal Covid public health emergency ends.
The move underscores the main challenge facing companies developing software as medicine: getting insurers and government-sponsored health insurance programs to pay for it.
As the AI race heats up in healthcare, 98point6 is selling its physician group and self-insured employer business to Transcarent and will pivot to selling its software to health systems.
CEO Alexi Nazem said the company was “too optimistic” about the trajectory of the travel staffing market, which is coming down from pandemic-fueled highs.