Nomi and ClearPoint partner on health captive solutions
Nomi Health, a direct healthcare company, and ClearPoint Health, a national employer benefits platform, have partnered to offer a solution they claim will empower small and mid-sized employers in the US to better manage their health insurance costs.
They say they will lower healthcare costs by cutting unnecessary complexity within the healthcare system. Part of their solution will be supporting a growing number of employers turning to self-funded models to have more control over healthcare costs.
ClearPoint can help firms develop and scale clinically integrated captives, incorporating clinical providers in the sponsorship of medical stop loss captives offering level-funded and self-funded products. ClearPoint’s clinically integrated product is known as CliniCaptive.
Through the CliniCaptive product, Nomi will feature its end-to-end platform of services, including its growing national network of provider partners, pharmacy solutions, provider-centric revenue cycle management, member navigation services, and its reporting and analytics suite.
ClearPoint and Nomi will be launching their partnership product across at least four distinct regions that encapsulate over 15 states in 2024, with expansion markets already planned for early 2025. Over 50 health systems are expected to announce their participation in select geographies over the next year, further expanding access to affordable insurance for employers seeking high-quality and lower cost healthcare benefits.
"We all deserve accessible and affordable healthcare in our communities. Unfortunately, our healthcare system is burdened by unnecessary complexity and the overwhelming costs are resulting in employers not being able to offer a meaningful health benefit to employees," said Mark Newman, CEO and co-founder of Nomi Health.
"Together with ClearPoint Health, we’re simplifying how healthcare is paid for and delivered, and we take pride in passing these savings onto small and mid-sized employers, so they can provide an affordable plan to their employees and families."
