Inhabitants Well being provides behavioral well being providers to the platform by means of partnership with Thriveworks
OVERLANDPARK, Kan .– (BUSINESS WIRE) – SelectQuote, Inc. (NYSE: SLQT) continues to leverage its robust business with Medicare customers to take advantage of Population Health. That’s why the platform has entered into a new partnership with Thriveworks, a leading mental health provider, to provide nationwide behavioral health and drug management services both virtually and in person.
“As we continue to grow SelectQuote’s Medicare business, Population Health will become a popular platform for customers as it brings many of the different services they’ve expressed their needs for over the years in one place. It also enables SelectQuote to deepen its relationship with Medicare customers, ”said Bob Grant, president of SelectQuote’s senior division. “The ability to add a company like Thriveworks enhances our population health platform to help seniors meet all of their health needs, from basic care to behavioral health to drug management and adherence.”
Approximately 46% of current Population Health members have identified a need for behavioral health services based on the thousands of Health Risk Assessments (HRAs) that Customer Success Agents (CSAs) have conducted since inception. To help members meet this important area of need, SelectQuote sought out market-leading behavioral health organizations to collaborate and align with. This partnership provides Population Health members with access to world-class behavioral health and drug management services from Thriveworks, virtually and in over 300 locations.
“Our mission is to help people live happy and prosperous lives. Our partnership with SelectQuote’s Population Health will expand Thriveworks’ ability to deliver quality care to people how and where they want it, ”said David Drap, SVP of Employer Partnerships at Thriveworks.
Population Health’s platform currently includes partners in value-based primary care, transportation of non-emergency medical appointments, behavioral health and wellness, home care and prescription medication through an in-house drug management pharmacy, SelectRx.
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Our actual results could differ materially from those expressed in these forward-looking statements due to a number of important factors including, but not limited to the following: the ultimate duration and effects of the ongoing COVID-19 pandemic; our dependence on a limited number of insurance partners and any potential termination or failure to establish new relationships; existing and future laws and regulations affecting the health insurance market; Changes in the health insurance products offered by our insurance partners and the health insurance market in general; Insurance carriers that offer products and services directly to consumers; Changes in commissions paid by insurance carriers and in underwriting practices; Competition from brokers, only online brokers and carriers who choose to sell policies directly to consumers; Competition from state health insurance exchanges; Developments in the US health insurance system; our reliance on revenue from carriers in our senior segment and declines in the senior health, life, automotive and home insurance industries; our ability to develop new offerings and penetrate new vertical markets; Risks from third-party products; Failure to register individuals during Medicare’s annual registration period; our ability to attract, integrate and retain qualified personnel; our reliance on lead providers and our ability to compete for leads; failure to achieve and / or convert sales results in actual sales of insurance policies; Access to data from consumers and insurance carriers; Accuracy of information provided by and to consumers during the insurance purchasing process; low cost advertising via internet search engines; Ability to contact consumers over the phone and market products; global economic conditions; Operational disruptions due to future acquisitions; significant estimates and assumptions in the preparation of our annual financial statements; Impairment of goodwill; potential litigation and claims, including IP litigation; our existing and future debt; Developments regarding LIBOR; Access to additional capital; Failure to protect our intellectual property and brand; seasonal fluctuations in our financial results; Accuracy and timeliness of commission reports from insurance carriers; Time of approval and payment practice of insurance carriers; Factors that affect our estimate of the limited lifetime value of commissions per policyholder; Changes in accounting regulations, tax laws, and other laws; Disruptions or failures in our technological infrastructure and platform; Failure to maintain relationships with third party vendors; Cybersecurity breaches or other attacks affecting our systems or those of our insurance partners or third party providers; our ability to protect consumer information and other data; and failure to market and sell Medicare plans effectively or in accordance with the law. For further discussion of these and other risk factors that could affect our future results and performance, please see the “Risk Factors” section in our latest Annual Report on Form 10-K filed with the Securities and Exchange Commission and ours below Filings with the Securities and Exchange Commission. Accordingly, you should not place undue reliance on such forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made, and we assume no obligation to publicly update or revise any forward-looking statement as a result of new information, unless required by law, future developments or otherwise.
Founded in 1985, SelectQuote (NYSE: SLQT) offers solutions that help consumers protect their most precious assets: their family, their health, and their property. SelectQuote pioneered the model of providing unbiased comparisons from multiple, highly rated insurance companies, allowing consumers to choose the policy and terms that best suit their individual needs. Two cornerstones underpin the company’s success: a strong force of highly skilled and skilled agents who provide an advisory needs analysis for every consumer, and proprietary technology that generates and routes high quality leads. SelectQuote has three core business areas: SelectQuote Senior, SelectQuote Life and SelectQuote Auto and Home. SelectQuote Senior, the largest and fastest growing company, has a range of Medicare Advantage and Medicare Supplement plans to meet the needs of a population where 10,000 people turn 65 every day. In 2021, SelectQuote added Population Health, a healthcare services company, and SelectRx, a specialty drug management pharmacy.
Founded in 2008 by AJ Centore PhD, Thriveworks is a leading mental health provider. With a mission to help people live happy and prosperous lives, Thriveworks makes quality counseling and mental health services accessible and affordable. Thriveworks licensed physicians are networked with large insurance plans and provide personal and online care for depression, anxiety, trauma, stress, relationship problems and more. Learn more at Thriveworks.com.