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Corporation
FINANCE | Insurance / Health Insurance
premera.com

Investments

6

Portfolio Exits

1

Partners & Customers

10

About Premera Blue Cross

Premera Blue Cross is a non-profit health benefits company providing a range of medical, dental and other coverage.

Headquarters Location

7001 220th Street Southwest

Mountlake Terrace, Washington, 98043,

United States

800-722-1471

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Latest Premera Blue Cross News

Providence implements FHIR to support value-based care

Nov 14, 2023

The health system partnered with Premera Blue Cross to pilot a new data-as-a-service product that uses the HL7 Da Vinci Project’s clinical exchange standards to improve VBC delivery. Photo: Mike Miliard/HIMSS Medi Providence Health System says it is the first health system in the country to use the Clinical Data Exchange specs developed by HL7's Da Vinci Project to build a FHIR-based data-as-a-service platform. WHY IT MATTERS Providence – one of the largest U.S. health systems with 52 hospitals and more than 900 clinics across seven states – says the new clinical data exchange technology it has developed with Premera Blue Cross can be adopted by other providers to alleviate administrative and financial burdens of the transition to value-based care. The DaaS platform leverages HL7's Member Attribution, Clinical Data Exchange and Bulk Implementation Guides – national data exchange standards that allow health systems, payers and patients to seamlessly exchange patient records, treatment plans and critical information. The industry-led Da Vinci Project developed ATR, CDex and Bulk FHIR developed through HL7 to enhance data sharing between payers and providers. "By using a national standard for contract gap closure and capturing the much-needed clinical data, we empower all stakeholders in their ecosystem to make more informed decisions, improve patient outcomes and enhance the overall quality of care to our patients – who are always at the center of all our efforts," said Michael Westover, vice president of population health informatics at Providence, in a statement. The application of standardized and secure clinical data exchange formats was not only vetted and approved by the provider's and payer's internal quality teams but also by external Healthcare Effectiveness Data and Information Set auditors in September, the health system said. Scalable systems that deploy FHIR standards, which define how healthcare information can be exchanged have been established to eliminate time-consuming, error-prone processes, could help reduce traditional provider-payer data exchange inefficiencies and increase care quality. THE LARGER TREND The lack of standardization and automation have been the most significant barriers to seamless clinical data exchange. Payers and providers have long relied on sharing data in spreadsheets by secure file transfer or email, and then manually reviewing each record. But getting up and running with the FHIR APIs is often an easier and quicker way to access patient information, regardless of where data originated. It is not the only data exchange standard,  coexisting  with others that legacy HIT systems rely on. For example, while the Trusted Exchange Framework and Common Agreement – created by the Office of the National Coordinator for Health Information Technology to create national connectivity of electronic health records – does have a FHIR roadmap, it could amplify variability in the use of other standards. The co-chairs of the FHIR at Scale Taskforce, or FAST, Deepak Sadagopan and Duncan Weatherston say there are  opportunities to align under TEFCA with FHIR . They say rolling out FHIR standards nationally in a concerted way will provide a more consistent pathway to address the costs of payer and provider data exchange. ON THE RECORD "Interoperability is critical within value-based care, and FHIR integration allows healthcare organizations to exchange comprehensive clinical data that enables more accurate risk assessments, enhances care coordination and captures outcomes more effectively," said Westover. Andrea Fox is senior editor of Healthcare IT News.

Premera Blue Cross Investments

6 Investments

Premera Blue Cross has made 6 investments. Their latest investment was in Vim as part of their Series B - II on May 5, 2021.

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Premera Blue Cross Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/5/2021

Series B - II

Vim

$36M

No

1

9/9/2019

Series B

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$99M

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10

4/8/2019

Series B

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$99M

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10

9/27/2017

Series A

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$99M

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10

6/25/2012

Unattributed - II

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$99M

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0

Date

5/5/2021

9/9/2019

4/8/2019

9/27/2017

6/25/2012

Round

Series B - II

Series B

Series B

Series A

Unattributed - II

Company

Vim

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Amount

$36M

$99M

$99M

$99M

$99M

New?

No

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Co-Investors

Sources

1

10

10

10

0

Premera Blue Cross Portfolio Exits

1 Portfolio Exit

Premera Blue Cross has 1 portfolio exit. Their latest portfolio exit was EveryMove on March 29, 2017.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/29/2017

Acquired

$99M

1

Date

3/29/2017

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

1

Premera Blue Cross Partners & Customers

10 Partners and customers

Premera Blue Cross has 10 strategic partners and customers. Premera Blue Cross recently partnered with University of Alaska on November 11, 2023.

Date

Type

Business Partner

Country

News Snippet

Sources

11/8/2023

Partner

United States

1

7/1/2023

Partner

United States

Premera Blue Cross, UW Medicine reach agreement.

Premera Blue Cross and UW Medicine announced today , June 9 , a new multi-year agreement , effective July 1 , 2023 .

1

9/17/2021

Vendor

United States

FOR IMMEDIATE RELEASE – Sept. 17, 2021. Premera Blue Cross, Confluence Health Reach New Multi-Year Agreement.

Premera Blue Cross and Confluence Health began negotiations with the goal of reaching an agreement that provides Premera-insured patients with access to affordable , quality healthcare .

1

9/1/2021

Partner

United States

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0

8/19/2021

Client

United States

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10

Date

11/8/2023

7/1/2023

9/17/2021

9/1/2021

8/19/2021

Type

Partner

Partner

Vendor

Partner

Client

Business Partner

Country

United States

United States

United States

United States

United States

News Snippet

Premera Blue Cross, UW Medicine reach agreement.

Premera Blue Cross and UW Medicine announced today , June 9 , a new multi-year agreement , effective July 1 , 2023 .

FOR IMMEDIATE RELEASE – Sept. 17, 2021. Premera Blue Cross, Confluence Health Reach New Multi-Year Agreement.

Premera Blue Cross and Confluence Health began negotiations with the goal of reaching an agreement that provides Premera-insured patients with access to affordable , quality healthcare .

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Sources

1

1

1

0

10

Premera Blue Cross Team

22 Team Members

Premera Blue Cross has 22 team members, including current Chief Executive Officer, H R Brereton Gubby Barlow.

Name

Work History

Title

Status

H R Brereton Gubby Barlow

Chief Executive Officer

Current

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Name

H R Brereton Gubby Barlow

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Work History

Title

Chief Executive Officer

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Status

Current

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