Clover Health Announces Major Expansion with Plans to Enter Six New Markets in 2019
Also today, Clover announced a strategic partnership with Taiwan-based
Clover released results today showing its technology has an 85 percent accuracy rate in identifying patients at risk of being admitted to the hospital in the next 28 days – an unmatched level of precision. This insight is invaluable, as it allows healthcare professionals to proactively administer the appropriate medical care to their patients and prevent hospitalizations. Reducing hospitalizations significantly improves the quality of life for the individual, while simultaneously bringing down overall costs for the healthcare ecosystem.
Clover has been able to produce these highly accurate results in
"Clover's platform gives Cathay Life the tools to improve the health outcomes of our policyholders. These insights are enormously valuable, and we see broad applicability for Cathay Life to use Clover's platform for our insurance business," said
"Expanding into new cities and deploying our AI platform with international partners are both core to Clover's mission of improving the health of our customers by uniting cutting-edge technology with committed, personalized medical care," said
Working with Cathay Life will also strengthen Clover's effectiveness in predicting and preventing harmful medical complications or acute episodes for its growing Medicare Advantage population in
The new cities in Clover's expanding footprint were selected based on a receptive customer base and the company's ability to deliver high-quality Medicare Advantage plans through top local health care providers. Currently, Clover serves more than 30,000 seniors and others eligible for Medicare in parts of
If approved, Clover's Medicare Advantage plans will be available during the annual enrollment period from
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