Why a Google vet started a next-gen health insurer — with Andrew Toy

Clover Health wants to improve physician performance by giving them access to cutting edge AI technology. But the company chose to enter the market not as a technology vendor but as an insurer, disrupting traditional payment structures and care navigation technology in one fell swoop. On today's HIMSSCast, Clover Health's Andrew Toy joins host Jonah Comstock to talk about his story and his own particular take on solving the healthcare cost crisis in America.Talking points:What Clover does and how its different from other payers and other startupsClover Assistant, Clover’s provider-facing tech stack, and how it fits into their modelGetting away from the idea of networksWhat does value-based care mean for CloverWho holds the risk? And why it should be the insurersWhy the incentive alignment argument for value-based care is more complicated than people thinkIncentivizing doctors by giving them more powerful toolsHow health systems should fit into the value-based care landscapeWhy Clover launched as a payer and not a technology vendorWhy Clover built its Assistant outside of the EHRFixing healthcare means fixing healthcare for everyoneHow can innovation in insurance push through incumbent players?More about this episode:Medicare Advantage insurtech startup Clover Health raises $500MClover Health will join the public market by merging with Social Capital SPACClover Health's new subsidiary will rely on members, machine learning to fuel drug developmentClover Health laying off 25 percent of staff as it seeks new healthcare expertiseClover Health gets $130M from Greenoaks, Google Ventures, othersClover Health planning expansion into 101 new marketsClover Health taps MedArrive to vaccinate its homebound MA membersWalmart partners with Clover Health to offer Medicare Advantage plans