The corporate’s mission has a private which means for Cindy Jordan.
When her stepdaughter had a significant setback in her battle towards bipolar dysfunction a number of years in the past, Cindy Jordan mentioned she realized her stepdaughter’s descent into social isolation performed a significant factor.
“I saved asking, ‘What did we miss?’ and a part of it was she began to isolate,” she recalled. “I wasn’t going to begin one other tech firm, however I couldn’t let this one go.”
Pyx Well being has discovered eager curiosity amongst well being insurers and suppliers, together with its first buyer, the insurance coverage arm of Phoenix-based Banner Well being.
Initially concentrating on insurers that present well being plans for Medicaid applications and Medicare Benefit, Pyx Well being has signed up 14 well being insurers, together with three of the highest 5 Medicaid insurers, to make use of the Pyx platform, Jordan mentioned, declining to call different clients due to confidentiality agreements.
Pyx Well being says its well being plan companions usually achieve greater than $2,800 in annual financial savings per consumer, and one massive built-in well being plan within the Southwest confirmed a 36% discount in inpatient spending for Pyx customers over six months.
Banner performed an preliminary pilot utilizing Pyx Well being’s platform for its Medicaid sufferers final fall and located the outcomes encouraging, mentioned Dr. Ed Clarke, chief medical officer for Banner’s insurance coverage division and Banner Well being Community.