July 19, 2024- Humana Inc., through its payor-agnostic insurance brokerage business, announced a minority investment in Healthpilot, a company pioneering the development of a personalized and simpler digital enrollment experience for seniors exploring their Medicare options. The financial investment by Humana supports both companies’ visions to create a more efficient, transparent, and consumer-centric healthcare ecosystem. Following Humana’s minority investment, Healthpilot will remain payor-agnostic, providing consumer-specific recommendations for beneficiaries to enroll in the right health plan for their specific healthcare profile. Financial terms were not disclosed.
Healthpilot’s proprietary AI-powered model was developed based on the academic research of Healthpilot co-founder Dr. Jonathan Kolstad, PhD and features an online enrollment platform that provides Medicare Advantage, Medicare Supplement and prescription drug plan (PDP) recommendations based on beneficiaries’ unique healthcare situations. Using a digitally native platform, it leverages enrollee information such as their personal health profile, choices for physicians, prescription drug utilization and cost preferences, and then matches prospective enrollees with the optimal choices available for their Medicare plan needs. Most applications are submitted without a consumer requiring assistance from a Healthpilot customer support representative.