Health Analytics Startup Springbuk Lands $3.75M Venture Round.

Springbuk, a year-old Indianapolis health analytics firm that serves mid- to large-size employers, said Thursday that it raised $3.75 million in a Series A funding round led by St. Louis-based Lewis & Clark Ventures.

The company plans to use the capital to fuel product innovation and strategic hiring.

Springbuk’s cloud-based analytics product is used by nearly 500 businesses representing a half-million individuals. The software pulls together disparate data used by human resources and wellness professionals—everything from medical claims to payroll—allowing employers to evaluate health programs, identify at-risk members, and help them help themselves.

Meet the Wellness Programs That Save Companies Money.

Workplace wellness is under scrutiny by skeptics who argue that the return on investment (ROI) in wellness programs does not justify their costs. What’s the truth here? Can wellness programs help employers reduce out-of-control health care costs? The answer, most emphatically, is yes. But we must first go beyond unduly narrow interpretations of ROI (i.e., “claims ROI”), to understand how properly designed wellness programs can help employers lower health care costs while providing other types of cost savings and competitive advantages.

How to Design a Corporate Wellness Plan That Actually Works.

Lately, there’s been some debate about whether workplace health promotion programs, more commonly known as wellness programs, work. To us, it’s similar to asking whether reviews, training programs, employee assistance services, or other company initiatives are effective for both worker performance and the bottom line. The honest answer is that some are successful while others fail. And most of the time this comes down to how they’re designed and executed.

Corporate Wellness Programs Lose Money.

Evidence that wellness programs lose money has been accumulating. This evidence has come not just from critics such as ourselves, but even from members of the wellness industry. In total, the evidence is compelling enough that companies planning or currently running their own programs may want to reconsider their commitment to these programs, or at a minimum, recalculate savings using the available calculator. This is especially true for companies where these programs are proving unpopular enough that significant savings would be required to justify the negative morale impact that these programs often involve.

Teach Now or Treat Later: Wellness Educator Omada Raises $48M

Health insurance plans are avidly searching for ways to reduce the cost of medical treatment, such as favoring generic drugs over brand name pharmaceuticals. San Francisco-based digital health company Omada Health approaches the cost problem from a different direction, by trying to prevent serious, chronic diseases from developing in the first place.

Yoogaia’s Home Fitness Platform Gets $3M To Push For International Growth.

Finnish fitness startup Yoogaia has pulled in a $3 million seed to stretch its home exercise platform into more markets. Investors in the round are Nokia Growth Partners, Inventure, Sanoma Ventures and Point Nine Capital.

Although Yoogaia announced a $630,000 ‘seed’ round last October, it now terms that more of a ‘pre-seed/angel’ round — and says it’s hoping for a more sizable Series A “soon”.

Physical activity touted as medicine for mental illness.

A new report on physical activity in Europe underlines the positive impact of exercise for the body and the mind.

The report by the Centre for Economics and Business Research (CEBR), published on Wednesday (18 June), points to various studies suggesting that physical activity can prevent mental illness, such as stress, anxiety and depression.

Getting citizens to exercise is a cost-effective way of reducing healthcare spending and makes workers more productive and efficient at work, says the report commissioned by the International Sport and Culture Association (ISCA).

Sharecare pulls in $20M to bring its patient engagement platform to enterprises.

In the age of value-based care and population health management keeping patients engaged in healthy habits, like taking their meds correctly and counting their steps, is hugely important.

Sharecare started out life as a health and wellness information site and social network created in 2010 by Jeff Arnold (the guy who founded WebMD) and television’s Dr. (Mehmet) Oz, in partnership with Harpo Studios, Sony Pictures Television and Discovery Communications.

The company is now expanding its business-to-business play — which means licensing its platform and content to large enterprises and health providers — and it’s raised a new $20 million of venture capital to do it.


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