The reason for the closure is probably to do with problems at the US health insurance giant itself, which has seen its share price fall 15% in the past month. After five years in Israel, US health insurance giant Elevance Health Inc. is shutting down its activity here, "Globe" has learned.
The development center, formerly called Carelon, and managed by Udi Goori, dealt with development of strategic digital health solutions for Elevance, and employed about 40 people with special know-how and training in artificial intelligence and data processing in the medical field. Besides technological development in digital health, the center was also responsible for collaborations with Israeli startup companies. Through the center, deep cooperation was created between Elevance and companies such as K, TytoCare, VIM Diagnostic Robotics, MDI Health, and other companies, all of them concerned with the journey of the patient in the health system.
In the case of some of the companies, Elevance helped in integrating their products in the US health system, and for TytoCare in particular the link (which will continue) is significant, and includes the installation of thousands of its home healthcare devices with Elevance’s customers. In addition, Elevance recently carried out a fostering and acceleration program for younger startups to help them understand in depth the needs of the US health system. The loss of the connection with Elevance is a significant blow to the digital health sector in I.