Allens advises Cigna on new health venture

Cigna
Cigna

The combined venture will aim to bid a range of services for the benefit of health fund members in Australia, to deliver better health results and risk management.

Every company will pay $10 million in start-up capital to develop and deliver healthcare plans relevant to diverse disease risk profiles.

Spotting on the deal it was said that the deal is unique because it is a sample of an Australian health insurer working with a global healthiness services company to innovate, utilize data and improve health outcomes.

They are excited to be part of a project where data will underpin personalized health risk organization, which is revealing of a developing drift towards modified, patient-centric healthcare.

Originally the joint scheme will focus on programs for the benefit of the nib Group, but it is imagined the joint venture may offer services to other healthcare insurers and providers of healthcare in Australia and New Zealand.