A recent article on Motley Fool titled “2 Top Health Insurance Stocks to Buy in June”, talks about how hospitals have suffered dramatically and health insurers have profited dramatically.
The article discussed Centene (NYSE: CNC) and, “a more value-oriented pick” Cigna (NYSE: CI).
What it does not discuss is the disproportionately growing uninsured comprised of young, low income and ethnic minorities, which as a whole, is becoming the majority. This is forcing the premiums of the insured to skyrocket, as costs to provide care skyrocket to offset non-payment from the uninsured.
At the end of the day, this translates into less insured and less revenue for insurance companies as employers continue to work around the “full time mandate” designated by current policy.
Smart money is looking into another healthcare sector which seems to be underdeveloped at this time.
Medical Technology. The way apple created an ecosystem to trap its users on its platform by creating simplicity, another company is doing the same in the Med Tech space.
Have a look at Emerald Organic Products, Inc. (OTC Pink: EMOR). The company is soon to be renamed Carie Health Inc.
Carie Health is a medical technology company which operates in three divisions.
- Carie.com is a telehealth solution for physicians, psychologists and dentists which allows these providers to provide virtual healthcare quickly and effortlessly.
- CarieGlobal.com, is a Care Benefits platform serving consumers and small to large employer groups with sophisticated benefits bundles that include virtual care, Rx delivery and discounts, behavioral health and much more.
- CarieRX.com is a world class intuitive platform that focuses on prescription fulfillment through a new patient / doctor communication platform called CarieRX Hub.
Through these subsidiaries, Carie uniquely combines virtual care capabilities with digital pharmacy and prescription delivery offerings in a streamline ecosystem.
In a recent letter to its shareholders, Carie has recently entered into a Letter of Intent to acquire a network of strategically positioned pharmacies to enhance Carie’s prescription drug delivery capabilities. This acquisition target currently generated annual revenue greater than $120 million, which is expected to be enhanced once integrated into the Carie ecosystem.
Carie has also signed a term sheet to for a joint venture with Health Services Hub and established ancillary benefits administrator with over 1.5 million lives on its platform.
Most recently however, Carie announced a joint venture with Deposits.com, which weaves effortlessly into their ecosystem. Through this fintech meets healthtech partnership with Deposits.com, the Company will expand on its ability to provide members with flexible, customized, easy-to-use tools and solutions to better manage their daily lives through care benefits that make sense.
In the world of medical technology, and with the addition of fintech, the ecosystem created by Carie Health, could be seen as a reflection of the ecosystem built and mastered by Apple Computer Corp. (NASDAQ: AAPL)
Emerald Organic Products is anticipating the completion of its name change to Carie Health in the near future, as the necessary paperwork has already been approved by the Nevada Secretary of state and submitted to FINRA.One of the biggest challenges with the healthcare sector is its deep and extensive fragmentation and it is this that Carie seeks to streamline. Carie has a lot on its plate, but with a network of over 400 doctors, a 1.5 million strong platform and a letter of intent to acquire a company with more than $120 million in sales, it might just pull it off.
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