-

SCAN Group Makes Strategic Investment in Arine

Healthcare non-profit says Arine’s AI-driven approach to optimizing medication use is key to improving health outcomes

LONG BEACH, Calif.--(BUSINESS WIRE)--SCAN Group, whose holdings include SCAN Health Plan, one of the nation’s largest not-for-profit Medicare Advantage plans, has made a strategic investment in Arine, a tech-driven leader improving medication management and adherence. Arine's software platform analyzes social, clinical and behavioral data and develops personalized recommendations that enable clinicians to tailor care for patients and their care teams.

According to Arine, one in five older adults is taking potentially inappropriate medications and more than one-third of senior emergency room visits are due to medication mismanagement.

“SCAN is proud to be investing in Arine, a company that shares our belief that appropriate prescribing and adherence are key to improving health outcomes among older adults,” said Dr. Sachin Jain, president and CEO of SCAN Group and SCAN Health Plan. “By helping to ensure that seniors are on the right doses of the right medications and are taking them properly, Arine is making strides in the effort to keep seniors healthy and independent.”

“Arine is thrilled to have SCAN, a premier Medicare Advantage plan, as a client and an investor. By working with patients, caregivers, pharmacists and physicians to help ensure patients are being prescribed appropriate medications—and taking them—Arine helps health plans get the best possible outcomes for patients, including older adults with complex care needs who take multiple medications,” said Yoona Kim, Arine’s CEO and co-founder. “Arine has shown that health plans that utilize our platform can achieve the highest quality ratings on adherence and other medication-related measures.”

SCAN is no stranger to Arine’s platform and capabilities. Determined to reduce healthcare inequities among older adults, SCAN is currently working with Arine to improve medication adherence rates among its Black and Latinx members. Under the SCAN/Arine program, the two organizations use Arine’s predictive analytics technologies to guide proactive, linguistically and culturally appropriate interventions.

“We’re excited about what we’ve seen in our first joint program,” said Binoy Bhansali, corporate vice president of Corporate Development for SCAN Group. “Arine’s AI-driven virtual pharmacist platform helps ensure older adults are on the right medications, understand what they are for, and are taking them correctly, which aligns with SCAN’s strategy to invest in companies that improve care for seniors.”

SCAN Group’s investment in Arine is the latest in a series that the organization is making as part of its larger diversification strategy, developed to foster the growth of companies that align with its mission to support healthier aging.

Earlier this year, SCAN made a strategic investment in MedArrive, a healthcare logistics and services platform that enables payers and providers to extend care services into the home. SCAN also made an investment in Monogram Health, a leading kidney care management company that provides in-home solutions for patients living with chronic kidney and end-stage renal disease.

About SCAN Group

SCAN Group is a mission-driven organization that is tackling some of the biggest issues in health care for older adults. The core of SCAN Group is SCAN Health Plan, one of the nation’s foremost not-for-profit Medicare Advantage plans, serving more than 220,000 members in California. Independence at Home, a SCAN community service, provides vitally needed services and support to seniors and their caregivers regardless of plan membership. SCAN Group also invests in new companies to support healthier aging, offers education programs, community funding, volunteer opportunities, and other community services in support of its mission—keeping seniors healthy and independent. To learn more, visit scanhealthplan.com or follow us on Twitter @scanhealthplan.

About Arine

Arine optimizes medication therapy and treatment plans – saving 1 in every 6 healthcare dollars spent. The company's platform aggregates and analyzes clinical, social and behavioral data to identify gaps in patient care and uses artificial intelligence to address and resolve them on behalf of payors and risk-bearing providers. Since the Company’s commercial launch in 2019, Arine’s platform has been used to optimize treatment plans, monitor medication performance, and improve outcomes for patients on multiple medications for healthcare organizations covering over 20 million lives across 20 states. For more information, visit https://www.arine.io/.

Contacts

Seffrah Orlando
sorlando@scanhealthplan.com
562-508-6781

SCAN Group


Release Versions

Contacts

Seffrah Orlando
sorlando@scanhealthplan.com
562-508-6781

More News From SCAN Group

As Omicron Variant Appears and Flu Cases Rise, SCAN Health Plan Will Provide COVID Boosters and Flu Vaccines to Homebound Seniors and Caregivers

LONG BEACH, Calif.--(BUSINESS WIRE)--Just 42 percent of eligible American seniors have received their third COVID vaccine dose, leaving many older adults at risk. Starting December 9, SCAN Health Plan, one of the nation’s largest not-for-profit Medicare Advantage plans, in partnership with MedArrive, a platform powering care into the home, will dispatch paramedic and EMT teams across Los Angeles and Orange Counties to provide flu vaccines and COVID-19 boosters to homebound SCAN members. The vac...

Welcome to Welcome Health

LONG BEACH, Calif.--(BUSINESS WIRE)--SCAN Group, whose holdings include SCAN Health Plan, one of the nation’s largest not-for-profit Medicare Advantage plans, is launching Welcome Health, an independent primary care medical group that will treat older adults through a combination of virtual and in-home visits. “With Welcome Health, SCAN is broadening our offerings in keeping with our mission to keep seniors healthy and independent,” said Dr. Sachin Jain, president and CEO of SCAN Group and SCAN...

SCAN Adds Brown & Toland Physicians to 2022 Medicare Advantage Provider Network in Two California Counties

LONG BEACH, Calif.--(BUSINESS WIRE)--SCAN Health Plan is building on its long-standing relationship with Brown & Toland Physicians to bring affordable, comprehensive and innovative care to SCAN members in Alameda and San Mateo counties. This partnership will result in SCAN members in those two counties gaining access to over 425 primary care physicians and more than 1,400 specialists beginning on Jan.1, 2022. “Brown & Toland has been a terrific partner and we look forward to our members...
Back to Newsroom