Remedy's Bid for Bundled Payments

A serial entrepreneur, Steve Wiggins made his bones in health care two decades ago running Oxford Health Plans, a company he describes as being a mix between Castlight and Oscar. Today, Wiggins is chairman of Remedy Partners, a company that’s offering itself to providers as go-between in managing bundled payments from CMS. “We’re the cheapest way into the pro-gram,” Wiggins tells Breaking Health Host Steve Krupa in this week’s podcast. “It would cost a provider anywhere between 4-5% on these bundles to manage them themselves.” Remedy Partners, which manages $5 billion in payments, is able to do the same job for less. Hear Wiggins’ unique take on how companies like Remedy can help fix health care.Guest Bio: Steve Wiggins has over 30 years of experience launching and managing health care companies and has founded seven health care companies including Oxford Health Plans, which grew into a Fortune 300 company under his leadership. Steve is a Managing Director of Essex Woodlands, one of the oldest and largest health care venture capital and growth equity firms. He was also the Founder, Chairman and CEO of HealthMarket, Inc., an insurance company that gave birth to innovative Consumer Driven Health Plans. He co-founded Health Partners, Inc, a physician practice management company. He was also a co-Founder of Intelliclaim, Inc., which provided claim auditing and productivity software and services to over twenty health insurance companies before it was sold to McKesson, and he was the founding investor in Ben-efitPort, LLC, a consolidation of health insurance general agencies. Steve graduated from Macalester College and has an MBA from Harvard Business School.