nib sets up joint venture with Cigna for health data science and analysis

Private health fund nib has partnered with US health insurance giant Cigna to create a specialist healthcare data science and services company that aims to analyse members' individual disease risk, develop disease risk profiles and better manage their healthcare.

nib and Cigna have both invested $10 million in the joint venture, which will operate independently of nib and will offer its products to other insurers and government payers and eventually to healthcare provider groups.

The joint venture entity also intends to offer services and health management programs to members in Australia and New Zealand, initially in the areas of mental health and post-hospital discharge planning, nib CEO Mark Fitzgibbon said.

Posted in Australian eHealth

Tags: NIB, Cigna

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