Datapoint: CareSource to Invest in Tech-Based Rehabilitative Health Care Company

CareSource, an Ohio-based nonprofit health insurer with a significant Medicaid presence, will invest $1 million in Augment Therapy. Augment is a “digital health company enhancing rehabilitative health care and exercise through immersive and gamified technology,” according to a May 2 press release. CareSource, which holds Medicaid contracts in four states, has announced several deals in recent months, including an agreement with Walmart Inc. to enhance pregnancy and postnatal care for CareSource members, and a tech-oriented deal with Michigan-based nonprofit insurer Health Alliance Plan. The insurer currently enrolls 2,389,072 lives.

Source: AIS’s Directory of Health Plans

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