Theranos strikes its first insurance deal

Palo Alto, Calif.-based Theranos — a company that has shaken up the laboratory testing market — has teamed up with health insurer Capital BlueCross to provide Theranos' technology and laboratory services in Central Pennsylvania.

Through their partnership, the companies intend to highlight how Theranos' services can be used to lower the cost of care in areas where costs of medical diagnostic testing are high due to a lack of healthcare resources. Theranos' tests are all at least 50 percent below the Medicare reimbursement rate.

Under the deal, all of Theranos' tests will be available to Capital BlueCross members in Central Pennsylvania, including full fertility panels for $35 and simple cholesterol tests for $2.99.

"Our partnership with Capital BlueCross is centered on a common mission — to provide access to high-quality, affordable healthcare, so that people everywhere can own their health and take action to live their best lives," said Theranos Founder and CEO Elizabeth Holmes.

More articles on Theranos:

What drives Theranos founder Elizabeth Holmes
Frost & Sullivan report lists top 10 companies disrupting healthcare
Cleveland Clinic and Theranos enter long-term strategic alliance



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