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Amino

Amino has raised $25 million in venture funding, led by Highland Capital Management, as the health care startup expands its transparency technology to employers, doctors and hospitals. Amino has now raised $45 million from investors since it started in 2013.

What Amino does: Anyone can go to Amino's website for free and look up a procedure or treatment in their area. Amino spits out names of doctors and hospitals based on a person's health insurance carrier, and people can see how much it could cost to see a provider and book an appointment. "The need for transparency is something that everyone seems to be clamoring for," Amino CEO and co-founder David Vivero told Axios.

The data are based on 9 billion insurance claims that Amino has bought and aggregated. Vivero used to be an executive at Zillow, the online real estate database company, so Amino is trying to do something similar.

How Amino will try to make money: Employers and doctors can pay Amino to plug into its technology and customize deductibles and out-of-pocket spending to employees or patients.

Amino's plan has attracted several big names to its advisory board, including Dr. Ashish Jha of Harvard, Dr. Bob Wachter of the University of California San Francisco and Joy Pritts, the former top privacy official at the Office of the National Coordinator for Health IT. It's still too early for Amino to consider going public, but Vivero said he "wouldn't rule it out."

Our thought bubble: There's a clear appetite for price and network transparency in health care especially as high deductibles, both for employer-based coverage and Obamacare plans in the individual market, aren't going away. But there's a limit to shopping in health care, as many studies have shown. If your appendix explodes or you have a heart attack, you won't have time to rush to a transparency website to find the best deal or the quality ratings of a surgeon. Other transparency companies, like Castlight Health, also have struggled to catch on.

Go deeper

Updated 13 mins ago - World

Up to 17 U.S. missionaries kidnapped in Haiti

Haitian soldiers guard the public prosecutor's office in Port-au-Prince this month. Photo: Richard Pierrin/AFP via Getty Images

Children were among up to 17 American Christian missionaries and their relatives kidnapped by a gang in Haiti on Saturday, the New York Times first reported.

The latest: Haitian police inspector Frantz Champagne identified the 400 Mawozo gang as the group responsible, in a statement to AP.

Hollywood union reaches deal with studios to avert strike

Photo: AaronP/Bauer-Griffin/GC Images

A Hollywood workers' union reached a tentative deal with studios, networks and streamers that will guarantee better working conditions, meal breaks and increased wages for low-paid workers, the International Alliance of Theatrical Stage Employees (IATSE) announced Saturday night.

Why it matters: The deal, which still needs to be ratified by IATSE members, will avert a nationwide strike by film and television workers that was set to start Monday. It would have been the first strike in the union's 128-year history.

Bill Clinton released from hospital following treatment for non-COVID infection

Photo: Tasos Katopodis/Getty Images/Bloomberg via Getty Images

Former President Bill Clinton was discharged from the University of California, Irvine Medical Center on Sunday, nearly a week after he was admitted for a non-COVID-related infection, according to his spokesperson Angel Ureña.

What they're saying: "His fever and white blood cell count are normalized and he will return home to New York to finish his course of antibiotics," wrote Dr. Alpesh Amin, who has been overseeing the team of doctors treating Clinton. "On behalf of everyone at UC Irvine Medical Center, we were honored to have treated him and will continue to monitor his progress."

Worth noting: Clinton had a urinary tract infection that spread to his bloodstream, per CNN.

  • The California-based medical team had been administering IV antibiotics and fluids, and was in constant communication with Clinton's New York team, including his cardiologist, according to the former president's physicians.
  • President Biden spoke by phone with Clinton on Friday to see how he was doing, and the catch-up included a discussion of recent politics.