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Kansas, Hawaii Blues invest in Blue Shield of CA’s health tech sister company
Yahoo Finance· 2025-09-18 10:59
Group 1 - Blue Shield of California has restructured to improve its finances, creating a new parent company called Ascendiun to oversee its operations and services [3][4] - Stellarus, a platform developed by Blue Shield, integrates over 60 datasets to support various healthcare tools, including member communications and population health management [3][4] - The company aims to sell its services to other Blues plans that lack the resources to develop similar capabilities independently [4][5] Group 2 - Blue Cross Blue Shield of Kansas and Hawaii Medical Service Association have joined Stellarus as early adopters, each taking a stake in the company and receiving a board seat [5][7] - The partnership is expected to enhance technological capabilities while maintaining local independence for the participating plans [5][6] - Stellarus will provide a comprehensive data hub and services such as member engagement and prior authorization automation to its partners [7]