DARIEN, Conn. -- A Darien-based company created by the founder of Oxford Health Plans expects to hire at least 150 people, according to a story in the Stamford Advocate.
Steve Wiggins, former Oxford Health CEO, through his new company Remedy Partners, has been piloting a system of bundled payments to cover “episodes of care” for Medicarepatients, according to the story. The idea is payments are linked to successful recoveries, rather than fees for physician services, according to the story.
Wiggins raised $35 million in 2011 in launching Remedy Partners and has $50 million in new money from Bain Capital Ventures, according to the story
The company has grown from 75 people a year ago to about 200 at its Darien headquarters and a facility in Shelton, according to the story. With the $50 million investment from Bain, Remedy plans to add between 150-175 employees, according to the story.
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