Babylon Health will pay for employee COVID-19 tests, if they share results: 4 details

Babylon Health, a telemedicine company based in the U.K., is offering to pay for employees to undergo COVID-19 testing if they provide the company with their results, according to a Bloomberg report.

Four details:

1. The company is offering its pin-prick blood tests to U.K. employees to test for COVID-19. The tests were designed to monitor kidney and liver functions and sold directly to consumers.

2. The tests may show whether the person was exposed to COVID-19 and potential immunity. Those who do have immunity could leave their homes for work, according to the report. A company spokesperson said the tests had 99 percent specificity and 95 percent sensitivity.

3. Babylon's employee test is voluntary and could serve as a pilot for broader roll-out. However, the requirement to report results to the company has raised privacy concerns.

4. Babylon Health has also been in the news for furloughing around 5 percent of its workforce, or about 100 staff members, in early April despite its $2 billion valuation last year.

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