The top 10 Medicare Advantage-focused startups have raised more than $20 billion combined in venture funding, according to a Feb. 27 report published in Health Affairs, citing PitchBook.
In 2022, CMS spent more than $427 billion on MA, or 55 percent of total federal Medicare funding.
10 Medicare Advantage startups with the most venture funding:
- VillageMD: $6.55 billion
- Bright Health: $3.4 billion
- Oscar Health: $3.4 billion
- Devoted Health: $2 billion
- Clover Health: $1.6 billion
- Agilon Health: $1.1 billion
- Cano Health: $1.05 billion
- Alignment Healthcare: $911 million
- Oak Street Health: $652 million
- Iora Health: $382 million