From launching new health plans to partnering with existing payers, more startups are moving into the health insurance space. Here are six startups Becker's has reported on since Aug. 1.
Startup Curative, best known for providing COVID-19 testing, is launching a health plan in the Austin, Texas, area billed as having no copay or deductible costs. The startup was launched by British entrepreneur Fred Turner in 2020.
Cityblock Health, a New York City-based startup focused on providing care to low income patients, announced it is expanding to Indiana Sept. 20, in partnership with insurer MDwise. Cityblock, founded in 2017, also operates in Connecticut, Massachusetts, New York, North Carolina, Washington, D.C., and Ohio. The company was spun-off from Google's urban innovation group Sidewalk Labs in 2017, according to CNBC.
Two former Humana executives are creating a new business focused on selling health plans to employers with fewer than 50 employees, KYInno reported Sept. 20. Arrow Health, created by former Humana Director of Strategy and Growth Waleed Bahouth and former Director of Benefits Erik Anderson founded the company, which currently has 43 clients for 2023 benefits.
Priority Health, a Michigan nonprofit payer, is partnering with rural-healthcare-focused startup Homeward to provide at-home and mobile care. Homeward recently clinched $50 million in series B funding.
Cigna and Optum's venture funds were among the investors backing mental health startup Alma, a company that helps independent mental healthcare providers build their platforms. The startup raised $130 million of series D funding, it said Aug. 30.