Devoted Health will start selling the plans, which serve as a private-sector alternative to traditional Medicare, in Florida before expanding nationwide.
The company plans to leverage homegrown technology, including a 24-hour call center and automated care alerts that notify a member’s physician when something goes wrong, to foster a more coordinated healthcare experience.
This latest funding effort, a series B investment round, was led by venture firm Andreessen Horowitz.
More articles on payers:
Mississippi health system blames Humana split on improper denials
Arkansas’ Medicaid work rule boots another 4,100 from program
UnitedHealth revenue soars to $57B; Optum quietly picks up pharmacy in Q3
At the Becker's 5th Annual Fall Payer Issues Roundtable, taking place November 2–3 in Chicago, payer executives and healthcare leaders will come together to discuss value-based care, regulatory changes, cost management strategies and innovations shaping the future of payer-provider collaboration. Apply for complimentary registration now.
