The payer established three areas it will invest the venture capital in: insights and analytics, digital health and experience, and care delivery and enablement.
Cigna Ventures has invested in 15 companies since Cigna gave it $250 million in 2018, according to eMarketer. Cigna’s most recent investment was a $750 million contribution to Bright Health.
According to eMarketer, Cigna is likely to invest the $450 million in home healthcare startups. The move both manages rising healthcare costs for seniors — especially as Cigna looks to shore up its spending as part of its value creation strategy — and plays catch-up with other major payers who are already in the space.
Home care startups like AlayaCare and Contessa could be front-runners for Cigna Ventures’ capital, according to eMarketer.
