Where payers are spending their investment dollars

Payers and their venture arms have spent 2022 investing in a variety of new healthcare companies, including digital insurance marketplaces and behavioral health providers.

Elevance Health took part in a $50 million private investment round in September for GoHealth, a Chicago-based health insurance marketplace and Medicare-focused digital health company.

Optum, Aetna and Cigna were all backers in an $8 million seed funding round in September for Hopscotch, a New York City-based startup that helps to simplify youth access to behavioral health services and make it easier for pediatric providers to work with payers.

Blue Cross and Blue Shield of Kansas City invested $5 million in virtual opioid addiction treatment company Bicycle Health during an $83 million investment round in September through its venture subsidiary Cobalt Ventures.

Kaiser Permanente's venture arm was among the investors in a $75 million series C funding round in September for Kate Farms, which produces plant-based nutrition for tube or oral feeding.

CVS Health and UPMC took part in a $65 million series C funding round in September for Redesign Health, a New York City-based firm that helps launch other healthcare companies.

Cigna and Optum participated in a $130 million funding round in August for Alma, a New York City-based company that helps independent mental healthcare providers build their practices.

Optum participated in a $75 million series B funding round in August for artificial intelligence diagnostic company Digital Diagnostics.

Optum, CVS Health and Elevance Health were among the backers of Nashville, Tenn-based CareBridge during a $140 million financing round in June. CareBridge is a value-based care company for patients receiving home and community-based services.

GuideWell and Highmark led a $35 million funding round for Tampa, Fla.-based kidney population health management company Healthmap Solutions in May.

Highmark participated in a $13.5 million financing round in April for Free Market Health, a Pittsburgh-based pharmacy technology company.

Optum and Cigna's venture arms participated in a $30 million investment round in March for Flume Health, a New York City-based digital health plan administration platform.


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