Medicare Advantage

Executives at a lecture
By  Anthony Vecchione 10:25 am December 19, 2024
Scripta Insights announced it raised $17 million in Series B funding led by Aquiline, bringing its total raise to $42 million. Contour Venture Partners, Eastside Partners and ReMY Investors participated in the round. Avery Klinger from Aquiline will be joining Scripta's board of directors as part of the deal.    WHAT IT DOES Scripta Insights develops pharmacy navigation solutions for self-insured...
Healthcare professional comforting patient
By  Anthony Vecchione 02:40 pm October 2, 2024
DarioHealth, a digital chronic-condition-management platform, announced it has entered into a new contract with a national Medicare Advantage health plan and plans to launch its behavioral health initiative, Twill by Dario, for the plan's members in Jan. 2025. Dario's platform and set of solutions provides data analytics and one-on-one coaching for a variety of health conditions, including...
man in chair with cane
By  Trevor Dermody 04:31 pm March 20, 2024
Tennessee-based insurtech provider Clover Health announced a partnership with mental and behavioral health platform Quartet Health, which will bring value-based behavioral healthcare to Clover members with severe mental illness through Clover Home Care.  Clover Home Care delivers care access, medication support, mental and physical care coordination, and community resources to seniors. Clover...
Person sitting in a chair looking at a tablet
By  Jessica Hagen 04:52 pm January 2, 2024
Tech-enabled Medicare Advantage company Devoted Health announced it scored $175 million in Series E funding at the end of 2023. Venture capital companies Fearless Ventures, Highbury Holdings, Stardust Equity, GIC, Maverick Ventures and The Space Between led the round. Andreessen Horowitz, Emerson Collective, Socium Ventures, The Private Shares Fund, and affiliated funds, General Catalyst, F-Prime...
Healthcare provider talking to a patient in a hospital gown while both look at a tablet
By  Jessica Hagen 06:06 pm August 7, 2023
Medicare Advantage insurtech company Clover Health announced it received a notice from NASDAQ stating the company has regained compliance with the minimum bid price requirement of closing at $1 or more per share for at least 10 consecutive days.  The company said that thanks to NASDAQ's notice, it will revisit its plans to effect a reverse stock split and share reduction proposal, as noted in a...
Person sitting in a wheelchair with a healthcare provider next to them, looking out a window
By  Jessica Hagen 12:57 pm June 26, 2023
Tennessee-based Clover Health announced it reached an agreement to settle seven lawsuits in Delaware, New York and Tennessee pertaining to allegations the company did not disclose it was under active investigation by the Department of Justice when it went public in 2021.  Clover Health provides Medicare Advantage insurance plans and offers provider tools, such as its Clover Assistant, which...
A nurse using a stethoscope on an older patient in her home.
By  Dr. Aaron Friedkin 12:20 pm October 13, 2022
On paper, Medicare Advantage enables all the tools payers need to provide the plan of choice in rural communities. This potential, however, has generally not translated to real-world success for Medicare Advantage plans. Despite consistent enrollment growth in metropolitan areas, rural markets remain relatively untapped. Data from the Centers for Medicare and Medicaid Services (CMS) show market...
Older man using a tablet
By  Mallory Hackett 11:56 am October 11, 2021
Tech-enabled Medicare Advantage company Devoted Health closed a hefty $1.15 billion Series D funding round led by Uprising and SoftBank Vision Fund 2. Returning investors GIC, Andreessen Horowitz, Premji Invest, Maverick, Frist Cressey Ventures and NextView Ventures as well as new backers ICONIQ Growth, General Catalyst, the Base10 Advancement Initiative and Emerson Collective also chipped into...
A man and a woman using a smartphone to talk to a provider
By  Emily Olsen 11:30 am September 21, 2021
Senior assistance startup Papa is partnering with Milliman HealthIO, a digital health tracking platform geared towards employers, payers and value-based healthcare providers. The collaboration will allow the companies to help manage chronic conditions for Medicare Advantage plan members and other organizations.  Papa provides on-demand help for seniors with nonmedical tasks like transportation to...
By  Gwendolyn Lee & Dan Gebremedhin, MD 12:54 pm December 4, 2020
In Part 1 of this article, we introduced Medicare and its covered services, along with rationales for digital health startups to engage with the nation’s largest payer. These motivations include Medicare’s large and growing beneficiary base, access to the nation’s largest and most influential payer, and movement toward value-based care. Despite these opportunities, startups have been relatively...