insurtech

By Dave Muoio 04:01 pm March 4, 2020
Alignment Healthcare, a Medicare Advantage (MA) insurer that relies on a tech platform to manage its members' shifting data in real time, has announced $135 million in new funding. The Series C round was backed by Fidelity Management & Research Company, Durable Capital Partners L.P. and multiple funds and accounts advised by T. Rowe Price Associates. WHAT THEY DO Active within California (and...

Bright Health headquarters in Minneapolis, Minnesota

By Dave Muoio 12:09 pm December 17, 2019
Bright Health’s funding rounds keep getting bigger and bigger, with the health insurance startup announcing today the close a $635 million Series D. Led by New Enterprise Associates (NEA) with additional support from Bessemer Venture Partners, Cross Creek Advisors, Declaration Partners, Flare Capital Partners, Greenspring Associates, Meritech Capital, Redpoint Ventures and Town Hall Ventures,...
By Dean Koh 04:17 am September 25, 2019
Shanghai-based CareVoice, a digital health startup targeting the insurance market, which announced an eight-figure Series A raise totaling roughly $10M at the end of August, today announced the launch of CareVoiceOS in mainland China and Hong Kong, a healthcare operating system that allows insurers to deliver health plans which are more tailored, efficient and compelling to their customers. WHAT’...
By Dave Muoio 03:49 pm September 20, 2019
The US is wading into election season, and once again the healthcare system is a prime focal point for each campaign. And although the subject of “Medicare for All” was certainly present back in 2016, movements to overhaul the country’s insurance industry have gained some steam among voters over the last few years and now command considerable airtime during debates between presidential hopefuls....
By Laura Lovett 12:07 pm August 22, 2019
This morning Shanghai-based CareVoice, a digital health startup targeting the insurance market, announced an eight-figure Series A raise totaling roughly $10 million, according to the startup. The new cash round was co-led by LUN Partners Group and an unnamed fintech fund with participation from DNA Capital, SoSV and Artesian Capital.  This comes about a year and a half after the company...
By Dave Muoio 04:13 pm July 10, 2019
Clover Health, an Alphabet-backed insurtech startup serving the Medicare Advantage market, announced this morning the launch of a new subsidiary unit that will be focused on using data from its members to drive drug development. Much like its parent company uses machine learning and artificial intelligence to generate predictive health insights for its member population, Clover Therapeutics will...

Credit: Prudential 

By Dean Koh 11:57 pm June 24, 2019
Hong-Kong headquartered life insurance company Prudential announced that it has entered into a regional agreement with HælthTech, a specialist provider of technology solutions and operating platforms for insurers. Under the agreement, Prudential will integrate HælthTech’s OMNI cloud-computing technology into PRUWorks by Prudential, a one-stop platform that offers small and medium-sized...
By Dave Muoio 03:12 pm March 28, 2019
  Editor's note: A previous version of this article stated that a billing incident involving Clover Health occurred last year, rather than in 2015. This has been corrected below.  Clover Health, an Alphabet-backed insurtech startup focusing on the Medicare Advantage market, is restructuring its internal teams in an attempt to bring on healthcare insurance and health IT expertise, the result of...
digital health insurance

Source: Alan

By Leontina Postelnicu 08:18 am February 18, 2019
Paris-based digital health insurance provider Alan - founded in 2016 - has raised €40m in a Series B funding round led by Index Ventures and partners of DST Global.  Alan, the first licensed health insurance company in France in more than 30 years, plans to use the new money to grow its user base in France, with a focus on SMEs and freelancers, and expand its team to 175 employees by the end of...
By Dave Muoio 11:40 am January 30, 2019
Clover Health, an insurtech startup targeting the Medicare Advantage market, will close a new round of funding within the next couple of weeks led by Greenoaks Capital, Clover CEO Vivek Garipalli announced in a Medium post yesterday. TechCrunch reports that the upcoming round will be valued at $500 million, although a representative of the company who confirmed the funding to MobiHealthNews said...