Medicare Advantage

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 Dave Muoio 04:11 pm December 11, 2019
Not so fast? Google’s plans to purchase Fitbit will soon be under the US Department of Justice’s lens. According to a New York Post report, the merger raised antitrust flags at both the DOJ and the Federal Trade Commission, with the former federal agency ultimately winning out. The Post’s sources said that both of these agencies are hesitant to allow Google an even greater view into individuals’...
By Laura Lovett 02:44 pm November 21, 2019
Earlier this month Google announced its plans acquire Fitbit for roughly $2.1 billion, shaking up the wearable industry, opening up a number of questions about exactly what lies ahead, and what an integration of the two companies looks like.  But the wearables company has long planted its roots in a handful of different markets and business strategies — consumer trackers, health plan partnerships...
By Dave Muoio 01:28 pm October 9, 2019
Medicare Advantage plan reimbursing for Apple Watches. Startup Medicare payer Devoted Health will be offering Apple Watches to its members as a fitness benefit, according to a report from CNBC that MobiHealthNews confirmed with the company. Devoted Health wrote in its marketing materials that it will be covering $150 of the cost of “wearable devices like an Apple Watch” per year alongside other...
By Abhinav Shashank 10:08 am September 6, 2019
Abhinav Shashank is the cofounder and CEO at Innovaccer Inc. Abhinav has led the San Francisco-based healthcare data activation platform company since its inception in 2014. Under his supervision, Innovaccer developed its proprietary healthcare data activation platform. We dream of a healthcare system that encircles all citizens and connects them to the common thread of care, which is built on...
By Dave Muoio 03:09 pm April 30, 2019
The Centers for Medicare and Medicare Services has recognized chronic disease management company Livongo as an enrolled provider for Medicare Advantage members, the startup announced this morning in a release. And, to kick off its new designation, Livongo’s diabetes management offering will be available this June to Medicare Advantage members receiving care through a Cambia Health Solution...
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...
By Laura Lovett 04:17 pm February 7, 2019
This morning the Mayo Clinic announced that it is teaming up with technology company Leidos to build an accelerator on the former’s Jacksonville, Florida campus. The new accelerator will be using Leidos’ integration systems and applied public health applications. The goal is to develop and commercialize products.  "The shared values and deep passion for transforming healthcare make this...
By Dave Muoio 04:04 pm February 7, 2019
Thanks to a new CMS rule supporting more non-medical support services, Lyft announced today in a blog post that it will be expanding two existing partnerships to bring company’s non-emergency medical transport (NEMT) service to Medicare Advantage (MA) plans. The first builds on a roughly 19-month relationships with Blue Cross Blue Shield, and will provide NEMT to certain BCBS MA plans by the...