MedCity News October 17, 2018
The Medicare Advantage startup pitches itself as a “payvidor” as it goes against a host of competitors including Bright Health, Clover Health and Oscar Health.
Insurance startup Devoted Health has raised a massive $300 million Series B financing round led by Andreessen Horowitz as it opens up its Medicare Advantage product for enrollment in Florida.
The Waltham, Massachusetts-based company was founded in 2017 by brothers Ed and Todd Park, who serve as the company’s CEO and executive chairman, respectively. The duo had previously started healthcare IT company Athenahealth and Todd Park was also a co-founder of price transparency company Castlight Health and served as the U.S. chief technology officer under President Obama.
All told, the company has raised $369 million...
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