Home Health Care News January 2, 2024
Devoted Health, a next-generation Medicare Advantage plan and tech-enabled startup, made a financial splash to end 2023 – announcing $175 million in new funding.
The Massachusetts-based Devoted Health is an all-in-one health care company that delivers virtual-first care and insurance to primarily Medicare Advantage patients. It’s one of the many payers that has prioritized home-based care as well.
Devoted, founded in 2017 by brothers Todd and Ed Park, was one of the first organizations to popularize the term “payvidor.”
The company delivers in-home care by combining Medicare Advantage coverage with its virtual and in-home care provider — Devoted Medical — as well as partnerships with other home health providers.
The company has seen significant growth recently, boasting a year-over-year increase...
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