Fierce Healthcare October 17, 2018
Devoted Health just closed a $300 million series B and began selling MA plans in Florida.
A much-anticipated health insurance startup officially launched its Medicare Advantage offerings in Florida buoyed by $300 million in new funding.
Devoted Health, co-founded by former Athenahealth executives Todd and Ed Park, announced (PDF) on Tuesday it would begin selling Medicare Advantage plans in eight counties in Florida. The $300 million series B funding round led by Andreessen Horowitz is a sign that investors believe the technology-enabled insurance startup can compete with the likes of insurance stalwarts like UnitedHealthcare, Humana and Cigna.
Devoted is trying to separate from the pack by pitching itself as a so-called “payvidor” offering healthcare services in the home in...
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