Fierce Healthcare August 20, 2019
California-based Alignment Healthcare, an artificial intelligence-driven Medicare Advantage (MA) plan, is aiming to double its geographic footprint in 2020.
Pending regulatory approval, the company will expand its reach from eight to 16 California counties and from 10 health maintenance organization (HMO) products to 22 HMO and preferred provider organization (PPO) plans, Alignment announced Tuesday.
The startup health plan launched in 2013 and has earned more than $240 million in investment across two funding rounds.
The 2020 growth will allow the plan to reach 1.2 million Medicare beneficiaries in California, Dawn Maroney, consumer president at Alignment, told FierceHealthcare. Currently, Alignment is home to 50,000 members in its MA plans.
It also partners with health plans in North...
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