Healthcare DIVE October 24, 2017
Dive Brief:
- Another Medicare Advantage (MA) payer may soon enter the market. Devoted Health of Newton, Mass., raised $62 million and plans to start selling MA plans in 2019.
- According to the financial filing, the company has some big-name backers, including former HHS Secretary Kathleen Sebelius and former Senate Majority Leader Bill Frist, and co-founded by Todd and Ed Park, who co-founded athenahealth.
- In other MA news, Oscar is looking into MA. Axios reported that the company posted a job posting looking for a person to help “support the launch of our Medicare Advantage business.” The company has since removed the job posting. Anthem stated it will acquire America’s 1st Choice, a privately held MA plan with about 130,000...
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