Startup Medicare Advantage plan gets $140M
Becker's Healthcare September 25, 2024
Startup Medicare Advantage plan Zing Health has raised $140 million in funding.
The funding round was led by Health2047, a venture fund founded by the American Medical Association, CRG and First Trust Capital Partners, according to a Sept. 25 news release.
Zing was founded by Health2047, Eric Whitaker, MD, and former UnitedHealth Group executive Garfield Collins. The plan has been in operation since January 2020. The Chicago-based insurer offers special needs plans for individuals with chronic conditions.
“Through the delivery of CSNP plans to underserved seniors, we are providing the appropriate benefits to improve health outcomes and leveraging technology to ensure members receive high...