202329 Dec

Devoted Health: $175 Million To Improve Medical Care For Older Americans

Summary

And members of the companys best-in-class Devoted Health insurance plans receive comprehensive, tech-enabled preventive care services from Devoted Medical the first virtual-first and in-home medical group built from the ground up to serve the specific needs of the Medicare population.Additional supporting members are Devoteds full-service Guides who help navigate each member through their health care journey. And all of Devoteds work is powered and rendered truly scalable by its proprietary technology platform, Orinoco which is the first modern software platform that can support the entirety of payor and healthcare provider operations end to end in a highly integrated way. Orinoco helps choreograph members, getting the proper care in the right place at the right time, along with the right care upfront that keeps members as healthy as possible.This new funding round also followed a year of rapid growth for Devoted Health, which serves over 140,000 members as of December 2023 (year-over-year growth of more than 70 percent) and expanded to serve a total of 299 counties across 13 states during this years Medicare Annual Enrollment Period. In May, Devoted was recognized by the Pharmacy Quality Alliance (PQA) and received the Laura Cranston Excellence in Quality Award, PQAs highest award for performance on key measures of medication safety and appropriate use.In a healthcare system that isnt always accessible or easy to navigate, we at Devoted Health are profoundly honored to provide each member with the same quality of care and service wed want for our own families. Its deeply gratifying to have so many others believe in the promise of our model, and were very excited to bring the love and world-class care that is Devoted to more and more Americans.

Source: Pulse2

Funding

$175M
Amount
Dec 29 2023
Date
-
Investor
Devoted Health
Company

Classifications

Companies