Devoted Health is a tech-enabled Medicare Advantage health insurance and clinical services company focused on improving health care for seniors in the U.S.
Devoted Health's mission is to dramatically improve the health and well-being of older Americans by caring for each and every person like they are family.
Devoted Health was founded in 2017 by Ed Park and Todd Park. The company is based in Waltham, Massachusetts, with multiple offices across US.
Devoted Health combines into a single, seamless service: a best-in-class Medicare Advantage insurance product; partnerships with leading providers; and Devoted Medical, the company’s own advanced virtual and in-home care provider.
Devoted Health uses its software and data to try to make more informed decisions about the cost and delivery of care, acting as both an insurer and a provider.
Devoted Health partners closely with primary care physicians who focus on preventative care and management of chronic conditions and oversee care for all members. The company boasted nearly 40,000 members as of June 2021.
Devoted is backed by Andreessen Horowitz, GIC, Softbank Vision Fund 2, CLF Partners, CONIQ Growth, General Catalyst, Uprising, Dreamers VC, Premji Invest, Maverick, Frist Cressey Ventures, NextView Ventures, and others. The company raised $1.15B in Series D round on Oct 08, 2021. This brings Devoted Health's total funding to $1.96B to date. The latest round valued the company at $12.7B post-money.