Bright Health is a health insurance company that offers health plans, an integrated technology experience, and provides health systems economic rewards for practicing efficient, high-quality healthcare.
Bright Health partners with health systems and care partners to provide health plans and a connected healthcare experience to support relationships between consumers and care providers.
Bright Health was founded in Nov 2015 by Kyle Rolfing, Robert J. Sheehy & Tom Valdivia. The company is headquartered in Minneapolis, Minnesota with additional offices in Englewood, Colorado; Austin, TX; Phoenix, AZ, New York, NY; and Birmingham, Alabama.
Bright Health provides its health insurance plans directly to consumers via broker partners, and through public and private health insurance exchanges.
Bright Health is reshaping how people and physicians achieve better health through its exclusive partnerships with health systems and health insurance plans.
Bright Health works with “narrow networks” to suppress the cost of healthcare for those enrolled in their program. The company also has three technology components: a user interface, a data analytics module, and a platform that works with electronic medical records and telemedicine companies.
Bright Health is backed by leading investors including NEA, Bessemer Venture Partners, Meritech Capital Partners, Greycroft, Redpoint and others others. The company raised a whooping $635M in a Series D financing on Dec 17, 2019. This new round brings Bright Health's total funding to $1.075B to date.
Bright Health is reported to be valued at over $1B in it's Series D round on Dec 17, 2019. The company was previously valued at $950M from the Series C on Nov 29, 2018. Bright Health has also acquired Spyder Trap on Jul 20, 2017 for an undisclosed amount.
Bright Health gained recognition of its health plan with a prestigious URAC accreditation that is recognized in all 50 states and the District of Columbia.