Endear Health raises $ 4 million for payer member experience platform for Medicare Advantage plans


What you should know:

Dear health, a San Francisco, CA-based digital engagement platform created for the rapidly evolving securities-based landscape, has successfully closed a $ 4 million initial funding round with oversubscription led by 8VC with the participation of GreatPoint Ventures and additional angel investors.

– Endear Health simultaneously announced the appointment of Dr. Robert Mirsky on his Advisory Board to provide guidance as Endear Health expands to additional health plans and provider groups across the country.

Enhance your Medicare experience with innovative engagement solutions

Through recent regulatory and legislative action, Medicare Advantage plans now have more flexibility to offer a number of additional benefits that were not previously covered. The plans offer these benefits, such as the provision of meals, transportation, home support services and more, through a combination of different platforms, which force the member to access and use the most applicable benefit at the time. appropriate. This fragmented profit structure generates confusion among members, low program involvement, and a high degree of cost and administrative burden.

Founded in 2021, Endear Health focuses on reducing the barriers that older people face as they navigate an increasingly digital world by developing innovative consumer-focused engagement solutions. With Endear Health, organizations can provide members with a comprehensive, intuitive platform, designed specifically for seniors, that integrates educational resources, basic benefits, and additional benefits into a single location. In addition, through a market of scalable integrations with third parties digital health vendors, Endear Health allows payers to quickly implement innovative programs efficiently.

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