Bright Health combines insurance products with provider-aligned networks and digital care navigation to reduce cost and improve outcomes. The platform seeks to simplify member experience enrollment, claims, telehealth, and care coordination through tight alignment with provider systems. By building vertically integrated plans and investing in member engagement tech, Bright Health aims to control care pathways, improve utilization, and offer differentiated value in a competitive insurance market focused on affordability and care quality.
What Is Bright HealthCare and What Does It Do?
Bright Health, founded in 2015 by Bright Health co-founders (executive team), is a Minneapolis-based (United States) internet-first insurance platform offering Medicare, individual, and employer health plans combined with provider partnerships and care coordination services.
Bright Health employs 47 people (reported at Dec 31, 2022 data point indicating lean core) and focuses on aligning payers and providers to deliver simplified benefit experiences and outcomes-driven care.
How Much Funding Has Bright Health Raised?
1. Series E
- Amount Raised: $500M
- Date: September 2020
- Lead Investors: Tiger Global Management, Blackstone, New Enterprise Associates, Bessemer
- Motivation: Expand plan offerings, support member growth and provider partnerships.
2. Series D
- Amount Raised: $635M
- Date: December 2019
- Lead Investors: New Enterprise Associates, Bessemer, Cross Creek, Flare Capital Partners
- Motivation: Scale operations and broaden product suite.
3. Series C & earlier
- Amount Raised: $200M Series
- Date: 2016–2019
- Motivation: Build core insurance and platform capabilities.
Total Funding Raised: $1.58B
Current Valuation: $10.6B (as of Jun 2021)
Latest Funding Date: September 2020
Key Investors
1. Tiger Global Management
- Details: Growth investor backing rapid scale in insurance tech and healthcare.
- Investment Focus Areas: Digital health, insurtech.
- Notable Investments: Stripe, Datadog.
2. Blackstone
- Details: Global asset manager and strategic investor.
- Investment Focus Areas: Health services, insurance, asset acquisitions.
- Notable Investments: Diverse across healthcare & PE.
Where Is Bright HealthCare’s Headquarters?
Bright Health is headquartered in Minneapolis, United States, supporting partnerships with regional health systems and national distribution.
What’s Next for Bright HealthCare?
Bright Health will prioritize improving care coordination tech, expanding Medicare Advantage offerings, stabilizing plan performance, and developing provider-aligned verticals to reduce costs and improve patient outcomes.
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