What You Should Know:
– Zing Health, a trailblazing Medicare Advantage insurer, has announced a successful $140M funding round. The round includes participation from Health 2047 Capital Partners, CRG, and First Trust Capital Partners, alongside existing investors Newlight Partners, Town Hall Ventures, Health 2047, and Leavitt Equity Partners.
– The investment will fuel the expansion of Zing Health’s integrated, chronic special needs-focused plans to reach more beneficiaries and enhance its member experience with top-quality care providers.
Addressing Healthcare Disparities
Co-founded in 2019 by Dr. Eric Whitaker and healthcare executive Garfield Collins, in collaboration with Health 2047 (the innovation lab of the American Medical Association), Zing Health aims to tackle the healthcare challenges faced by underserved populations. Despite a high prevalence of chronic conditions in seniors across the U.S., less than 2% of Medicare beneficiaries are enrolled in Chronic Special Needs Plans (CSNPs), highlighting a significant gap in care.
Zing Health’s Unique Approach
Zing Health stands out by offering Medicare Advantage plans tailored to the specific health needs of its members, focusing on chronic conditions. The company prioritizes engagement with doctors and specialists who share the goal of promoting member well-being, aligning with the core principles of value-based care.
Zing Health’s Community-Based Approach
Zing Health adopts a community-based model that addresses social determinants of health, fostering healthier individuals and communities. Each member receives personalized care that considers their specific health conditions and social needs. This approach is enabled by innovative product design, technology, and value-based care delivery, putting the physician and the member at the heart of the healthcare equation.
“Medicare Advantage is a superior program that can provide enhanced outcomes for seniors. However, the industry today does not do enough to tailor plans and member experience to individuals’ needs,” said Andrew Clifton, CEO of Zing Health. “Through the delivery of CSNP plans to underserved seniors, we are providing the appropriate benefits to improve health outcomes and leveraging technology to ensure members receive high quality, value-based care through a seamless member experience. We are grateful to have the support of our new and existing investors, whose commitment and trust underscore the excitement in and stability of the business.”