Clover Health secures $160M in Series C funding — 5 things to know

San Francisco-based startup Clover Health, a health insurance company that specializes in the Medicare-managed market, has secured $160 million in Series C venture funding, according to the San Francisco Business Times.

Advertisement

Here are five things to know:

1. This addition gives Clover Health nearly $300 million in venture funding.

2. The startup has outposts in California and New Jersey.

3. The startup, which previously raised $135 million in Series A and B rounds, said it will use the new funding to scale its technology and data science platforms and expand into new, undisclosed markets.

4. Other investors that participated in the round include:

  • Arena Ventures
  • First Round Capital
  • Sequoia Capital
  • Social Capital
  • Wildcat Ventures
  • AME Cloud Ventures
  • Casdin Capital
  • FLOODGATE
  • Nexus Ventures
  • Refractor Capital
  • Spark Capital

5. Clover Health CEO Vivek Garipalli started the company in 2012 with co-founder Kris Gale, former vice president of engineering at Yammer.

More articles on coding, billing & collections:
Legislation may facilitate higher HOPD reimbursement rates — 5 points
Hillary Clinton’s expanded Medicare program may raise costs for ACA consumers: 5 considerations
Medical organizations, legislators continue to starkly oppose Medicare B payment proposal — 6 things to know

At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.

Register to Attend Webinar

Is ambulatory care healthcare’s big margin engine? 4 leaders weigh in

Wednesday, July 29
1:00 PM - 2:00 PM CDT

Presenters: Joe Ganley, athenahealthJeffrey Flynn, CASC, Gramercy Surgery CenterBryan Tsao, Access Center, Loma Linda University HealthJason Zepeda, Northridge Hospital Medical Center, CommonSpirit HealthGreg DeConciliis, PA-C, CASC, Boston Out­Patient Surgical Suites

Advertisement

Next Up in ASC Coding, Billing & Collections

Advertisement

Comments are closed.