Zing Well being Raises $140 Million to Increase Medicare Benefit Plans

Zing Well being Raises $140 Million to Increase Medicare Benefit Plans

Zing Health Raises $140 Million to Expand Medicare Advantage Plans for Underserved SeniorsZing Health Raises $140 Million to Expand Medicare Advantage Plans for Underserved Seniors

What it is advisable to know:

– Zing Well being, a pioneering Medicare Benefit insurer, introduced a profitable $140 million funding spherical. The spherical consists of participation from Well being 2047 Capital Companions, CRG, and First Belief Capital Companions, along with current buyers Newlight Companions, City Corridor Ventures, Well being 2047, and Leavitt Fairness Companions.

– The funding will gas the growth of Zing Well being’s built-in, power particular needs-focused plans to succeed in extra beneficiaries and enhance its members’ expertise with top-quality care suppliers.

Addressing well being inequalities

Co-founded in 2019 by Dr. Eric Whitaker and Well being Care Govt Garfield Collins, in partnership with Well being 2047 (the American Medical Affiliation’s innovation lab), Zing Well being goals to deal with the healthcare challenges of underserved populations. Regardless of a excessive prevalence of power situations amongst seniors within the U.S., lower than 2% of Medicare beneficiaries are enrolled in Continual Particular Wants Plans (CSNPs), highlighting a major hole in care.

Zing Well being's distinctive strategy

Zing Well being differentiates itself by providing Medicare Benefit plans tailor-made to the particular well being wants of its members, with a concentrate on power situations. The corporate prioritizes engagement with physicians and specialists who share the purpose of advancing member well-being, per the core rules of value-based care.

Zing Well being's community-based strategy

Zing Well being employs a community-based mannequin that addresses social determinants of well being and promotes more healthy people and communities. Every member receives personalised care that takes under consideration their particular well being situations and social wants. This strategy is enabled by modern product design, expertise, and value-based care supply, inserting the doctor and member on the heart of the healthcare equation.

“Medicare Benefit is a superior program that may ship improved outcomes for seniors. Nonetheless, the trade is just not doing sufficient to tailor plans and member experiences to the wants of people,” stated Andrew Clifton, CEO of Zing Well being. “By delivering CSNP plans to underserved seniors, we’re offering the proper advantages to enhance well being outcomes and leveraging expertise to make sure members obtain high-quality, value-based care by way of a seamless member expertise. We’re grateful for the help of our new and current buyers, whose dedication and confidence underscore the thrill and stability of the corporate.”

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