Category: Clover Health

  • Clover Therapeutics turns a new leaf as Character Bio to pursue dry AMD & more

    Dry age-related macular degeneration currently has no FDA-approved treatments but the research of Clover Therapeutics has yielded two candidates. The biotech startup has made progress in the past two years under CEO Cheng Zhang and it’s now revealing more details about its approach, a new corporate identity, and a Series A financing that puts it […]

  • Matthew’s health care tidbits: #DigitalHealth valuations

    Each week I’ve been adding a brief tidbits section to the THCB Reader, our weekly newsletter that summarizes the best of THCB that week (Sign up here!). Then I had the brainwave to add them to the blog. They’re short and usually not too sweet! –Matthew Holt For my health care tidbits this week, it’s […]

  • Devoted Health raises $1.1B, sending valuation soaring past $12B

    Though the Medicare Advantage-focused insurance technology startup is smaller than rivals like Clover Health in terms of membership and revenues, this latest financing round places it ahead of, or at least on par with, several larger competitors with regard to total funds raised.

  • Clover Health, MedArrive Team Up for In-Home Vaccination Effort

    As of Friday, nearly 55% of the U.S. population was fully vaccinated against the COVID-19 virus. Despite a strong start, that figure now puts the nation behind several other countries as far as vaccination rates. A big part of the issue with the modestly increasing vaccination rates in the U.S. is widespread skepticism, often fueled […]

  • Senior Helpers Names New COO; SCAN Group Hires First Chief Innovation Officer

    Baxter takes over as Senior Helpers’ COO Senior Helpers has promoted Mari Baxter to the role of chief operations officer. Baxter first joined Senior Helpers as a field operations manager in 2008, back when the home care franchise company only had 40 locations. As Senior Helpers grew, she took on more responsibility, eventually becoming VP […]

  • Clover Health Announces In-Home Primary Care Expansion, Becomes New Target for Reddit Traders

    Clover Health (Nasdaq: CLOV) announced Wednesday that it plans to scale its in-home primary care program, “Clover Home Care,” through the new direct-contracting model from the U.S. Centers for Medicare & Medicaid Services (CMS). The announcement came as Reddit’s investor community also targeted the health care company as its most recent cause. Headquartered in Nashville, […]

  • Smaller MA Plans Are Leveraging the Home to Get Ahead

    The Medicare Advantage (MA) market is controlled mostly by big payers, as the top 10 plans control over 75% of the market. Then there is a 50-foot cliff. Yet at the bottom of that cliff, there are the smaller MA payers who are often more willing to explore and innovate to stand out. Examples of […]

  • Clover halves membership projections for direct contracting

    When it planned to go public through a SPAC merger, insurance startup Clover Health told investors that it already had 200,000 direct contracting lives under contract for 2021. But in new guidance shared on Monday, the company now plans to end the year just 70,000 to 100,000 covered lives from direct contracting. 

  • Clover Health, Roundtrip to offer MA members non-emergency transport services

    The health insurance startup and transportation service company are joining forces to offer Medicare Advantage members access to non-emergency medical transportation. With transportation being a key social determinant of health, Clover Health and Roundtrip are aiming to improve member experience and outcomes through the partnership.

  • Short seller targets insurance startup Clover in scathing report

    After a scathing report from short-seller Hindenburg claiming that Clover faced a False Claims Act investigation, the insurance startup’s stock plummeted. Clover went public last month after merging with a special-purpose acquisition company under billionaire investor Chamath Palihapitiya.  

  • Beyond the Pandemic: 9 Overlooked Stories from 2020

    The ongoing COVID-19 pandemic dominated headlines in 2020 — and rightfully so. But there were plenty of other storylines that defined the year, including the launch of the Patient-Driven Groupings Model (PDGM), the conclusion of a hotly contested presidential election and the execution of multiple industry-shaping transactions. These are nine of the most overlooked stories […]

  • Medicare Advantage Startup Clover Health Slated to Go Public in a $3.7 Billion SPAC Deal

    Clover Health recently announced that it will go public through a merger with a special purpose acquisition company (SPAC), Social Capital Hedosophia Holdings Corp. III. “Going public will enhance our ability to execute on our mission of improving every life, providing significant capital for the company to scale and improve health outcomes for seniors across […]

  • Walmart to Offer Medicare Insurance Plans During 2020 Open Enrollment

    What You Should Know: – Walmart announced it will begin selling Medicare insurance plans during this year’s annual enrollment period, Oct. 15 through Dec. 7. Today, Walmart announced the launch of Walmart Insurance Services, LLC, a licensed insurance brokerage, which will assist people with enrolling in insurance plans—and simplify what’s historically been a cumbersome, confusing […]