Centivo provides health insurance focused on making healthcare affordable and accessible. The company emphasizes primary care, offering free primary care services, no deductibles, and low, predictable copays to help keep its members healthier and reduce the need for hospital visits. Centivo generates revenue by charging employers for health plans provided to their employees, which leads to lower medical costs and increased usage of healthcare services. A key feature of Centivo's offering is its integrated virtual care service, allowing members to access care conveniently. The company is distinguished from competitors by its commitment to quality, curating providers based on strict price and quality standards, and has received recognition for its efforts to lower healthcare costs.

JPMorgan Chase & Co

Trinity Capital

Bessemer Venture Partners

Maverick Ventures

Ingleside Investors

Kenneth Goulet

F-Prime

Bain Capital Ventures

Rand Capital

Kevin Hill

Oxeon

Grand Central Tech

Define Ventures

Company Ventures

HarbourVest Partners

Alumni Ventures

B Capital Group

Cox Enterprises

MemorialCare Innovation Fund

Morgan Health

Cone Health Ventures

Financial Services

Healthcare

Centivo

(Reuters) - Healthcare firm Centivo on Tuesday said it has secured $75 million in equity and debt financing, backed by Cone Health Ventures and the largest U.S. bank JPMorgan Chase's division Morgan Health.

JPMorgan unit backs Centivo's $75 million equity and debt raise

Centivo has raised $75 million in equity and debt financing to enhance affordable healthcare for employers and employees. New investors include Cone Health Ventures and MemorialCare Innovation Fund, alongside existing ones like B Capital and Morgan Health. The funds will help Centivo expand its affordable health plans amid rising U.S. healthcare costs, which reached over $4.5 trillion in 2022. Centivo's solution includes advanced primary care and direct contracts with accountable care organizations.

Centivo Secures $75M to Improve Healthcare

InnovationRx is your weekly digest of healthcare news. To get it in your inbox, subscribe here.Claimable cofounders from L to R: Zach Veigeiles, Alicia Graham and Warris Bokhari. Beau Grealy for ClaimableI ndustry watchers predict generative AI could lead to an administrative battle of the bots between doctors and health insurers over care decisions. That leaves patients in limbo without access to medications or other treatment while institutions duke out prior authorization and denial letters by fax, phone or algorithm. Warris Bokhari is trying to change that by putting the power of AI in the hands of patients.Bokhari, a physician-executive who has worked at Amazon, Apple and Anthem (now Elevance Health), saw that large language models like GPT-4 could be useful to summarize information for patients at different reading levels. The idea behind Claimable, his startup that launched Wednesday, is to use these models to flip the script

Innovationrx: This Ai Startup Helps Patients Fight Insurance Denials

Centivo, a pioneering healthcare company dedicated to making high-quality healthcare more affordable for employers and their employees, today announce

Centivo Raises $75 Million to Fix America’s Broken Healthcare Model

Centivo, a startup that sells health insurance to employers, raised $75 million in fresh funds months after it bought a virtual primary...

Health plan startup Centivo raises $75M

BUFFALO, N.Y.--(BUSINESS WIRE)--Centivo, a pioneering healthcare company built to make quality healthcare more affordable for employers and their employees, today announced the acquisition of Eden Health, an employer-centered virtual-first medical provider, effective immediately. This strategic move enables Centivo to accelerate its plans to scale its primary care-centered health plans to more working families and employers nationwide. "We are witnessing primary care access problems unlike anything we’ve experienced in our lifetimes. Our system is plagued by chronic shortages in primary care access due to decades of under-investment and misaligned incentives,” said Ashok Subramanian, Founder and CEO of Centivo. “Our partnership with Eden Health – and its cutting-edge, technology-centered capabilities in primary care, mental health and urgent care – aligns seamlessly with Centivo’s mission to achieve radical affordability and enhanced patient access for American workers.”. Through this acquisition, Centivo now serves more than 160 employers ranging from Fortune 100 companies to small businesses, with market reach in all 50 U.S

Centivo Acquires Eden Health To Serve Escalating Demand For Affordable, High-Quality Primary Care

Centivo acquires virtual-first medical provider Eden Health to expand its reach with employers.

Centivo acquires virtual-first medical provider Eden Health to expand its reach with employers

BUFFALO, N.Y.--(BUSINESS WIRE)--Centivo, a new kind of healthcare company built to make quality healthcare more affordable for employers and their employees, today announced the appointment of seasoned healthcare leader, Ryan Moore, as Chief Revenue Officer (CRO). Moore will serve as a member of senior executive leadership, driving the strategy and execution of Centivo’s continued growth, with its primary care-centered health plan that drives sustainable improvements in healthcare access, utilization, and outcomes. “It’s obvious that there are major flaws and inefficiencies in our healthcare system, and it’s crucial that we address them by building solutions that enable affordable, accessible care for all working Americans. Expanding the highly capable team at Centivo supports our mission to redefine what employer-sponsored health insurance looks like,” said Ashok Subramanian, CEO and Founder of Centivo. “Ryan’s depth of experience and understanding in the healthcare space will be a valuable asset and I look forward to collaborating with him as we work to dismantle health inequity nationwide.”. Moore brings over two decades of healthcare experience to Centivo

Centivo Announces Ryan Moore As Chief Revenue Officer

Centivo announces Ryan Moore as Chief Revenue Officer.

Centivo Announces Ryan Moore as Chief Revenue Officer

Affordable health insurance with primary care focus

Centivo

Affordable health insurance with primary care focus

Centivo

Affordable health insurance with primary care focus

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