Lantern Care

Lantern Care

Specialty care platform with direct contracting

Overview

Lantern Care is a specialty care platform that helps self-funded employer health plans access high-quality, cost-effective care for complex needs. It builds a Network of Excellence by directly contracting top specialists and facilities, offering planned surgeries, cancer care, and infusion therapies with bundled payments. A dedicated care team guides members through diagnosis, scheduling, and follow-up, emphasizing local, accessible care that boosts utilization. Its goal is to reduce employer healthcare costs while improving patient outcomes by expanding access to specialty care through direct contracting and care navigation.

About Lantern Care

Simplify's Rating
Why Lantern Care is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Enterprise Software

Healthcare

Company Size

501-1,000

Company Stage

Growth Equity (Venture Capital)

Total Funding

$123M

Headquarters

Dallas, Texas

Founded

2010

People at Lantern Care

People at Lantern Care who can refer or advise you

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Simplify's Take

What believers are saying

  • Direct contracting drives reported savings above 50% versus typical employer health plan rates.
  • Marathon Health integration expands upstream referrals and strengthens Lantern's utilization funnel.
  • Morgan Health and Echo Health Ventures backed Lantern with a $30 million strategic investment.

What critics are saying

  • UnitedHealthcare and Optum can bundle specialty-care navigation into broader enterprise contracts.
  • Marathon Health controls referrals upstream and can divert shared employer demand.
  • Infusion expansion pits Lantern against entrenched oncology benefit managers and specialty pharmacy incumbents.

What makes Lantern Care unique

  • Lantern curates a direct-contracted Network of Excellence for surgery, cancer, and infusion care.
  • It reaches more than 1,000 employers and 12 million eligible members nationwide.
  • Care advocates coordinate navigation, scheduling, second opinions, and treatment follow-up end to end.

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Funding

Total Funding

$123M

Above

Industry Average

Funded Over

3 Rounds

Notable Investors:
Growth Equity VC funding comparison data is currently unavailable. We're working to provide this information soon!
Growth Equity VC Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Short & Long Term Disability

Life Insurance

Paid Vacation

Paid Parental Leave

401(k) Company Match

Hybrid Work Options

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

1%

2 year growth

1%
ChampionScott Partners
Jun 1st, 2022
Employer Direct Healthcare, LLC hires Jordan as Regional Vice President of Sales

Jordan joins Employer Direct Healthcare from Pareto Captive Services, where he served as Regional Vice President of Sales.

Lantern
Mar 15th, 2022
OneOncology, Inc. partners with Employer Direct Healthcare, LLC

Through this partnership, OneOncology will collaborate with Employer Direct Healthcare to revolutionize the delivery and reimbursement for cancer care, including improved community-based access to precision medicine, clinical trials, and emerging therapies such as CAR-T.

Lantern
Nov 18th, 2021
Employer Direct Healthcare Inc. partners with Accolade, Inc.

DALLAS, Texas, November 18, 2021 – Employer Direct Healthcare, a leader in healthcare solutions for self-funded employers, today announced their partnership with Accolade, a healthcare provider serving millions of people and their families.

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Lantern Care is Hiring for 32 Jobs on Simplify!

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