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.

Simplify's Take

What believers are saying

• Morgan Health's $30M investment in March 2026 accelerates employer network expansion.
• ASCs capture 40-60% lower reimbursement rates, aligning with Lantern's surgery focus.
• Value-based oncology bundling expands multi-service platform adoption by self-funded plans.

What critics are saying

• CMS July 2026 infusion mandate prioritizes government pay over Lantern contracts.
• Castlight Health erodes 50% of Lantern's self-funded plan market share by 2028.
• DOJ antitrust probe dismantles Lantern's exclusive provider deals by mid-2027.

What makes Lantern Care unique

• Lantern curates exclusive Network of Excellence with 3,000 surgeons and 1,500 facilities.
• Dedicated Care Advocates guide members through surgery, cancer, and infusion journeys.
• Local access model boosts utilization five to eight times over travel-based COEs.

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Funding

Total Funding

$123M

Above

Industry Average

Funded Over

3 Rounds

Notable Investors:

Insight Partners

Notable Investors:

Insight Partners

$30,000,000

Growth Equity VC

Mar 2026

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