Beverly Hills-based EasyHealth, which operates a website known as JoinEasyHealth.com, announced Nov. 18 that it has raised $135 million to further develop and market its platform to analyze and improve Medicare patient care outcomes for its health plan customers.
Funding was co-led by London-based Anthemis Group and QED Investors of Alexandria, Va.
EasyHealth was founded last year by serial entrepreneur David Duel and health care and former insurance executive Aaron Schiff as a way to bring data analytics and artificial intelligence to the practice of evaluating care outcomes for Medicare patients. The technology helps identify potential chronic conditions and other patient health insights to enable plans and providers to personalize care and to reduce overall risk.
The company’s technology platform is then paired with agents who work with Medicare patients to improve their health outcomes.
“EasyHealth’s mission is to harness technology to deliver better health outcomes,” Duel said. “We use our position at the front door of Medicare to drive meaningful change for members, brokers and health plans.”Â
The goals, Duel said, are to improve member health outcomes and health plan retention.
EasyHealth started revenue operations shortly after its founding last spring, signing up health insurance carriers and applying its analytics platform to the carriers’ Medicare patient pools.
The company has not disclosed revenue. But according to an EasyHealth spokeswoman, revenue for this year is on track for the “low eight figures,” meaning in excess of $10 million.
Proceeds from EasyHealth’s recent fundraise will be used to further expand and scale the company’s operations, according to its announcement.
