The company's latest growth push would put Bright in 22 markets across 13 states, including major metropolitan areas like Maricopa County in Arizona, Denver, Jacksonville, Tampa, Chicago, New York City and Cleveland.
The Department of Justice has weighed in on Oscar Health's side arguing that the antitrust concerns raised by the company in court should not be thrown out and backing Oscar's claims of "coercion" in the implementation of Florida Blue's exclusive broker policy.
Munck Wilson Mandala Partner Greg Howison shared his perspective on some of the legal ramifications around AI, IP, connected devices and the data they generate, in response to emailed questions.
Alan, which was founded in 2016, has raised more than $85 million in total. The startup said it has increased its insured base to 27,000 people and its revenue to $25 million in 2018
Last year, the New York-based company sued insurer Florida Blue, a licensee of the Blue Cross Blue Shield Association over its exclusive broker policy, which it claimed was anti-competitive and reduces customer choice.
The funding round was led by insurer Principal Life with participation from the venture arms of large carriers including AXA, MassMutual, Aflac, Transamerica and Wells Fargo.
The Medicare Advantage startup pitches itself as a "payvidor" as it goes against a host of competitors including Bright Health, Clover Health and Oscar Health.
At the Abarca Forward conference earlier this year, George Van Antwerp, managing director at Deloitte, discussed how social determinants of health and a personalized member experience can improve medication adherence and health outcomes.