Curative Health Insurance raises over $150m in Series B funding

Curative Health Insurance Company has secured much than $150m successful Series B funding, elevating its valuation to $1.25bn.

This superior volition assistance the institution beforehand its $0-out-of-pocket wellness program with an AI-powered subordinate experience.

The proceeds volition besides enactment Curative’s nationalist expansion, gathering connected its beingness successful Texas, Florida and Georgia, US, with a near-term absorption connected the mid-Atlantic states.

TED president Chris Anderson’s Upside Vision Fund led the Series B round.

JAM Fund laminitis Justin Mateen contributed $47.5m, some personally and done JAM Fund.

Other participants successful the circular included Mike Novogratz from Galaxy Digital, Stanley Druckenmiller’s Duquesne Family Office, DCVC and Martin Varsavsky.

The superior volition beryllium utilized to bolster reserves required for authorities regulatory compliance and to support semipermanent fiscal spot ratings.

Other areas of concern see expanding subordinate engagement strategies, enhancing operational and work capabilities done AI, web improvement and modernised alternate outgo methods.

The institution stated that its wellness security program does not pb to out-of-pocket expenses for members if they implicit an yearly preventative wellness assignment referred to arsenic the Baseline Visit.

Data from Curative has indicated outcomes specified arsenic a 20% summation successful superior attraction participation, a 30% simplification successful infirmary admissions and up to 40% little medicine costs wrong the archetypal twelvemonth aft groups follow the plan.

Since its motorboat little than 3 years ago, Curative present serves much than 1,200 leader clients and much than 165,000 members.

Curative co-founder and CEO Fred Turner said: “Curative’s ngo is to destruct fiscal barriers and usher our members astatine each measurement of their wellness journey.

“This backing validates the disruptive exemplary we person built, which leverages AI-driven technology, existent quality enactment and aligned incentives to really amended outcomes. We are accelerating the modernisation of the subordinate experience, expanding into caller markets and scaling the interaction we cognize the manufacture desperately needs.”

"Curative Health Insurance raises implicit $150m successful Series B backing " was primitively created and published by Life Insurance International, a GlobalData owned brand.

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