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Spring Health was last valued at $2.5 billion during a 2023 Series D round. The AI-powered mental health startup matches patients with care providers, selling to both health plans and employers.
The company began selling health insurance plans in 2017 and Medicare Advantage plans in 2018, in reaction to the Affordable Healthcare Act. [37] Bright Health works with "narrow networks" of specific doctors and hospitals to suppress the cost of healthcare for those enrolled in their program and facilitate coordination of care.
Other portal applications are integrated into the existing healthcare provider's website. Still others are modules added onto an existing electronic medical record (EMR) system. What all of these services share is the ability of patients to interact with their medical information via the Internet.
Founded in 1797, Spring Grove is the nation's second-oldest psychiatric hospital, though until recently operated as a medical and surgical hospital as well. [2] Only the Eastern State Hospital which was founded in 1773 in Williamsburg, Virginia, is older.
Spring Health, led by cofounder and CEO April Koh, is now valued at $3.3 billion after raising a $100 million Series E round, I reported exclusively for Fortune this morning.
In July 2021 US Department of Justice announce another settlement with Prime Health Care and its CEO Prem Reddy concerning kickbacks, overcharging for medical implants, and billing for a non-eligible provider by using another provider's billing identity. Dr. Reddy paid $1,775,000; and Prime paid $33,725,000. [43]
WellCare began operations in 1985 in Tampa, Florida as a Medicaid provider for the State of Florida. [5] In 1992, Kiran Patel, a cardiologist and entrepreneur, purchased the company. [6] [7] In 2002, Patel sold it to a New York investment group led by George Soros and Todd Farha. [7] Also in 2002, Todd Farha joined the company as CEO. [8] [9]
Spring Harbor Hospital came into being in 1999 when Maine Medical Center purchased a for-profit psychiatric hospital, Jackson Brook Institute. [1] [2] In 2007, a donation from philanthropist Al Glickman created the Glickman Family Center for Child and Adolescent Psychiatry, [3] which helps to support programs for families at Spring Harbor.