AI-powered Medicare Advantage plan combining insurance and care coordination for seniors. 100K+ members, $1.8B raised, ~$3B valuation. Founded 2017 in Waltham, MA.
Devoted Health is a Medicare Advantage (MA) insurance plan that uses AI and a team of clinical staff to proactively manage health outcomes for seniors 65+. Unlike traditional insurers that react to illness, Devoted's Care Intelligence platform identifies high-risk members early and coordinates care across doctors, specialists, and hospitals to reduce expensive admissions and readmissions. The company competes with UnitedHealth Group, Humana, and CVS/Aetna in the fast-growing MA market, which has seen increasing regulatory support and enrollment growth. Devoted operates across multiple US states and has been recognized for strong HEDIS quality measures and member satisfaction scores. Investors include Andreesen Horowitz, Blackstone, General Catalyst, First Round Capital, and Sequoia Capital.