Bright Health overview

Bright Health is a health insurance company.

They aim to provide users with comprehensive coverage, including drug prescriptions, optical treatment and dental health through cost-effective plans. Alongside their insurance plans, users can gain access to a health concierge in the event they need advice or guidance on any health related matters - this can range from booking appointments to self-diagnosis. Their plans also include a feature whereby users are rewarded with monetary benefits for ‘making positive health decisions’.

Since their creation in 2015, Bright Health have acquired digital experts Spyder in July 2017 for an undisclosed amount.

At the end of May 2019, Bright Health posted a final filing showing that they had made a profit of $15.3 million over the period. The company also revealed plans to triple its presence by entering 9 new markets, including the metropolitan areas of Ohio, Tennessee and New York, by the end of the year.

In December 2019 Bright Health announced they had raised $635m in Series D funding; the round was led by NEA. The investment means that Bright Health have now raised more than $1bn in funding since early 2016. The company is currently focused on expanding in Medicare Advantage markets.

Following the outbreak of global pandemic Covid-19, Bright Health began offering free Covid-19 tests and early prescription refills for its policy holders in March 2020.

Bright Health raised $500m in Series E funding in September. The funding will be used to accelerate the Company's growth and diversification of the business and geographies in which it operates.

In April 2021 Bright Health strengthened its position in the telehealth market with its acquisition of Zipnosis. Bright hope the move will lower costs and provide better access to care. The acquisition comes just days after it was revealed Bright Health plans to raise up to $1bn in an IPO, due in Q2.

Map showing the location of Bright Health

Minneapolis, United States

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Key people

Jonathan Porter Chief Product Officer
Tom Valdivia Chief Medical Officer
Kyle Rolfing President
Faivish Pewzner Board Member
Patrick Mobley Managing Director
Robert J. Sheehy CEO
Rachel Winokur Chief Business Officer
Mohamad Makhazoumi Board Member
Adair Newhall Board Member
Stephen Kraus Board Member
G. Mike Mikan President and C
Bill Geary Board Member
Erin Newkirk Chief Marketing Officer
Ian Sigalow Investor
Elliot Geidt Investor
Brian Gambs Chief Technology Officer
Andrew Wyhinny Senior Director, Medicare
Simeon Schindelman Chief Executive Officer, Bright Health Plan