Morgan Health, a division of JPMorganChase, is backing specialty care platform Lantern with a $30 million investment to expand its reach among employers and health plans.
Echo Health Ventures, which invests on behalf of Blue Cross Blue Shield-affiliated health plans, also participated in the funding round. Lantern said the investment will support continued growth across public and private employers.
Lantern’s platform connects patients to high-quality providers through its “Network of Excellence” model, focusing on high-cost areas such as surgery, cancer and infusions. The company said its approach can lower costs and improve outcomes, including savings of up to $20 per employee per month and negotiated rates up to 55% below average commercial reimbursement, according to a March 19 news release.
