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.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
