Cigna to fund digital health startups through $250M venture

Listen
Text
  • Small
  • Medium
  • Large

Cigna launched a venture to fund startups offering analytics, digital health and care management services, the company said Sept. 12.

Cigna allocated $250 million to the initiative, called Cigna Ventures. The health insurer said it created the fund to identify and help develop early-stage ideas requiring pilots and tests.

Tom Richards, senior vice president and global lead of strategy and business development at Cigna, said, "The venture fund will enable us to drive innovation beyond our existing core business operations, and incubate new ideas, opportunities and relationships that have the potential for long-term business growth and to help our customers."

More articles on payers:
UnitedHealthcare CEO sells $7M in stock
Montana health insurer wins lawsuit over cost-sharing reduction payments
4,600 Arkansas residents lose Medicaid coverage under work requirements

Copyright © 2021 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars