EasyHealth secured $135 million in series A funding to back its approach to battling the "information gap" on Medicare insurance recipients.
Five details:
1. Founded in 2020, EasyHealth is a Medicare marketplace that represents 30 percent to 40 percent of Medicare Advantage plans, according to TechCrunch.
2. After the Medicare recipient selects a plan, EasyHealth employs clinicians to make in-house visits to identify developing or chronic conditions. EasyHealth CEO David Duel told TechCrunch that traditional payers only catch conditions when it's too late — when they're unmanageable or put members in the hospital.
3. Mr. Duel calls the lapse in a member's current health condition and what an insurer is aware of an "information gap," which EasyHealth's approach aims to limit.
4. The startup is partnering with insurers, such as Bright Health, to achieve an 80 percent visit completion rate, compared to a 5 percent to 20 percent completion rates for in-home visits with other insurers.
5. To date, EasyHealth has helped 40,000 members find coverage, and conducted "a few thousand" follow-up visits to date, according to TechCrunch.