Key Highlights
- Zing Health raises $140 million in funding led by Health 2047 Capital Partners, CRG, and First Trust Capital Partners, LLC.
- Proceeds will expand Chronic Special Needs Plans (CSNP) for underserved Medicare beneficiaries.
- Zing Health co-founded by Dr. Eric Whitaker to address underserved senior populations with chronic conditions.
- Company has seen rapid growth with majority of members selecting tailored CSNP plans.
- Commitment to value-based care through integration of high-quality care providers and seamless member experience.
Source: Business Wire
Notable Quotes
- “Medicare Advantage is a superior program that can provide enhanced outcomes for seniors. However, the industry today does not do enough to tailor plans and member experience to individuals’ needs.” — Andrew Clifton, CEO at Zing Health
- “We are excited to continue to support the development of this powerful platform and its innovative and collaborative approach to managed care.” — Srdjan Vukovic, Partner at Newlight Partners
SoHC's Take
Zing Health’s latest funding round underscores the growing importance of tailored Medicare Advantage plans for seniors with chronic conditions. The company’s rapid growth, driven by its Chronic Special Needs Plans (CSNP), positions it as a leader in addressing the specific needs of an underserved population. With industry veterans like Andrew Clifton at the helm and strong backing from prominent investors, Zing Health is well-positioned to continue innovating in value-based care. Their approach not only enhances patient outcomes but also aligns with broader trends in healthcare aimed at personalizing treatment plans and optimizing resource allocation.
