Devoted Health

Devoted Health is a health care company. It launched its Medicare Advantage plans in 2019. Its aim is to help its members navigate the health care system with personal care guides to answer questions and make house calls when people need additional assistance, as well as utilise technology to enable a simplified experience, and partner with top providers for better health outcomes. It aims to eventually serve seniors nationwide.

Devoted Health is focused on the Medicare Advantage market, which offers coverage to around a third of Medicare beneficiaries. It offers healthcare services in the home and incorporated telemedicine and other technologies, as well as in the traditional payer model of partnering with medical professionals and hospitals. Initially providing care on January 1st 2019, Devoted began in Florida. By September of the same year, the company had already reached 3,000 members and hired a team of 350 employees across Florida and Massachusetts.

In October 2019, Devoted claimed it was the first Medicare Advantage plan to subsidise the Apple Watch as a benefit to customers. The $150 subsidy will be part of a fitness benefit for customers to apply to.

In October 2018 Devoted raised $300m in Series B funding, led by Andreessen Horowitz. The company stated it plans to use the funding to keep developing its technology and hire around 250 people over the next 3 years.

In October 2021 Devoted Health closed a $1.15 billion Series D round for nationwide expansion - with a further $80m expected at a later date. This takes the company's total funding to $1.99 billion to date. The company has seen a 128% increase in its H1 revenues compared to that of 2020.

Devoted was founded by brothers Todd and Ed Park. Both brothers were execs at Todd's previous company, Athenahealth, and Todd was also the US CTO for the Obama Administration.