Athenahealth Cofounders Launch Insurance Startup Aimed at Medicare Advantage Members

There’s a new insurance startup focused on Medicare Advantage members. Devoted Health recently closed a $62 million Series A round which, combined with a previous Seed round, adds up to $69 million to date. It plans to roll out Medicare Advantage plans in 2019, according to the company’s website.

Cofounders Ed Park and Todd Park cofounded athenahealth. Ed Park,  the CEO, is also a former CTO for athenahealth. Todd Park, executive chairman, also cofounded Castlight Health and served as U.S. CTO, according to its website. Other staff includes Bob Kocher, a Venrock partner who is serving as chief medical officer. Former U.S. Chief Data Scientist DJ Patil serves as chief data scientist with the business. Among the board members are former U.S. Senator and majority leader Bill Frist, Kathleen Sibelius, a former Secretary of Health and Human Services and Venrock Partner Bryan Roberts…

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