Medical advantage insurer Zing Health has secured $140 million in funding to expand access to chronic special needs Medicare Advantage Plans.
The company’s latest funding round was backed by Health 2047 Capital Partners, First Trust Capital Partners, LLC, CRG, Newlight Partners, Health 2047 Leavitt Equity Partners and Town Hall Ventures. The just concluded funding round underscored investor confidence in Zing Health’s mission to simplify Medicare plans.
Zing Health will use the new capital to roll out a new integrated plan focusing on the chronic needs of more individuals and continue integrating its services with high-quality healthcare providers.
Led by Andrew Clifton, the company was co-founded in 2019 by Garfield Collins and Dr. Eric Whitaker, with the backing of Health 2047, to offer healthcare plans for populations underserved by traditional plans and help improve healthcare outcomes.
Zing Health Platform
The company’s platform provides individualized enrolment assistance and detailed information on health plans to help care seekers navigate Medicare options with ease. Through the platform, people can access managed care plans with supplemental benefits.
Individuals can also access advantage care plans via an extensive network of provider partners whose goals meet the beneficiary’s healthcare needs and anticipated outcomes. Since the start of 2023, the company has witnessed rapid growth, offering members personalized Chronic Special Needs Plans.
According to Andrew Clifton, CEO of Zing Health, the Medicare Advantage plans can enhance healthcare outcomes for seniors, the majority of whom are not covered by most traditional Medicare Advantage plans.
