Endear Health Announces $8M in New Funding From Optum Ventures, Blue Cross of Idaho, 8VC and Additional Strategic Partners

Endear Health is focused on reducing the hurdles older adults face while navigating an increasingly digital world through the development of innovative consumer-centric engagement solutions

MIAMI, FL / ACCESSWIRE / August 9, 2023 / Endear Health, a digital engagement platform built for the rapidly evolving value-based landscape, announced it has successfully closed an $8M funding round from new and current investors including Optum Ventures, Blue Cross of Idaho, 8VC and additional strategic partners. The funds will be used to accelerate the development and expansion of Endear Health’s proprietary platform, which improves the way value-based care organizations deliver digital experiences to their members.

Endear Logo

According to recent studies, 61% of adults aged 65 and older own a smartphone, and 73% of them use the internet daily1. Endear Health recognizes the untapped potential of technology in improving the lives of older adults and aims to bridge the digital divide by offering user-friendly solutions that cater to their unique needs.

With Endear Health, organizations can offer members a personalized and intuitive digital platform, purposefully designed for seniors, which integrates educational resources, core benefits, and supplemental benefits into a single location. Additionally, through a marketplace of scalable integrations with third-party digital health vendors, Endear Health empowers payors to quickly deploy innovative programs in an efficient manner ultimately resulting in better member satisfaction and improved overall health outcomes.

“Blue Cross of Idaho remains at the forefront of closing gaps in care for Idahoans, and we are constantly seeking innovative, frictionless ways to improve the health and wellness of our members. We are excited to invest in Endear Health’s member-centric, digital solutions that connect seniors with plan benefits, programs, and even reminders for a check-up or screening.” Drew Hobby, Chief Revenue Officer for Blue Cross of Idaho

The latest funding round represents a significant milestone for Endear Health, reflecting the growing recognition of the company’s promising impact on the healthcare industry, particularly for older adults. With the new capital injection, Endear Health is well-positioned to scale its operations, expand its team, and continue innovating its platform to meet the evolving needs of Medicare Advantage plans and risk-bearing entities nationwide.

1 Faverio, Share of those 65 and older who are tech users has grown in the past decade (Pew Research Center)

About Endear Health
Endear Health, the first digital engagement platform built for the rapidly evolving value-based landscape, is on a mission to fundamentally improve the Medicare experience. Founded in 2021 and backed by Optum Ventures, 8VC and additional strategic partners, Endear Health is focused on reducing the hurdles older adults face while navigating an increasingly digital world through development of innovative consumer-centric engagement solutions. Endear Health believes that seniors who are accustomed to receiving assistance and care across nearly all facets of their daily lives should receive that same high level of support when it comes to how they access healthcare.

For more information, visit: endearhealth.com

Contact
press@endearhealth.com

Contact Information
Michael Chappelear
Co-founder, COO
press@endearhealth.com
‪(940) 277-7222‬

SOURCE: Endear Health

View source version on accesswire.com:
https://www.accesswire.com/773199/Endear-Health-Announces-8M-in-New-Funding-From-Optum-Ventures-Blue-Cross-of-Idaho-8VC-and-Additional-Strategic-Partners

Staff

Recent Posts

Saprea Recognizes 2024 Global Milestones in Supporting Child Sexual Abuse Survivors Through Healing Resources

Lehi, Utah--(Newsfile Corp. - December 23, 2024) - As Saprea reflects on the accomplishments of…

2 hours ago

THE STATE OF GLOBAL OPTIMISM REVEALED BY LG IN NEW SURVEY

Company Unveils the Biggest Topics of Global Optimism: Entertainment, AI and Healthcare. SEOUL, South Korea,…

2 hours ago

Daily Fit Notes Rolls Out Affordable Fitness Solutions for the Modern Lifestyle

Daily Fit Notes, founded by Justin Brey in New York, launches a text-based subscription fitness…

2 days ago

WillowWood Rebrand by DD.NYC Wins Gold Anthem Award for Product and Innovation in 2024 Rebrand

MT. STERLING, Ohio, Dec. 20, 2024 /PRNewswire/ -- WillowWood, a global leader in prosthetic solutions,…

2 days ago