David Duel, co-founder and CEO of Beverly Hills-based health technology company EasyHealth.
Beverly Hills-based EasyHealth, which operates a website known as JoinEasyHealth.com, announced on November 18 that it had raised $ 135 million to further develop and market its platform to analyze and improve Medicare patient care outcomes for its health plan clients.
Funding was co-led by Anthemis Group, based in London, and QED Investors of Alexandria, Virginia.
EasyHealth was founded last year by serial entrepreneur David Duel and former healthcare and insurance executive Aaron Schiff to integrate data analytics and artificial intelligence into the practice of Outcome of Care Assessment for Medicare Patients. Technology helps identify potential chronic disease and other patient health information to enable plans and providers to personalize care and reduce overall risk.
The company’s technology platform is then partnered with agents who work with Medicare patients to improve their health outcomes.
“EasyHealth’s mission is to harness technology for better health outcomes,” said Duel. “We are using our position at the front door of Medicare to drive meaningful change for members, brokers and health plans. ”
The goals, Duel said, are to improve limb health outcomes and health plan retention.
EasyHealth began generating revenue shortly after its inception last spring, signing health insurance companies and applying its analytics platform to companies’ Medicare patient pools.
The company did not disclose any revenue. But according to an EasyHealth spokesperson, this year’s earnings are on track to hit the “low eight figures,” which means more than $ 10 million.
The proceeds from EasyHealth’s recent fundraiser will be used to expand and further develop the company’s operations, according to its announcement.
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