A group of former Obama White House officials and executives from health-technology company Athenahealth Inc. will begin selling private health insurance to U.S. senior citizens, backed by $360 million in venture capital funding.
The company, called Devoted Health, will sell Medicare Advantage plans in Florida and wants to expand its offerings nationally.
The company was founded last year by Chairman Todd Park and his brother, Ed Park, and is based in Waltham, Massachusetts.
Todd Park co-founded Athenahealth and later served as the chief technology officer of the United States for former President Barack Obama.
Ed Park was an executive officer at Athenahealth for more than 20 years. He started out as Athenahealth’s chief technology officer and later was the chief operating officer.
Devoted Health’s head of technology, DJ Patil, previously was the chief data scientist for the United States during the Obama administration. From 2008 through 2011, he was the head of data products and chief security officer at LinkedIn.
Devoted Health plans to offer seniors what it says is simpler and better-coordinated health care using technology the founders have built from scratch. Devoted Health will offer a 24-hour call center, home-visits and automated care pings that alert a senior’s family doctor when something goes wrong. The company has also built its own claims processing service.
Patil said that doctors who partner with Devoted Health will share in the cost savings from keeping patients healthy, and that underperforming doctors will be removed from the network.
Patil said that parents of a handful of employees are already signing up.