Belong Health is a technology company.
Belong Health has raised $40.0M across 1 funding round.
Belong Health has raised $40.0M in total across 1 funding round.
Belong Health is a technology-enabled healthcare company that partners with regional health plans and hospital systems to launch or expand Medicare Advantage (MA) and Special Needs Plan (SNP) products, focusing on underserved and complex populations such as dual-eligible beneficiaries.[2][3][5][6] It builds a full-stack health plan operating platform that integrates AI, machine learning, behavioral science, and social services to deliver whole-person care, addressing needs like housing stability, food security, transportation, and crisis management while reducing administrative burdens and costs.[1][2][3][7] The company serves high-need Medicare-eligible members through concierge navigation, risk-ready networks, and tailored engagement, achieving strong growth momentum via partnerships like MVP Healthcare and innovations like AI tools that streamline care management and boost member involvement in care plans—such as 100% population participation in care plan creation.[1][7][8]
Belong Health officially launched in June 2021 with a Series Seed investment from Maverick Ventures, marking it as the first company built on the Healthcare Foundry platform—a venture designed to create technology-enabled healthcare organizations.[5][6] Co-founded and led by CEO J. Patrick Foley, a seasoned executive who previously served as President of Cigna's $1.5 billion Medicare Advantage and Special Needs business in the Mid-Atlantic, the company emerged from a vision to reimagine healthcare for seniors and special needs populations by partnering with regional payers.[5][6] Early traction stemmed from its "whole-person" care model, combining medical, behavioral, substance abuse, and social services with a clinician-focused tech platform, positioning local health plans as trusted community partners amid growing demand for accessible MA and SNP offerings.[5][6]
Belong Health stands out in the Medicare space through its collaborative, risk-sharing model and tech-driven approach:
Belong Health rides the surging Medicare Advantage wave, where enrollment has exploded due to expanded benefits and value-based care shifts, enabling regional plans to compete against national giants by targeting complex, high-need groups like dual-eligibles.[2][3][5] Timing aligns with post-pandemic emphasis on social determinants of health (SDOH), AI adoption in care management, and regulatory tailwinds for SNPs, amplified by market forces like rising healthcare costs and payer consolidation.[1][2] It influences the ecosystem by democratizing MA/SNP access for local players, fostering sustainable models through data interoperability and behavioral nudges that improve engagement and reduce utilization—positioning it as a key enabler for humane, tech-augmented care in fragmented U.S. healthcare.[3][6][8]
Belong Health is poised for accelerated expansion by deepening AI integration (e.g., as a "copilot" for prioritization) and scaling partnerships amid MA market growth projected to exceed 50% of Medicare lives.[1][2] Trends like GenAI for predictive risk, SDOH mandates, and hybrid virtual/in-person care will propel its platform, potentially evolving its influence toward national-scale impact via more risk-bearing entities and data-driven outcomes. As the pioneer in regional MA/SNP tech partnerships, it exemplifies how targeted innovation can transform complex care delivery for those who need it most.[5][6]
Belong Health has raised $40.0M in total across 1 funding round.
Belong Health's investors include Canaan Partners, Emergence Capital, Flare Capital Partners, Miramar Ventures, Blake Wu, Lily Huang, New Enterprise Associates, Okapi Venture Capital.
Belong Health has raised $40.0M across 1 funding round. Most recently, it raised $40.0M Series A in December 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Dec 1, 2021 | $40.0M Series A | Canaan Partners, Emergence Capital, Flare Capital Partners, Miramar Ventures, Blake Wu, Lily Huang, New Enterprise Associates, Okapi Venture Capital |