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SCAN Group operates as a not-for-profit organization specializing in comprehensive Medicare Advantage plans. These plans integrate hospital, medical, and often prescription drug coverage, delivering an all-in-one alternative to Original Medicare. The company focuses on robust benefit packages that extend beyond traditional offerings, encompassing vital services such as dental, vision, hearing, fitness programs, and transportation to support the health and independence of older adults.
The organization's roots trace back to 1977, initiated by a collective of twelve seniors who envisioned a fundamentally different approach to elder care. This foundational insight centered on creating a people-first health plan that reinvested in member benefits rather than shareholder profits. This commitment to its mission has guided its evolution into one of the largest not-for-profit Medicare providers.
SCAN Group primarily serves older adults seeking integrated and supportive healthcare solutions. Its enduring vision is to continually improve and redefine healthcare for seniors, proactively addressing the complex needs of an aging population. The company aims to empower its members to lead healthy and independent lives through innovative benefits and a dedicated focus on overall well-being.
SCAN Group has 2 tracked investments across 2 companies. The latest tracked deal is $30.0M Series B in Abridge in October 2023.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Oct 1, 2023 | Abridge | $30.0M Series B | Spark Capital | Andreessen Horowitz, Ascension Ventures, Autism Impact Fund, CapitalG, Craft Ventures, CVS Health, Jenny Fielding, Scott Hartley, F Prime Capital, Mohamad Makhzoumi, American College OF Cardiology, Bessemer Venture Partners, Kaiser Permanente Ventures, Lifepoint Health, John Halamka, Scott Joslyn |
| Jan 10, 2023 | Monogram Health | $375.0M Other Equity | Cigna Ventures, CVS Health Ventures, Bill Frist, Heritage Group, Humana, Memorial Hermann Health System, Norwest Venture Partners, Pura Vida Investments, Scan Group, Kendall Garrison | — |