Former president of Cigna’s Medicare Advantage and special needs businesses in the mid-Atlantic region Patrick Foley launched Belong Health, a Medicare Advantage company with a specific focus on special needs populations. Belong Health, the first company dedicated to partnering with regional payers to deliver Medicare Advantage and Special Needs Plans, officially launched with a Series Seed investment from Maverick Ventures.
- First of its type: Belong Health, the first new business built on the Healthcare Foundry platform looks to dramatically expand the availability and improve the delivery of health care benefits to Medicare-eligible beneficiaries across the country, with a specific focus on special needs populations.
- Fruitful partnerships: Belong Health partners with regional health plans to bring a whole person model of care to patients who need it most, including medical, behavioral health, substance abuse, and social services coordination, along with a built-for-purpose technology platform designed to support the unique needs of clinicians, patients, and health plan teams serving these complex populations.
- Better health outcomes: “We have the opportunity today to completely reimagine how seniors and other Medicare-eligible individuals engage with and experience their health care,” said Mr. Foley. “I’m honored to be able to lead Belong Health and its partners in our mission to deliver more compassionate, simpler health insurance.”
- Compassionate experience: Belong Health delivers a more compassionate, straightforward insurance experience for Medicare-eligible members by partnering with regional health plans to help them launch or grow market-leading Medicare Advantage and Special Needs Plans. High-quality health care should be accessible to all, and local, regional health plans are best positioned to serve their communities as their trusted health insurance partners.
- A new partnered model: With the closed Series Seed investment from lead investor Maverick Ventures, Belong Health is well-positioned to launch its new partnered model. Along with the seed investment, Maverick Ventures Managing Director, Prateesh Maheshwari joins the Belong Health Board of Directors.” At Maverick, we’ve long admired the work Healthcare Foundry has been doing in building Built-for-Purpose companies, and we are thrilled to be a partner in this launch,” said Maheshwari.