Devoted Wellbeing would like to change the way the U.S. can take treatment of its senior citizens, and it has large options in its very first five many years to do just that.
The startup, which has been collecting a lot of excitement in the past calendar year, was started to provide private health insurance designs to U.S. seniors, a market that is increasing rapidly as Baby Boomers age.
Working with one particular pitch deck, Devoted Health and fitness managed to secure $300 million from investors in a funding round led by Andreessen Horowitz late very last calendar year, with a valuation of $1.8 billion — all ahead of it signed up a single shopper.
But the deck also outlined the company’s aggressive strategies for its initially five years. Devoted Overall health planned to signal up 5,000 associates for 2019 and grow that to 103,722 by 2023. It expects to make about $1.2 billion in revenue in 2023 whilst building a little web loss.
Here’s what else Devoted Wellness laid out in the pitch deck:
How the business, in section, strategies to make dollars by possessing its have medical group in addition to the insurance procedure
Its system to just take on the healthcare giants in Medicare Edge
Why it thinks it can produce improved margins than other Medicare Gain health insurers
How the firm can eclipse 100,000 associates
And additional about the company’s intense five-year prepare
BI Prime is publishing dozens of tales like this every single and each working day, chock total of unique articles and field assessment. Get started by looking at highlights from the Devoted Wellness pitch deck