Horizon Healthcare Services Inc. and Pager announce close of strategic round of financing
Pager Inc., the leading digital health company engaging patients and powering cost-effective care, raised a strategic round led by anchor partner Horizon Healthcare Services (Horizon), the leading health insurance carrier in New Jersey with more than 3.8 million members. The round includes existing venture investors Lux Capital, Goodwater Capital and New Enterprise Associates. New investor Vero Norte also participated, representing Grupo Sura, one of the largest health insurance companies in Latin America.
Founded in 2014 and based in New York, Pager provides large health plans and health systems with an innovative, mobile-first patient engagement and care navigation platform. Pager will use the new capital to expand its core engineering and product capabilities across its platform, to build out its artificial intelligence and machine learning team, and to scale in new and existing markets. Pager will also to launch innovative gap closure and care management capabilities in collaboration with its partners.
Concurrently with this capital raise, Pager officially launches in New Jersey in partnership with Horizon. Horizon has deployed Pager to an initial group of roughly 10,000 members for experiential testing and to gain operational insights with the expectation that it will be available to more commercial members in the coming months. Pager provides users with a single entry point into what many find to be a fragmented and confusing healthcare system. Through a simple and intuitive messaging interface with triage nurses, Pager guides members to the most convenient and cost-effective point of care, seamlessly connecting them with providers through video consults or scheduled appointments with primary care doctors and specialists.
“We are extremely proud to offer our platform to Horizon’s members in New Jersey,” said Walter Jin, Chairman and CEO of Pager. “This launch is the result of a collaborative effort with a truly innovative partner in Horizon. With additional capital raised, we can now accelerate our joint effort to deliver Horizon’s members a world-class experience, while expanding to new markets throughout the year.”
Doug Blackwell, Horizon Senior Vice-president and Chief Information Officer, said, “Pager is an important part of Horizon’s larger effort to deliver our members a suite of digital tools that make it easier to access affordable, quality care. Pager gives them a mobile tool that puts the power of real-time healthcare in the palm of their hand, 24-7.” Ed Lara, Vice President of Marketing and Product development, added, “Horizon is committed to giving our members the same kind of on-demand healthcare experience, defined by convenience and simplicity, that they now get when online shopping or arranging a ride.”
Source: Pager
