Medicare agency Advise Health raises $100 million

Medicare agency Advise Insurance closed a $100 million funding round led by Oak HC/FT with participation from Adams Street Partners and Hamilton Lane.

Founded in 2018, the 50-plus team currently operates in 20 markets and plans to reach 100 markets across 40 states over the next two years, including in OrlandoTampa, El Paso and Austin. It focuses on serving seniors by helping them compare and select health insurance. It also manages and operates Bloom Insurance, a value-based Medicare enrollment platform with licensed agents in all 48 states.

“Amid this global pandemic, it is increasingly evident that the relationship with your primary care provider is paramount. Our team advocates for patients in helping them find the right Medicare plan with the ability to continue seeing their preferred doctor. We’re thrilled to have the support of Oak HC/FT, Adams Street Partners and Hamilton Lane. We appreciate their shared passion in helping more patients navigate hundreds of healthcare plans to design the right benefits to meet their needs.” – Sherman Rogers, CEO and founder of Advise Health Holdings.

“The Covid-19 pandemic spotlighted a number of healthcare necessities, including how we can better support seniors and Medicare patients. We need innovative solutions that make it easier and more convenient to find the right Medicare plan. With Advise, patients are able to confidently find the right health insurance plan that allows continued access to their primary care physician. We’re thrilled to back the Advise team at a time when healthcare decisions are more important than ever.” – Annie Lamont, co-founder and managing partner at Oak HC/FT.