What is Devoted Health?
Medicare Advantage insurer and care platform for older Americans.
- Category
- Medicare Advantage healthcare
- Headquarters
- Waltham, MA
- Founded
- 2017
- Employees
- 2,500+ reported
- Total funding
- $2.6B+ disclosed
- Valuation
- $16.1B reported Jan 2026
What is Devoted Health?
Devoted Health is a medicare advantage healthcare company. Devoted announced more than 466,000 members across 29 states as of January 2026, up 121% year over year.
Devoted Health sells Medicare Advantage plans and combines insurance operations, member service, care navigation, pharmacy support, provider workflows, and technology for older Americans. Its public product surface includes Medicare Advantage HMO/PPO plans, Devoted Guides member service, Prescription drug benefits, Dental, vision, hearing benefits, Provider portal, and related services for Medicare-eligible seniors, providers, brokers, and care teams.
Devoted announced more than 466,000 members across 29 states as of January 2026, up 121% year over year. As of June 2026, the safest read is a late-stage private Medicare Advantage insurer with rapid enrollment growth and regulated healthcare execution risk. Revenue, usage, and customer numbers are described only where the company or public filings disclose them; otherwise this profile uses public scale signals rather than invented private figures.
What does Devoted Health offer?
Devoted Health offers Medicare Advantage HMO/PPO plans, Devoted Guides member service, Prescription drug benefits, Dental, vision, hearing benefits and adjacent workflow products.
- Medicare Advantage HMO/PPO plans· Health plans
- Devoted Guides member service· Member experience
- Prescription drug benefits· Benefits
- Dental, vision, hearing benefits· Benefits
- Provider portal· Provider operations
- Broker tools· Distribution
- Care navigation· Care delivery
How does Devoted Health make money?
Devoted earns Medicare Advantage economics through CMS capitation, plan premiums where applicable, and risk-adjusted plan operations while paying claims and care costs.
Devoted earns Medicare Advantage economics through CMS capitation, plan premiums where applicable, and risk-adjusted plan operations while paying claims and care costs. Public pricing signal: plan pricing varies by county and benefit design; many Medicare Advantage plans advertise $0 monthly premiums, but copays, drug tiers, and out-of-pocket maximums vary by plan. The important commercial driver is member growth, state expansion, broker/direct distribution, stars performance, risk adjustment, and medical-cost management.
Devoted Health's unit economics depend on CMS revenue per member, medical-loss ratio, benefit design, risk coding, plan quality, and service costs. For sellers, this means the strongest pitch ties to measurable savings, growth, compliance, reliability, or revenue enablement rather than generic productivity claims.
Who leads Devoted Health?
Devoted Health is led by Ed Park, with a leadership team spanning insurance operations, clinical quality, technology, growth, and member service.
- Ed ParkCo-founder & CEOCo-founder, since 2017Former athenahealth executive leading Devoted's integrated insurer-care model.
- Todd ParkCo-founder & Executive ChairmanCo-founder, since 2017Former U.S. CTO and athenahealth co-founder.
- Neil WagleChief Medical OfficerExecutive leaderClinical-quality and care-model leader.
- Pamela MorrisChief Operating OfficerExecutive leaderOperations leader for regulated healthcare scale.
How do you contact Devoted Health's leadership?
Devoted Health does not publish verified personal executive email addresses in its official materials. Use the public contact path below, or a verified relationship-based introduction, rather than presenting guessed personal addresses as verified.
devoted@crosscutstrategies.com (public press contact); personal format not verifiedSources:Devoted contactDevoted contact
How much funding has Devoted Health raised?
Devoted Health's capital history is $2.6B+ disclosed; latest status: $16.1B reported Jan 2026.
2017: Founding and early capital (Founded by Ed Park and Todd Park.) Oct 2018: Series B - about $300M (Andreessen Horowitz led a major growth round.) 2019: Series C - about $300M (Capital supported state and member expansion.) Oct 2021: Series D - about $1.15B; about $12.7B valuation (Large late-stage round for Medicare Advantage growth.) Dec 2023: Series E - $175M; about $12.9B valuation reported (Equity funding during a tougher MA cycle.) Jan 2026: Series F - $366M; $16.1B valuation reported (Announced with 466,000 members in 29 states.)
Devoted's financing has funded regulated plan expansion rather than pure software hiring. This profile treats undisclosed valuations, undisclosed round sizes, and public-company market values conservatively, using only public figures or clearly labeled capital-history views.
How did Devoted Health get here?
Devoted Health's path runs from founding through product expansion, major financing, and its current $16.1b reported jan 2026 status.
- 2017FoundedEd Park and Todd Park launch Devoted.
- 2018Series BAndreessen Horowitz leads a major round.
- 2021Series DDevoted raises about $1.15B.
- Dec 2023Series EDevoted raises $175M.
- Jan 2026466,000 membersCompany reports 121% YoY member growth.
- Jan 2026Series FCompany announces $366M in new equity.
Who are Devoted Health's competitors?
Devoted Health competes with category incumbents and newer specialists that attack the same buyer budget from different product angles.
Devoted Health — frequently asked questions
