US healthcare payers are using corporate venture funds to bulk up on data and analytics start-ups. The move points to a major industry shift as payers prepare to compete with nontraditional data-savvy challengers such as Amazon and Oscar Health. Recent deals include Optum’s investment in Mindstrong, as well as the joint Humana and Cigna investment in Omada.
Reynold Strossen is a partner with Bain’s Healthcare practice and Caitlin Dowling is a manager with the firm’s Healthcare practice. Reynold and Caitlin are based in Bain’s New York office.
Bain Insights dig deep into the complex challenges that healthcare companies—including hospitals, insurers and medtech firms—face in patient care.