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Bright Health Group
Affordable health insurance
- 501-1000 employees
- Healthcare
- B2B
- Insurance
- Normandale Lake, Bloomington, MN
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Company mission
To make healthcare right. Together.
-35% employee growth in 12 months
Our take
US healthcare has primarily been designed to cater to employers and large institutions, and has failed the consumer through unnecessary complexity, a lack of transparency, and skyrocketing costs. Bright Health Group was created to make healthcare simple, personal, and affordable.
The company offers a number of healthcare and health insurance services through its market-facing businesses, Bright HealthCare and NueuHealth. It focuses on leveraging high-quality local resources, combined with financing, to streamline and optimize the healthcare journey.
Bright Health Group went public in mid 2021, after a strong track record and winning impressive funding. It went on to achieve impressive post-IPO equity too, suggesting it would be a strong contender in an expanding insurtech market.
Despite this success, the company has had a rocky time more recently, reporting a net loss of $668.6 million in the fourth quarter of 2022, and having to employ a number of drastic measures in an attempt to stay afloat. Given this, the company's future remains hard to guess, and only time will tell whether it bounces back towards the successes of its past.
Steph
Company Specialist at Welcome to the Jungle
Company values
- Be brave - Challenge the status quo with curiosity, courage, and tenacity
- Be brilliant - Deliver predictable excellence with a learning mindset
- Be accountable - Live by your word, always
- Be inclusive - Value all voices and contributions to achieve big things
- Be collaborative - Fearlessly partner with all people
Funding (last 2 of 5 rounds)
Sep 2020
$500m
SERIES E
Dec 2019
$635m
SERIES D
Total funding: $1.6bn
This company has top investors
Leadership
G. Mike Mikan
(President and CEO)Former Chairman and CEO of Shot-Rock Capital, a Minneapolis-based private investment firm. Prior to this, they served as president of ESL Investments and was on the board of several companies, including Best Buy and AutoNation.