Sidecar Health, an innovative health insurance company, has raised $165 million in Series D financing, spearheaded by Koch Disruptive Technologies and featuring contributions from various other investors including GreatPoint Ventures, BOND, Cathay Innovation, and others. The company’s unique approach to healthcare emphasizes price transparency, consumer control, and the elimination of traditional network restrictions. With its new funding, Sidecar Health plans to expand its employer offerings into Florida, following successful implementations in Ohio and Georgia. The firm’s revolutionary model includes no prior authorizations or referrals, the freedom to choose any licensed provider, and an instant direct-pay system. This investment represents the largest private contribution to employer health benefits this year and is poised to significantly affect the U.S. healthcare system, which is currently plagued by high costs and poor outcomes.
Healthcare, Finance, Technology,United States, Florida, Ohio, Georgia
https://www.cathaycapital.com/sidecar-health-selects-koch-disruptive-technologies-to-lead-165m-series-d-financing/