AllyAlign Health is a Medicare Advantage insurance company focused on serving residents of senior housing. The company is working to establish an integrated healthcare ecosystem within senior living communities to improve outcomes and the care experience for residents, community staff, physicians, and other caregivers. Its model centers on combining insurance and onsite care coordination in the senior housing setting. AllyAlign recently announced a new investment led by New Enterprise Associates. Participating investors include Oak HC/FT, Town Hall Ventures, and existing backers Heritage Group and Ziegler. The company is based in Richmond, VA. AllyAlign Health builds and administers Medicare Advantage special needs plans (I-SNPs, C-SNPs, D-SNPs) tailored to long-term care providers. Its proprietary technology platform streamlines and coordinates care across transitions and enables provider-sponsored managed care models. AAH assumes and manages full risk for aging patient populations while supplying infrastructure, clinical protocols and administrative services to make provider partners profitable under value-based care. The company says it launched its first health plan in 2016 and today manages plans in 17 states with more than 10,000 members. This financing will support expansion into assisted living, memory care and independent living facilities and bolster Medicare Advantage patient-centered care models. Total capital raised now exceeds $41 million. AllyAlign Health provides care management services that connect facilities and providers through care teams and technology to coordinate care for patients with chronic and complex medical conditions. The company uses a care management platform with mobile and web access to enable real-time, cross-boundary collaborative care and links patients to care teams and critical care-plan information. AllyAlign engages payers in quality-based contracts that reward alternative care delivery models for medically complex patients. Its goals are to improve patient outcomes, decrease costs, and improve the profitability of long-term care providers. The company aims to help the long-term care community become proactive with managed care payers and create new revenue streams needed for population health management. Will Saunders formed AllyAlign in 2013; the company emphasizes adapting long-term care providers to a changing managed care environment.

Total raised

$10M

Funding rounds

3

Latest round

Equity

Latest activity

Apr 2019