Touchstone Health is a Medicare Advantage insurer offering a diverse portfolio of plan options, including zero and low dollar co-pay plans with medical, pharmacy, dental and mental health benefits. The company serves over 17,000 members, primarily concentrated in the boroughs of New York City and in counties surrounding Syracuse and Binghamton. The recently closed financing will be used to increase membership and support territorial expansion within New York State. Management also plans to use the capital to enter other related businesses and to improve operations. The article frames the funding as growth and operational-capacity capital rather than for specific product development. Touchstone is positioned to scale its Medicare Advantage offerings in its existing New York markets.

Total raised

$28M

Funding rounds

1

Latest round

Equity

Latest activity

Oct 2010