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Illustration: Aïda Amer/Axios

Virginia-based AllyAlign Health, a Medicare Advantage insurance company focused on senior housing, just raised a nearly $300 million funding round led by New Enterprise Associates.

Why it matters: It's the latest example of investor interest in the Medicare population, and more specifically, in Medicare Advantage.

NEA officials said they were interested in targeting the quality of care coordination in senior living facilities using value-based care and tech-enabled tools seen in other care models.

  • "This is addressing a massive gap in care that the pandemic has exposed," Mohamad Makhzoumi, head of NEA's Global Healthcare Investing practice told Axios.

AllyAlign is still a relatively small company operating in 22 states with 24 Medicare Advantage Organizations and about 12,000 members.

  • The growth round included participation from Oak HC/FT, Town Hall Ventures, and existing investors Heritage Group and Ziegler.
  • Mark Price — formerly president of the Nevada region for Intermountain Healthcare, with previous senior leadership roles at DaVita, ChenMed, and Bain and Co. — was named CEO.

Go deeper

Sep 9, 2021 - Health

HCA isn't requiring COVID-19 vaccines

An HCA hospital in Denver. Photo: Matthew Staver/Bloomberg via Getty Images

HCA Healthcare is not yet mandating the COVID-19 vaccine for its doctors, nurses and other staff, CFO Bill Rutherford said during the Morgan Stanley health care conference Thursday.

Why it matters: HCA is one of the largest health systems in the country with 275,000 employees and 187 hospitals, many of which are in coronavirus hot spots. Health care trade groups have urged health care employers to mandate the vaccines due to the spread of the Delta variant.

19 mins ago - Health

Omicron hits American hospitals disproportionately hard

Expand chart
Data: Our World in Data; Chart: Will Chase/Axios

America is seeing more COVID hospitalizations than other wealthy countries during the Omicron surge, according to Our World in Data.

Why it matters: Vaccines keep the vast majority of COVID cases out of the hospital, but vaccination rates are also lower in the U.S. than these other countries.

Updated 1 hour ago - Politics & Policy

Omicron dashboard

Illustration: Brendan Lynch/Axios

  1. Health: The end of the Omicron wave is in sight — Transplants rebound from COVID lull.
  2. Vaccines: WHO: No evidence that healthy children, teens need boosters — Kids' COVID vaccination rates are particularly low in rural America.
  3. Politics: Biden to announce plan to distribute 400 million masks for free — Government website for free COVID tests launches early.
  4. World: WHO: COVID health emergency could end this year — Greece imposes vaccine mandate for people 60 and older.
  5. Variant tracker