Company Research Report: Clover Health
Company Overview
- Name: Clover Health
- Mission: To improve every life by providing flexible, affordable, and high-quality healthcare options through Medicare Advantage plans.
- Founded by: No information is available.
- Founded Year: No information is available.
- Key People in the Company:
- Andrew Toy - Chief Executive Officer
- Rachel Fish - Chief People Officer
- Peter Kuipers - Chief Financial Officer
- Brady Priest - CEO of Home Care
- Jamie Reynoso - CEO of Medicare Advantage
- Wendy Richey - Chief Compliance Officer
- Theresa Safe - Senior Vice President, Business Enablement
- Karen Soares - General Counsel
- Aric Sharp - CEO of Value Based Care
- Conrad Wai - Chief Technology Officer
- Headquarters: P.O. Box 21164, Eagan, MN 55121 with operational offices also located in Nashville, Atlanta, Jersey City, and Hong Kong.
- Number of Employees: No information is available.
- Revenue: No information is available.
- What is the company known for: Clover Health is known for making healthcare affordable and accessible for seniors through Medicare Advantage and Original Medicare plans, leveraging technology through their Clover Assistant platform to enhance healthcare delivery.
Products
- Overview: Clover Health primarily offers Medicare Advantage plans aiming to provide high-quality care with more choices, greater flexibility, and better value.
- Detailed List:
- Medicare Advantage Plans:
- Offers $0 to low premiums and copays.
- Includes prescription drug coverage with a focus on reducing drug costs.
- Features over-the-counter allowances to help members save money.
- Incorporates a LiveHealthy Rewards Program promoting healthy living.
- Includes dental, vision, and hearing coverage along with annual allowances for dental care and eyewear.
- Facilitates telehealth appointments, offering easy access to doctors beyond traditional in-person visits.
- Broad and open provider networks enabling members to see doctors across a wide network with fewer constraints.
- Clover Assistant:
- A technology platform provided to Primary Care Physicians.
- Uses clinical rules, machine learning, and data sharing to provide personalized and proactive healthcare recommendations.
Recent Developments
- Recent Developments:
- Clover Health has expanded its Medicare Advantage footprint to new counties and states as of July 19, 2022.
- Clover Health launched the LiveHealthy Rewards Program on October 7, 2022.
- As of May 7, 2024, Clover Health authorized a $20 million share buyback program and slightly raised its full-year guidance.
- Clover Health has been selling its AI tool to payers and providers as of May 29, 2024.
- The company has focused on expanding management and strategic partnerships, as observed in various announcements between 2021 and 2023.
- New Products Launched: No specific new products mentioned.
- New Features Added to Existing Products: No specific new features mentioned.
- Any New Partnerships:
- Recent partnership with Cricket Health to address chronic kidney disease as of December 13, 2021.
- Collaboration with MedArrive to offer home COVID vaccinations to members as of September 16, 2021.
- Expanded grocery benefits for seniors by working with supermarkets and retailers, including Walmart, for online food delivery services.
Disclaimer
The information provided here outlines key aspects of Clover Health using existing data but may not cover all company details. For more accurate and detailed information, Clover Health’s official communications and reports should be referenced.
