Company Research Report: Sidecar Health
Company Overview
- Name: Sidecar Health
- Mission: To make healthcare more affordable and accessible for everyone by introducing a new kind of insurance that places members in control of their healthcare decisions.
- Founded: No information is available.
- Founders: Patrick Quigley and Veronica Osetinsky.
- Key People:
- Patrick Quigley - Chief Executive Officer & Co-Founder
- Veronica Osetinsky - Chief Operating Officer & Co-Founder
- Rodney Barlow - Chief Technology Officer
- Alex Coonce - Chief People Officer
- Kevin Knight - Chief Marketing Officer
- Douglas Lynch - Chief Actuary
- Chris Bussard - VP of Product
- Jason T. Delimitros - Market President
- Natalie Leino - General Counsel
- Emily Porter - VP of External Affairs
- Headquarters: 440 N Barranca Ave #7028, Covina, CA 91723
- Number of Employees: No information is available.
- Revenue: No information is available.
- Known for: Revolutionizing healthcare insurance by putting employees in control with upfront pricing, access to care without surprises, and promoting transparency in coverage and cost.
Products
1. Sidecar Health Major Medical Insurance Plan
- Description: Offers comprehensive major medical insurance.
- Key Features:
- Available anytime, anywhere, without network restrictions or referral requirements.
- No prior authorizations required.
- Access to prescriptions without formularies or refill restrictions.
- Members remain financially protected during unplanned medical events and emergencies.
- Transparent pricing ensures that members know the cost upfront and never pay more than their deductible unless they choose to.
Recent Developments
- New Products & Features:
- Launched new group employer plan in Ohio.
- Expanded offerings through innovative agreements such as the fixed-price care agreement with The Ohio State University Wexner Medical Center.
- Partnership with Mark Cuban Cost Plus Drug Company to improve access to affordable drugs.
- Collaboration with ProMedica to enhance healthcare access in Ohio.
- Funding and Partnerships:
- Secured $165M in Series D financing led by Koch Disruptive Technologies to expand their employer-facing insurance with price transparency.
- Seeking additional partnerships to broaden healthcare system collaborations.
- Recognition:
- Named to Forbes Best Startup Employers list, underlining their efforts to improve healthcare accessibility and affordability.
Conclusion
Sidecar Health continues to innovate within the health insurance industry by prioritizing transparency, affordability, and accessibility. Through strategic partnerships and product innovations, they are poised to redefine how individuals interact with and manage their healthcare coverage.
