Bright Health

Affordable health insurance provider in California

Minneapolis, Minnesota, United States

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About Bright Health

Bright HealthCare offers affordable health insurance plans focused on simplicity for individuals, families, and Medicare Advantage members, now limited to California starting January 1, 2023. The company partners with a network of Care Partners, including doctors and hospitals, to provide high-quality care at competitive prices. Its plans are designed to be easy to understand, with low premiums and benefits that members will actually use. Bright HealthCare aims to enhance healthcare access and provide online resources for managing health insurance needs.

Minneapolis, MinnesotaHeadquarters
2015Year Founded
$1,675MTotal Funding
IPOCompany Stage
HealthcareIndustries
501-1,000Employees

Benefits

Compensation and retirement - Performance bonus, Stock Options, 401k plan, 401k matching, Commuter assistance plans
Health and wellness - Health insurance, Dental insurance, Vision insurance, Life insurance, Disability insurance, FSA (Flexible Spending Plan), EAP (Employee Assistance Program)
Vacation and time off - Unlimited time off, Paid holidays, Flexible working hours, Maternity benefits, Paternity benefits
Values and quality of life - Public Transportation, Bike parking, Employee groups and committees, Snacks and beverages

Risks

Limiting offerings to California may lead to significant market share and revenue loss.
Substantial financial losses raise concerns about Bright Health's financial stability.
Layoffs of 300 employees could impact operational efficiency and service quality.

Differentiation

Bright Health focuses on personalized care for aging and underserved populations.
The company partners with Care Partners for high-quality, competitive healthcare services.
Bright Health offers affordable, straightforward health plans with useful member resources.

Upsides

Rebranding to NeueHealth may open tech-focused partnership opportunities in Florida.
Sale of California Medicare Advantage business provides $600M for stabilization and growth.
Focus on California allows tailored healthcare solutions for a large, diverse population.