Cigna, a global health insurance service company, will invest about $250 million in healthcare startups working in different areas.
The areas in which company is looking for investments are—analytics, digital health, retail, care management, and other value-based care areas.
Though this investment, Cigna is targeting nine business domains across its three major investment categories.
Investment in analytics will root out the challenges in risk assessment, healthcare network optimization, and improve patient care plan assessment.
Apart from it, the company is also looking for companies working in wellness, customer services and experiences, and therapeutic solutions.
Investment in care management will focus on care enablement, sites of care, and patient’s accessibility.
“Cigna’s commitment to improving the health, well-being, and sense of security of the people we serve is at the front and center of everything we do,” said Tom Richards, Senior vice president and Global lead for strategy and business development at Cigna.
“The venture fund will enable us to drive innovation beyond our existing core business operations, and incubate new ideas, opportunities, and relationships that have the potential for long-term business growth and to help our customers.” Tom Richards added.
Cigna’s major investments include series C funding for Omada Health, a digitally-supported therapeutics company, and others.