Bright Health is always working to innovate healthcare systems and evolve as a company, and that sometimes lands us in the news. Stay connected to what we're doing across the country with press releases, news articles, and interviews.
(Minneapolis, MN) (May 1, 2020) – Today, Bright Health, a diversified consumer-focused healthcare company, announced it has closed on the acquisition of California-based Universal Care Inc. (d.b.a. Brand New Day) health plan. This transaction combines Brand New Day’s local expertise and specialized clinical programs with Bright Health’s nationally recognized leadership, next-generation technology and intelligence platform, and innovative personalized approach to healthcare.
(MINNEAPOLIS, MN) April 23, 2020 -- Bright Health’s Board of Directors announced today that current President G. Mike Mikan will become Chief Executive Officer and President, effective April 30th. Mikan takes over as CEO from Bob Sheehy, who has served in the role since the company’s founding in 2015. Sheehy will transition to serving as Executive Chairman of the Board and will continue to work closely with the Board of Directors and the senior management team.
Today, Bright Health announced an updated COVID-19 coverage policy that includes free diagnostic testing and early prescription refills. Under this policy, members whose care providers have ordered testing will have COVID-19 diagnostic tests covered as preventive care at no cost to them. In addition, Bright Health members who are concerned about accessing their prescriptions during the COVID-19 outbreak can have their next prescription refilled on an as-needed basis. Members should contact their pharmacist and ask them to request approval for early refills through the company's pharmacy help line.
Minnesota's biggest startup is only going to get bigger. Only 4 years old, Bright Health already has raised over $1 billion from investors, grown to 34 markets and reported revenue of $400 million in 2019. Minneapolis-based Bright is a health insurance company with 467 employees that offers Medicare Advantage plans for seniors and individual plans.
Today, Bright Health, a diversified consumer-focused healthcare company, announced it has signed an agreement to acquire California-based Universal Care (d.b.a. Brand New Day) health plan. The transaction will combine Brand New Day's local expertise and specialized clinical programs with Bright Health's nationally recognized leadership, next-generation technology and intelligence platform, and innovative personalized approach to healthcare. The transaction is subject to regulatory approval and expected to close in 2020.