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§ Private Profile · Huntington Beach, CA, USA
Culturally sensitive Medicare Advantage health plan serving diverse senior Medicare beneficiaries in Southern California.
Clever Care Health Plan Inc. is a Westminster, California-based healthcare organization that provides culturally sensitive Medicare Advantage health plans integrating traditional Western medicine and Eastern medical practices like herbal medicine. The company serves diverse senior populations, particularly Asian American communities across Southern California, by generating revenue through member enrollment with the Centers for Medicare and Medicaid Services. Operating with a focus on value-based care and alternative therapies, the provider has scaled its operations to serve over 11,000 members while recently achieving a 112 percent year-over-year growth rate in regional membership. The enterprise secured approximately $23 million in Series A funding backed by lead investors Norwest Venture Partners and Global Founders Capital to support its ongoing market expansion efforts. Clever Care Health Plan Inc. was founded in 2019 by Myong Lee, Dave Firdaus, and Hiep Pham.
Clever Care Health Plan Inc. has raised $139.0M across 4 funding rounds.
Clever Care Health Plan Inc. has raised $139.0M in total across 4 funding rounds.
Clever Care Health Plan Inc. is a Medicare Advantage provider based in Huntington Beach, California, offering culturally sensitive health plans that integrate Eastern and Western medicine for underserved communities, primarily in Southern California.[1][2][3] It serves over 22,000 members with affordable, in-language services focused on whole health, including preventive Eastern therapies alongside Western allopathic practices, addressing barriers like cultural silos and limited access.[1][6] The company has shown strong growth momentum, expanding 112% year-over-year as of early 2024, positioning it among the top 5 growing plans in its core counties, supported by partnerships with local providers, grocery stores, and wellness specialists.[1][3]
Founded in 2018 as a grassroots initiative by healthcare experts, Clever Care emphasizes health equity for Medicare beneficiaries from diverse cultural backgrounds, with reported revenue around $5.2 million and backing from prominent investors like GV (Google Ventures), Novo Holdings, and Norwest Venture Partners.[3][5]
Clever Care Health Plan Inc. was founded in 2018 by Myong Lee and Hiep Pham, seasoned healthcare professionals committed to bridging gaps in care for underserved populations.[1][3] The idea emerged from recognizing the need for Medicare Advantage plans that respect cultural values, languages, and holistic wellness traditions, particularly merging Eastern medicine's preventive approaches with Western innovations.[1][2] Launched in 2021, the company quickly gained traction through community-focused strategies, building partnerships like those with Allied Pacific IPA, Alpha Care Medical Group, and Accountable Health Care IPA in 2022.[3] Pivotal growth came during the 2023 Annual Enrollment Period, driving 112% membership increase to over 22,000, establishing it as a culturally unified ecosystem.[1]
Clever Care rides the trend of health equity and personalized Medicare Advantage plans amid rising demand for culturally competent care in diverse U.S. populations, particularly Asian-American communities in Southern California.[1][6] Timing aligns with Medicare's shift toward value-based, holistic models, fueled by aging demographics and post-pandemic emphasis on preventive wellness.[1][2] Market forces like expanding Medicare enrollment and investor interest in life sciences (e.g., GV's healthcare portfolio) favor its model, influencing the ecosystem by pioneering in-language, integrative plans that challenge generic offerings and promote collaborative provider networks.[1][5] While not purely a tech firm, its innovative platform for unified care ecosystems leverages data-driven customization, contributing to broader digital health equity trends.[2][4]
Clever Care is poised for continued expansion beyond Southern California, potentially scaling its culturally attuned model nationally as Medicare Advantage enrollment grows and health equity mandates strengthen.[1][3] Trends like AI-enhanced personalization and further East-West integrations will shape its path, bolstered by elite investors enabling tech upgrades for member engagement.[5] Its influence may evolve from regional disruptor to national benchmark for inclusive wellness, amplifying underserved voices in a fragmented market—reinforcing its core mission of accessible, holistic care from day one.[1][6]
Clever Care Health Plan Inc. has raised $139.0M in total across 4 funding rounds.
Clever Care Health Plan Inc.'s investors include GV, Define Ventures, AV8 Ventures, Brighton Health Partners, Figure Eight Investments, Health Velocity Capital, Norwest Venture Partners, PruVen Capital, Adam Scott, Windham Venture Partners, Founders Fund, Hans Tung.
Clever Care Health Plan Inc. has raised $139.0M across 4 funding rounds. Most recently, it raised $42.0M Series C in March 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 1, 2023 | $42M Series C | GV | Define Ventures, AV8 Ventures, Brighton Health Partners, Figure Eight Investments, Health Velocity Capital, Norwest Venture Partners, PruVen Capital, Adam Scott, Windham Venture Partners | Announced |
| Sep 1, 2021 | $71M Series B | Health Velocity Capital | Founders Fund, Norwest Venture Partners, Hans Tung, SciFi VC, Shunwei Capital, Halle Tecco, AV8 Ventures, Global Founders Capital, Norwest Venture Partners, PruVen Capital, Redesign Health, Windham Venture Partners | Announced |
| Apr 1, 2020 | $20M Series A | Casper DE Clercq | Founders Fund, Norwest Venture Partners, Hans Tung, SciFi VC, Shunwei Capital, Halle Tecco | Announced |
| Jun 1, 2019 | $6M Seed | — | Founders Fund, Norwest Venture Partners, Hans Tung, SciFi VC, Shunwei Capital, Halle Tecco | Announced |