How is Clover Health rated?

For 2021, Clover Health received the following Overall Star Rating from Medicare. Every year, Medicare evaluates plans based on a 5-star rating system. Medicare Star Ratings help you know how good a job our plan is doing.

Who is Clover Health backed by?

Google parent company invests in Medicare Advantage startup Clover Health. Clover Health plans to use its new investment funding to expand to serve as many as three more states by October.

Does Clover Health make money?

How Does Clover Health Make Money? While Clover could dabble in commercial insurance in the future, the company’s revenue is almost entirely derived from government-sponsored payments. Clover also makes commissions from reinsurance agreements (less than 1% of revenue in FY20).

Is Clover Health overvalued?

Unfortunately, the stock is now overvalued, and Clover’s underwhelming first-quarter results have left me concerned about its future, despite its potential. Therefore, it’s probably best to wait for a better entry point to invest in disruptive Clover Health.

How many employees does Clover Health have?

458
The company manages care for Medicare beneficiaries in 11 states and started trading publicly on January 8, 2021. Clover Health Investments, Corp….Clover Health.

Type Public
Number of employees 458 (2021)
Website cloverhealth.com

What does clover cover?

Your Clover Health plan also covers medical vision care, such as diabetic retinal exams, cataract surgeries, and other treatments that fall under your medical benefits. For more information, see your Evidence of Coverage or call Clover Member Services.

How long has Clover Health been in business?

The company was founded in 2014 by Kris Gale and Vivek Garipalli, and currently operates in New Jersey.In September 2015, Clover Health raised $100 million in equity and debt funding, led by First Round Capital.

Is Clover Health a tech company?

Clover is a healthcare technology company helping members live their healthiest lives with its Medicare Advantage plans.

Is Clover health undervalued?

Investors with patience and an appetite for risk may see Clover as an underpriced value play. With an aging population facing high medical costs, Medicare-focused health insurance is a growing business.