User:MaryGaulke/sandbox/Bright Health requests

Hi! Bright Health has hired me to request some updates to this article:

Lead

 * FYI, I updated the logo in the infobox.
 * It looks like, the COI editor flagged above, has only written one sentence of the current article:
 * G. Mike Mikan is the company's CEO, and Cathy Smith is the Chief Administration and Finance Officer.
 * I don't think this qualifies as a "major contributor" as described by . Additionally, much of the article content was removed following the addition of, and I'm not seeing any major WP:NPOV issues with the current version of the article. I'd appreciate any input on what further changes might be needed to merit the removal of these flags.

History

 * While we're on it, fleshing out the first ref in the above sentence and deleting the rest, since Cathy Smith's hiring is covered later in the same section with a better ref. I also added date context, and I think it makes sense to move this to the end of "History" accordingly:
 * In April 2020, G. Mike Mikan became the company's CEO.


 * After "...upon raising $81.5 million in venture capital in 2016.", add:
 * The company said it would focus on "consumer-centric" technology, facilitating patient experiences through digital interfaces.


 * Move, from the "Health insurance" section, to this section, before "It next began offering plans in the State of Arizona...".
 * Add after the above:
 * In September 2017, Forbes included Bright Health on a list of 25 "next billion-dollar startups". The company aligned with Mercy Health, the largest hospital system in Ohio, in July 2018 and partnered with Mount Sinai in New York to offer Medicare Advantage plans the next month. Bright Health closed a $200 million Series C financing round in November 2018, bringing the total raised to more than $440 million.


 * Add before "In January 2020,":
 * In 2019, Bright Health joined America's Health Insurance Plans, a trade association for health insurance companies, and expanded into parts of New York, Ohio, and Tennessee. It also raised an additional $635 million for expansion, bringing the total amount of funding to more than $1 billion. G. Mike Mikan, who formerly held leadership roles at UnitedHealth Group and Best Buy, joined as vice chairman and president in September 2019.  By December 2019, Bright Health was operating in 22 markets in 12 states.


 * Add after "...replacing Don Powers.":
 * That same month, the company announced it would acquire Brand New Day Health Plan, increasing its reach in the Medicare Advantage market. The acquisition also enabled Bright Health to begin offering services in California. Bright Health became Minnesota's first "unicorn" when it reached a valuation of $1 billion.


 * Add to end of section:
 * Bright Health raised $500 million in Series E funding in September 2020.


 * In early 2021 Bright Health announced record membership growth, providing coverage to more than 500,000 consumers. The company also announced another acquisition in California, Central Health Plan of California Inc., further growing the Medicare Advantage business.

Health insurance

 * Update
 * Bright Health works with “narrow networks” to suppress the cost of healthcare for those enrolled in their program.
 * to
 * Bright Health works with "narrow networks" of specific doctors and hospitals to suppress the cost of healthcare for those enrolled in their program and facilitate coordination of care.
 * Per the first source: "Bright Health tries to hold down costs while improving patient outcomes by working with health providers in 'narrow networks' ​that steer subscribers to certain doctors and hospitals in hopes of better care coordination." And per the second source: "The company works closely with regional health care systems in what are sometimes called 'narrow network' arrangements, where patients are limited to a subset of doctors and hospitals for in-network care. The idea is that health systems in such an arrangement are more accountable for the cost and quality of care."


 * Add after the previous sentence:
 * The company works in cooperation with major health systems in a market to design a network of services around those providers. Bright Health refers to these providers as "care partners"., it operates in more than 50 markets in 13 states and provides virtual and in-person care to more than 220,000 patients.