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bee helper, a full-service insurtech company creating innovative retirement-in-place solutions for payers and insureds, has raised $12.8 million in Series B funding led by Trust Ventures, with additional support Silverton Partners, Northwest Common Future Ventures, shock engine, and Congress Avenue Ventures.
The new funding round comes on the heels of The Helper Bees’ significant growth in recent months. This included 3x revenue and 8x the size of the team in just over a year.
Helper Bees enables seniors looking to age independently at home to do so with the support of their insurance company. They simplify the insurance claims process and experience through advanced data analytics and technology-enabled services, resulting in significant cost savings for Long Term Care Insurance (LTCI) and Medicare Advantage (MA) operators. Through the second acquisition of the company, healthy alignment, The Helper Bees entered the Medicare Advantage market earlier this year, and MA plans are expanding their in-home offerings to create more meaningful retirement-in-place solutions for plan members.
according to a AARP study, 90% of older Americans would rather stay in their own home than move to a nursing home or assisted living facility. To meet this new need, The Helper Bees has brought together a network of home service providers onto a single delivery platform. Powered by healthAlign’s compliance technology, the network includes a broad range of in-place aging services from home remodeling to pest control, and includes thousands of quality providers across the U.S. that meet Medicare standards…
The full story is available on Benzinga.com
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