(Bloomberg) — Clover Health, an insurance startup using data science for preventative health care, has become Silicon Valley’s newest, and a rather reluctant, unicorn. Register Now Already have an account? Sign In Now
Clover Health, an insurtech start-up that analyses vast quantities of patient data to identify predictive trends, has achieved a $1.2bn valuation. The company is now working with the US government on its own healthcare initiative, called HealthCare.gov, which aims to make it easier for people and businesses in America to buy health insurance. By identifying gaps in patients' care, Clover's software can predict upcoming health issues and dispatch one of its nurses to gauge the need for treatment. Currently only operating in New Jersey, the start-up will use the funding to expand to three more states by October.