Health insurance marketplace and digital health company GoHealth has received a $50 million investment that will be used to strengthen the company's balance sheet and invest in new technologies.
The investment comes as the company looks to expand its flagship Encompass platform, which is used to purchase Medicare Advantage plans. The investment came from two unnamed partners, according to the Sept. 26 GoHealth news release.
"GoHealth is extending the role of the broker beyond traditional enrollment by driving continuous, high-quality engagement with beneficiaries and aligning incentives around retention," GoHealth CEO Vijay Kotte said. "We are going to market in unique ways, and by making health insurance more accessible and easier to understand, GoHealth has established itself as a top choice for insurance advice in the U.S. We look forward to building on our position for the benefit of all our valued stakeholders."