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Health insurance giant Cigna Corporation has invested $50 million in California-based Omada Health.
In addition to leading the fundraising round, Cigna will also grow its non-exclusive commercial partnership with Omada, adding the Omada Program to Cigna’s suite of health improvement services.
Joining the Cigna-led fundraising round were new investors Civilization Ventures and Sanofi Genzyme BioVentures.
As part of the expanded commercial collaboration, eligible Cigna-administered health plan customers may have no-cost access to Omada’s digital intensive behavioral counseling platform as a fully covered preventive benefit in the carrier’s health improvement program portfolio.
The Cigna-Omada initiative will incorporate Omada’s data-driven, evidence-based digital behavioral counseling program and be available to Cigna customers with prediabetes, as well as those at elevated risk of chronic conditions such as heart disease and hypertension.
"Cigna is one of the most forward-thinking health service companies in the United States," said Omada CEO Sean Duffy. "We love when our commercial partners invest, and Cigna’s lead on this fundraising round is further validation that Omada’s behavior change approach to chronic disease prevention is driving real results in the real world.
"We look forward to working with the Cigna leadership to deliver personalized, adaptable chronic disease prevention to their membership. As Omada expands further into the health plan and health system space, we are fortunate to be working with some of the most well-established and innovative companies in the healthcare industry."
Cigna’s chief medical officer Alan Muney, MD MHA, commented: "Cigna is a world leader in using behavior science to help customers change their habits, improve their health, and reduce their risk of chronic disease.
"Our work with Omada will further that expertise. This relationship is more than an investment or simple collaboration -- it’s an important step toward the future state of healthcare. Omada Health’s mission and ours are very closely aligned. That alignment will drive proven, outcomes-oriented performance."
Cigna Corporation, Health insurance, Omada Health, California, US