Zing Health to expand to 32 additional states and DC with planned acquisition of Lasso Healthcare
This approach aims to put more financial control in the hands of policyholders and provide an alternative to seniors that is akin to the growing popularity of High Deductible Health Plans (HDHP) alongside Health Savings Accounts (HSA). for employees. Lasso Healthcare also offers a hospital indemnity insurance product (HIP), which is an additional policy that reduces hospital costs for beneficiaries.
Improving Access to Medicare Advantage in Urban and Rural Communities
The planned acquisition expands Zing Health’s geographic footprint while providing a solution for Medicare-eligible seniors in rural areas who may have difficulty accessing a traditional provider network.
âZing Health was founded with the idea that current Medicare Advantage insurers have overlooked certain segments of the senior population. Likewise, Lasso Healthcare has developed AD products that benefit underserved rural populations, âsaid Zing Health Founder and CEO Dr. Eric E. Whitaker. “Lasso’s rural orientation is a perfect complement to Zing’s emphasis on the diverse populations of urban communities.”
âWe are delighted to be working with the innovative and seasoned leadership of Zing Health,â said Craig ritter, CEO of Lasso Healthcare. âTheir approach to developing high quality, member-centered Medicare Advantage insurance products mirrors ours. Our teams look forward to building a business with a national impact together.
The acquisition is subject to regulatory approval and is expected to close in the third quarter of 2021. Once the transaction is completed, almost all of Lasso Healthcare’s current employees are expected to join the Zing Health team and will continue to lead its local operations. , ensuring continuity for its AM members.
About Zing Health: Founded in 2019, Zing Health is a revolutionary technology insurance company that makes Medicare Advantage the best it can be for people 65 years of age and older or with long-term disability. Zing Health’s community-based approach addresses the social determinants of health to keep individuals and communities healthy while putting the doctor and the member at the center of the health care equation. This gives each member personalized care and service tailored to their particular needs. Members also receive personalized assistance to make their transition to Zing Health as easy as possible. They have the ability to customize their plans, access facilities designed to help them better meet their healthcare needs, and a dedicated care team. For more information on Zing Health, visit myzinghealth.com.
About Lasso Healthcare: Founded in 2018, Lasso Healthcare offers Medicare medical savings account plans to members of the healthcare industry across the United States. Members can then decide to spend, save or invest the funds. Lasso Healthcare’s coverage area includes 34 US states plus the District of Colombia. Company Website: lassohealthcare.com.
Purpose of the brand
SOURCE Zing Health