San Francisco-based Hinge Well being, a digital musculoskeletal care platform, introduced it’s partnering with Cigna Healthcare to supply the medical health insurance firm’s self-insured purchasers entry to Hinge’s digital musculoskeletal (MSK) care platform.
Hinge provides people with MSK situations entry to a multidisciplinary care crew, together with well being coaches, orthopedic surgeons, and bodily therapists, in addition to digital instruments like surgical procedure resolution help.
The corporate additionally gives a pelvic well being program tailor-made for girls and its FDA-cleared wearable Enso, which delivers electrical pulses to assist alleviate on a regular basis ache.
Cigna’s members who select to enroll can have entry to Hinge Well being by means of Cigna’s condition-specific care program, Pathwell Bone & Joint Answer.
Hinge touts that it’s now an MSK supplier for the 5 largest nationwide well being plans within the U.S. by self-insured lives.
THE LARGER TREND
Hinge Well being filed for an IPO in March with the U.S. Securities and Change Fee (SEC) to go public below the image HNGE.
In its IPO submitting, the corporate stated it had greater than 50 companions as of the tip of 2024, with a majority of its purchasers contracted by means of giant nationwide or regional well being plans and different companions which are giant nationwide PBMs.
Hinge introduced its plans to go public in 2022, a 12 months after elevating $300 million in Collection D funding and $400 million in a Collection E spherical.
With the addition of the Collection E funding, the corporate was valued at $6.3 billion, greater than double the valuation it introduced with its Collection D spherical.
Hinge Well being has introduced quite a few partnerships throughout the final 12 months.
The corporate prolonged its partnership with digital care firm Teladoc in March.
Final 12 months, Hinge introduced partnerships with Amazon Well being Companies, ladies’s well being digital care specialist Midi Well being and worker and authorities advantages group Solar Life.
