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Corporation
FINANCE | Insurance / Health Insurance
aetna.com

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Investments

47

Portfolio Exits

22

Partners & Customers

10

Service Providers

2

About Aetna

Aetna is a diversified healthcare benefits company.

Aetna Headquarter Location

151 Farmington Avenue

Hartford, Connecticut, 0615,

United States

800-872-3862

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Expert Collections containing Aetna

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Aetna in 2 Expert Collections, including Pharma Supply Chain.

P

Pharma Supply Chain

19 items

H

Health Plans & Benefits Management

717 items

Companies developing or offering digital platforms and services, including online insurance marketplaces, data analytics for claims adjustment, benefits administration, and payments systems, that help make private health insurance more affordable, navigable, or transparent.

Research containing Aetna

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Aetna in 3 CB Insights research briefs, most recently on Mar 9, 2022.

Latest Aetna News

3 Ways Health Plans Can Improve Sleep Health for their Members

Jun 20, 2022

Dr. Melissa Lim, Chief Medical Officer at Somnology Getting a good night’s sleep should have nothing to do with having a great health plan — but it often does. While some individuals can improve their sleep by making small changes, many who suffer from serious, chronic sleep disorders need a higher level of care and ongoing treatments, and many health plans offer insufficient benefits. For example, Medicare covers sleep diagnostic tests under strict conditions, if patients are referred by a physician . Other health plans have denied coverage altogether, such as this story about a man who was falling asleep behind the wheel who sought coverage for sleep apnea illustrates. Furthermore, incentives for tracking sleep are few and far between. In 2022, it’s time to wake up to the realities of our sleep-deprived society. An estimated 43% of the global workforce are not getting enough sleep. Up to 7% of adult men and 5% for adult women suffer from obstructive sleep apnea, and an estimated one-third of adults suffer from insomnia at some point in their lives, 10% persistently. These disorders are connected with a higher incidence of motor vehicle accidents , flare-ups of chronic diseases like diabetes and an increased risk of developing dementia . Why Health Plans Should Prioritize Sleep  Because sleep disorders tend to be chronic in nature, usually there isn’t a simple one-time “fix” — like taking a prescribed medication every day at the same time — that will cure someone. The same could be said of other conditions like diabetes. Healthy eating and exercise alone may not cure one’s diabetes, but most major health plans offer fitness and wellness incentives — including reduced monthly premiums for yoga classes or in-person/online weight-loss programs. Some health plans incorporate the use of third-party apps to encourage individuals to log in metrics, such as steps taken per day, and then offer rewards for active participation. A RAND Europe and Vitality Health study shows that these approaches can lead to improvements in activity levels by motivating individuals to maintain positive behaviors. Treating and preventing sleep disorders would not be merely a wellness perk — but rather a health imperative. Good quality sleep is just as important as fitness and nutrition in maintaining or improving overall individual health — especially for those with one or more chronic diseases. (And many athletes will tell you that sleep quality significantly impacts physical performance). Yet it’s practically unheard of for health plans to offer a 25% discount on a wearable watch or ring for the sole purpose of monitoring sleep. While some tech giants like Apple are partnering with payers like Aetna to incentivize use of fitness tracker apps ( Attain by Aetna ), sleep is not the primary focus of these programs. Moving Sleep to the Top of the Heap (of Priorities)  Although the process of improving sleep may be more difficult than sticking to an exercise routine, health plans that want to engage their members and boost sleep health should ensure they’re doing the following three things:  1. Spreading awareness. It’s possible many individuals with sleep disorders aren’t aware that they are suffering or that there are resources that can help them. That’s why health plans need to boost awareness of sleep disorders. Double up on Web content, such as blogs that offer tips for better sleep (e.g., shutting off screens, ensuring the bedroom is cool and dark, etc.). Also, they could make lists of sleep specialists covered by the plan easily accessible. 2. Encourage sleep tracking. Go beyond awareness-building by enabling patients to self-monitor their sleep health. For example: pairing rewards or incentives with the use of sleep trackers (or sleep logs) can motivate individuals to take stock of their health. For employers, implementing a corporate-wide sleep-apnea screening program for high-risk employees may be one way to directly engage individuals to monitor their sleep and be alerted to abnormalities. It should be noted here that too much tracking could make sleep problems, especially insomnia, worse, so while gaining insight into one’s sleep patterns using trackers is useful to most, a subset of hypervigilant people may do worse with tracking. This is another argument for professional, human interactions guiding the use healthcare tracking devices. 3. Adopt broader, more holistic sleep-health solutions. Some sleep solutions may be either inaccessible, insufficient, or both. The traditional, one-night sleep study at a sleep lab, or polysomnography, is the gold standard diagnostic test but is cumbersome, expensive, and artificial. Many individuals struggle to find the time to spend a night away from home. Wearable sleep trackers, while helpful for the monitoring sleep, fail to inform their users of the next steps, such as consulting with a doctor. Consider an alternative that marries these approaches, one that pairs the use of wearable sleep trackers with remote monitoring and telehealth. A growing number of enterprises are using this approach, enabling individuals to track sleep over several weeks, so biometric data is continuously transmitted to a remote sleep lab for analysis by a sleep specialist. After a detailed analysis, the patient can connect with the specialist over a virtual network for ongoing support. Going Forward By focusing more on helping their members sleep better, health plans will also see improved outcomes, cost savings and better member experience, which combine to offer downstream benefits, such as a boost in Star ratings or other quality metrics. As health plans continue to roll out fitness and wellness benefits to their members, they must also consider sleep health solutions that will inspire and incentivize members to engage. While rewarding wellness and exercise is a step in the right direction, health plans need to broaden their ideals of optimal health as they consider ways to reduce costs, improve outcomes and boost satisfaction. Dr. Melissa Lim, an internal medicine physician and sleep specialist, is the Chief Medical Officer of Somnology .

Aetna Investments

47 Investments

Aetna has made 47 investments. Their latest investment was in Vericare Management as part of their Series B - II on November 11, 2007.

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Aetna Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/6/2007

Series B - II

Vericare Management

$9.5M

Yes

1

6/11/2007

Series B

Healthline Media

$21M

Yes

2

4/10/2007

Series B

Premise

$6.3M

Yes

4/11/2001

Unattributed VC

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$99M

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0

8/17/1999

Corporate Minority

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10

Date

11/6/2007

6/11/2007

4/10/2007

4/11/2001

8/17/1999

Round

Series B - II

Series B

Series B

Unattributed VC

Corporate Minority

Company

Vericare Management

Healthline Media

Premise

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Amount

$9.5M

$21M

$6.3M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

2

0

10

Aetna Portfolio Exits

22 Portfolio Exits

Aetna has 22 portfolio exits. Their latest portfolio exit was PayFlex on April 05, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/5/2022

Acquired - II

1

3/24/2022

Divestiture

1

7/17/2019

Acquired

1

10/8/2018

Divestiture

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10

5/3/2018

Acquired - II

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10

Date

4/5/2022

3/24/2022

7/17/2019

10/8/2018

5/3/2018

Exit

Acquired - II

Divestiture

Acquired

Divestiture

Acquired - II

Companies

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Valuation

Acquirer

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Sources

1

1

1

10

10

Aetna Acquisitions

22 Acquisitions

Aetna acquired 22 companies. Their latest acquisition was Bupa - Thailand Division on July 25, 2017.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

7/25/2017

$99M

Acquired Unit

1

11/4/2014

Private Equity

$99M

$51M

Acquired

2

4/23/2014

Private Equity

$99M

Acquired

2

5/8/2013

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$99M

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10

10/24/2011

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$99M

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10

Date

7/25/2017

11/4/2014

4/23/2014

5/8/2013

10/24/2011

Investment Stage

Private Equity

Private Equity

Companies

Subscribe to see more

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$51M

Note

Acquired Unit

Acquired

Acquired

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Subscribe to see more

Sources

1

2

2

10

10

Aetna Partners & Customers

10 Partners and customers

Aetna has 10 strategic partners and customers. Aetna recently partnered with Grow Therapy on March 3, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

3/17/2022

Partner

United States

1

3/11/2022

Vendor

United States

08:44 ET Providence Treatment Expands In-network Accessibility with Aetna

PHILADELPHIA , March 11 , 2022 / PRNewswire / -- Providence Treatment recently executed an agreement with Aetna , who is an insurer of behavioral health and addiction resources , specifically for the employees at Thomas Jefferson Hospital System and other healthcare employers in the Greater Philadelphia area .

1

2/25/2022

Partner

United States

1

2/9/2022

Partner

United States

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10

10/28/2021

Client

United States

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10

Date

3/17/2022

3/11/2022

2/25/2022

2/9/2022

10/28/2021

Type

Partner

Vendor

Partner

Partner

Client

Business Partner

Country

United States

United States

United States

United States

United States

News Snippet

08:44 ET Providence Treatment Expands In-network Accessibility with Aetna

PHILADELPHIA , March 11 , 2022 / PRNewswire / -- Providence Treatment recently executed an agreement with Aetna , who is an insurer of behavioral health and addiction resources , specifically for the employees at Thomas Jefferson Hospital System and other healthcare employers in the Greater Philadelphia area .

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Sources

1

1

1

10

10

Aetna Service Providers

2 Service Providers

Aetna has 2 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Acq - P2P

Investment Bank

Financial Advisor

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Service Provider

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Associated Rounds

Acq - P2P

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Provider Type

Investment Bank

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Service Type

Financial Advisor

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Partnership data by VentureSource

Aetna Team

96 Team Members

Aetna has 96 team members, including current Chief Executive Officer, President, Barbara Hackman Franklin.

Name

Work History

Title

Status

Gerald Greenwald

Founder

Current

Barbara Hackman Franklin

Chief Executive Officer, President

Current

Joseph Newhouse

Chief Financial Officer

Current

Scott Walker CPA

Chief Financial Officer, Senior Vice President

Current

Joseph Zubretsky

Chief Financial Officer

Current

Name

Gerald Greenwald

Barbara Hackman Franklin

Joseph Newhouse

Scott Walker CPA

Joseph Zubretsky

Work History

Title

Founder

Chief Executive Officer, President

Chief Financial Officer

Chief Financial Officer, Senior Vice President

Chief Financial Officer

Status

Current

Current

Current

Current

Current

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