Devoted 2024 Latest Update Agent
Certification Correct 100%
Devoted Vision - ANSWER >60 net promoter score(NPS), while reducing costs by 20%,
Long term
5 Core Ingredients - ANSWER 1. Newer Medicare Advantage Plan
2. Devoted Tech Platform
3. Partnership with strong pcp's
4. Devoted Health Guides
5.Devoted Medical Group
Our Growth - ANSWER Todd and Ed Park launched Devoted in 2017 (our first
membership came in 2019).
We are currently the fastest growing Medicare Advantage plan in the country.Devoted
has 18,000 + members, as of May 2020.
We have raised over $300 million, and are financially stable.We are building for a rolling
20-year horizon; we are not in the business of building and selling.
Why we Start from Scratch - ANSWER Building from the ground up means that we have
not wasted time revising clunky systems or outdated tech.
When everyone builds the company together, there is no pre-existing corporate culture
that needs to be changed.
Devoted Tech Platform - ANSWER Our results: Faster claims processing - we pay
specialists within 5 business days, 90% of the time. Prior authorizations processing
within 72 hours. Credentialing process - less than 2 weeks to credential new providers.
Faster commission payments.
Partnerships with strong PcP's - ANSWER Partner with high-performing Pcp
Qualify for Devoted Health Plan - ANSWER -Must live in the plan's service area
✅Must be eligible for Part A and Enrolled in Part B
✅Must have a qualifying election period
🚫Cannot have ESRD (only for 2020 - in 2021 enrollment eligibility will not be impacted
by ESRD)
Devoted Core HMO - ANSWER This is a Medicare Advantage HMO plan with a $0
monthly premium.
It provides all Medicare benefits.
It includes competitive cost sharing and additional benefits.
Under this HMO, referrals are required* for some specialist visits and a PCP must be
selected.
Certification Correct 100%
Devoted Vision - ANSWER >60 net promoter score(NPS), while reducing costs by 20%,
Long term
5 Core Ingredients - ANSWER 1. Newer Medicare Advantage Plan
2. Devoted Tech Platform
3. Partnership with strong pcp's
4. Devoted Health Guides
5.Devoted Medical Group
Our Growth - ANSWER Todd and Ed Park launched Devoted in 2017 (our first
membership came in 2019).
We are currently the fastest growing Medicare Advantage plan in the country.Devoted
has 18,000 + members, as of May 2020.
We have raised over $300 million, and are financially stable.We are building for a rolling
20-year horizon; we are not in the business of building and selling.
Why we Start from Scratch - ANSWER Building from the ground up means that we have
not wasted time revising clunky systems or outdated tech.
When everyone builds the company together, there is no pre-existing corporate culture
that needs to be changed.
Devoted Tech Platform - ANSWER Our results: Faster claims processing - we pay
specialists within 5 business days, 90% of the time. Prior authorizations processing
within 72 hours. Credentialing process - less than 2 weeks to credential new providers.
Faster commission payments.
Partnerships with strong PcP's - ANSWER Partner with high-performing Pcp
Qualify for Devoted Health Plan - ANSWER -Must live in the plan's service area
✅Must be eligible for Part A and Enrolled in Part B
✅Must have a qualifying election period
🚫Cannot have ESRD (only for 2020 - in 2021 enrollment eligibility will not be impacted
by ESRD)
Devoted Core HMO - ANSWER This is a Medicare Advantage HMO plan with a $0
monthly premium.
It provides all Medicare benefits.
It includes competitive cost sharing and additional benefits.
Under this HMO, referrals are required* for some specialist visits and a PCP must be
selected.
