Brothers Turn Medicare Into $25 Billion AI-Driven Goldmine, Grandparents Not Included
KEY POINTS
- â˘Devoted Health was started in 2017 by brothers Ed and Todd Park, former healthcare executives based in Waltham, Massachusetts.
- â˘The startup uses AI technology called Orinoco to manage Medicare Advantage membersâ healthcare needs and has seen rapid member growth.
- â˘Currently valued at $25 billion after a huge funding jump in 2026, the companyâs investors include Andreessen Horowitz and General Catalyst.
Meet Devoted Health, a 2017 Waltham-based startup founded by brothers Ed and Todd Park, who somehow combined retiring executives with techies from Obama's office to create a Medicare Advantage powerhouse. This isnât your grandmaâs healthcare: their AI tool, Orinoco, coordinates elderly membersâ medical care with the precision of a drone but without the airborne crash risk. Valued at a whopping $25 billion after jumping from $16 billion earlier in 2026, they've amassed 466,000 membersâa 121% growth rate, because, why not? Investors like Andreessen Horowitz and Emerson Collective are throwing cash like itâs confetti, while company spokespeople expertly dodge commenting on capital raises. Meanwhile, actual Medicare participants are just trying to remember who Orinoco is.
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(1 of 3)When your healthcare startup jumps from $16B to $25B in months, maybe the real AI is convincing investors theyâre saving Medicare, not just spending it.
Devoted Health's secret to success: two ex-government brothers, a magic AI named Orinoco, and a Medicare membership that grows faster than anyoneâs patience.
âWe do not comment on capital raising,â said the startup while stacking billions like Monopoly money on the backs of aging Americans.
Source: Businessinsider | Published: 8/21/2026 | Author: Katie Roof
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