Clover Health Leverages Hong Kong’s High Quality Technology Talent
“Hong Kong will become a technology center for Clover. This year’s goal is to build a 30+ technology team in Hong Kong. Our Engineering Vice President, David Zhu, is based in Hong Kong and responsible for developing and supporting international technology partnerships.”
Andrew Toy, CTO and President of Clover Health
A Fast-growing Medicare Advantage Company
Clover Health is a healthcare technology company with a deeply-rooted mission of helping its members live their healthiest lives. Clover uses its proprietary technology platform to collect, structure and analyze health and behavioral data to improve medical outcomes and lower costs for patients. As the only company whose business goals fully align with its members’ health needs, Clover works with members and their doctors to become a valued partner. This trust is built by proactively identifying at-risk individuals and teaming up with providers to accelerate care coordination and simultaneously improve health outcomes and reduce avoidable costs. Clover also uses its Machine Learning data models to help insurance companies, hospitals, and governments around the world manage chronic diseases more effectively and efficiently.
The company enables their physicians to focus on people instead of paperwork. They work closely with their members to help them reach their health goals and manage chronic conditions so they can live a healthier and more active life. Clover Health also provides customised support based on particular needs.
Grow with More Expertise
Clover has received over US$925M worth of funding across six funding rounds, backed by Greenoaks Capital, Sequoia Capital and GV, amongst others. While still working towards profitability, Clover secured another round of US$500M Series E funding in early 2019.
The company restructured its workforce in March 2019 with a focus on adding more individuals with healthcare insurance expertise to its team.
Hong Kong, and Asia Pacific
Clover set up its first international office in Hong Kong in 2018, to provide healthcare organizations across the Asia Pacific Region with the tools to better manage the health of their members. A key reason for choosing Hong Kong as the destination is the high quality technology talent here. In Hong Kong, Clover Health is currently developing a full function engineering and data science team to expand and build upon the company’s proprietary ML data models and modify them to each specific use case for the continuously growing client base. Their HK office is growing quickly, with a goal of growing to more than 30 people by mid-2020.
In the process of establishing an operation in Hong Kong, Clover worked closely with InvestHK’s team to glean specific market and industry information, as well as participate in networking opportunities with industry veterans and relevant service providers.
Fast Facts: Clover Health HK Limited
- Parent company name: Clover Health Investments, Corp. (founded in US in 2013)
- Nature of business: InsurTech and HealthTech
- Set up in Hong Kong in 2018