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Founded Year

2011

Stage

Secondary Market | Alive

Total Raised

$1M

Valuation

$0000 

Last Raised

$92M | 1 yr ago

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

+297 points in the past 30 days

About Lantern

Lantern is a specialty care platform that operates within the healthcare sector, focusing on connecting individuals with medical specialists. The company offers services such as surgery care, cancer care, and infusion care, aimed at providing healthcare solutions that are affordable for organizations and their employees. Lantern primarily serves sectors that require specialty medical services, such as employers and their workforce. Lantern was formerly known as EmployerDirect Healthcare. It was founded in 2011 and is based in Dallas, Texas.

Headquarters Location

2100 Ross Avenue Suite 1900

Dallas, Texas, 75201,

United States

855-200-2099

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Lantern's Product Videos

Lantern's Products & Differentiators

    Surgery Plus

    Guided access to excellent care for the moments that matter most. Our dedicated care advocates guide members to our highly distributed network of individually selected, excellent surgeons, taking care of them at every step of the journey. By steering members within our network we reduce complication rates to sub 1% and lower plan costs by 50%, in turn allowing employers to waive the employee cost share, increasing the affordability of care and improving health equity.

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Expert Collections containing Lantern

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

Lantern is included in 3 Expert Collections, including HR Tech.

H

HR Tech

5,785 items

The HR tech collection includes software vendors that enable companies to develop, hire, manage, and pay their workforces. Focus areas include benefits, compensation, engagement, EORs & PEOs, HRIS & HRMS, learning & development, payroll, talent acquisition, and talent management.

U

Unicorns- Billion Dollar Startups

1,258 items

D

Digital Health

11,252 items

The digital health collection includes vendors developing software, platforms, sensor & robotic hardware, health data infrastructure, and tech-enabled services in healthcare. The list excludes pureplay pharma/biopharma, sequencing instruments, gene editing, and assistive tech.

Latest Lantern News

Lantern, Pelago partner to expand employer access to substance use disorder treatment

Jan 24, 2025

The partnership gives Lantern clients entry into customized substance use disorder treatment and telemedicine services. Photo: Luis Alvarez/Getty Images Speciality care platform Lantern announced a partnership with digital substance use management platform Pelago to provide Lantern's clients with access to personalized substance use disorder treatment. Starting next year, Lantern clients will gain access to Pelago’s substance use disorder (SUD) treatment via the company’s specialty care platform, which covers all substances and severities, such as treatment for tobacco, cannabis, alcohol and opioid use disorders. Pelago will also provide telemedicine services with in-person treatment alternatives. In a statement, Pelago explained that its approach is based on individual health, habits, genetics and goals, providing care for members wherever they are on the substance use spectrum. "This partnership between Pelago and Lantern marks a significant step forward in delivering comprehensive, high-quality care solutions for employers and their members," Pelago president Frank Jennings said in a statement. "By combining Pelago’s leadership in substance use management with Lantern’s Center of Excellence and specialty care expertise, we’re setting a new standard for addressing complex healthcare challenges with innovative and results-driven approaches. Together, we’re creating a more integrated and effective pathway to better health outcomes." Dickon Waterfield, president of Lantern said the company is focused on connecting workforces to the best specialty care and that substance use treatment is an area where too many people lack access to effective and cost-effective treatment. "Through Pelago, our clients will soon have access to tailored SUD programs, provided both in-person or via telehealth, that’s backed by science and proven to improve health outcomes. THE LARGER TREND Earlier this month, Lantern partnered with the Global Appropriateness Measures (GAM) physician consortium to incorporate their patented appropriateness measures into its Network of Excellence of leading surgeons and specialists across the country. In 2024, Lantern announced a surgery network partnership with the 32BJ Health Fund, which provides comprehensive benefits to the members and families of SEIU 32BJ. Members of 32BJ, now have access to Lantern’s network of high-quality surgeons and specialists at little to no cost to them beginning in January 2025. The 32BJ Health Fund is a self-insured, Taft-Hartley benefit fund that approaches health coverage differently than traditional health plans. By aggregating employer contributions from 5,000 employers, ranging from many small businesses to global real estate firms, the Health Fund uses these contributions to provide benefits to more than 200,000 people more cost effectively than what most employers offer on average. Last year, Pelago launched an inpatient Centers of Excellence network focused on increasing access to care, treatment completion and cost reduction. The company used its SUD-focused digital front door to identify members in need of a higher level of care. Pelago also secured $58 million in a Series C funding round , bringing its total raise to $151 million. Existing investor Atomico led the round, with participation from Y Combinator, Octopus Ventures and Kinnevik AB. New investors  Eight Roads and GreyMatter Capital also participated.

Lantern Frequently Asked Questions (FAQ)

  • When was Lantern founded?

    Lantern was founded in 2011.

  • Where is Lantern's headquarters?

    Lantern's headquarters is located at 2100 Ross Avenue, Dallas.

  • What is Lantern's latest funding round?

    Lantern's latest funding round is Secondary Market.

  • How much did Lantern raise?

    Lantern raised a total of $1M.

  • Who are the investors of Lantern?

    Investors of Lantern include Insight Partners, Serent Capital, Dundon Capital Partners and Texo Ventures.

  • Who are Lantern's competitors?

    Competitors of Lantern include Carrum Health and 3 more.

  • What products does Lantern offer?

    Lantern's products include Surgery Plus and 1 more.

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