Public company, workplace, funding, and market signals
Updated Aug 5, 2026
Clover Health is a public, technology-enabled Medicare Advantage insurer focused on making healthcare more affordable and accessible for seniors. It combines wide-network PPO/HMO plans with physician-enablement software that uses patient data, clinical rules, machine learning and AI to support earlier identification and management of chronic conditions. Through Counterpart Health, the company commercializes this platform for external payors and providers.
Primary product
Clover Assistant (marketed externally as Counterpart Assistant): an AI-enabled physician-enablement platform that aggregates healthcare data and delivers workflow-integrated clinical insights. Clover also offers PPO and HMO Medicare Advantage plans.
Founded
2014
Headquarters
No physical headquarters; Clover states that it is remote-first. Its service-of-process agent is in Wilmington, Delaware.
Team size
700-750 employees (724 at December 31, 2025)
Work style
Remote
Industry
Hospitals and Health Care
Sub-industry
Medicare Advantage insurance and physician-enablement healthcare technology
Offices
Business model
Stage
Public company; post-IPO equity financing history. Venture-backed through Series E before its 2021 public-market transaction.
Total raised
$1.6B
Latest round
Post-IPO equity · Jan 2021
Latest amount
$400M
Post-IPO equity / SPAC transaction
Jan 2021 · Social Capital Hedosophia Holdings Corp. III
Jan 2019 · Greenoaks
Leadership
Chief Executive Officer and Board Member
Co-Founder and Executive Chairperson
Chief Financial Officer
Clover describes a globally distributed, remote-first culture emphasizing collaborative working norms, transparency, mission-driven healthcare work, empathy and supportive engineering teams. Onboarding includes customized 30/60/90-day plans and structured feedback cycles.
Work style
Remote
Compensation
Public careers materials indicate competitive base pay, equity opportunities, performance-based bonuses, an Employee Stock Purchase Plan and regular compensation reviews. Specific salary bands and sponsorship terms vary by role and were not consistently available.
Benefits
Pricing
For members, plan-specific Medicare Advantage premiums, copays, deductibles, prescription costs and out-of-pocket limits; many plans advertise $0 or low premiums. For provider enablement, Clover describes provider contracts with a flat fee for use of Clover Assistant, while Counterpart Health is commercialized as SaaS and technology-enabled services.
Differentiators
Estimated revenue
Approximately $1.9B-$2.0B annual revenue based on $1.924B reported FY2025 revenue
CMS appealed the federal court decision that led to recalculation of Clover’s largest Medicare Advantage contract from 3.5 to 4.5 stars. The rating affects expected 2027 quality-bonus payments and the appeal leaves the benefit subject to litigation.
SourceThe 2025 Form 10-K reported an $85.5 million net loss and approximately $2.3 billion accumulated deficit, although management reported improving operating performance and expected 2026 GAAP profitability.
SourceHealthcare Finance News · Jul 2026
CMS appealed the ruling that resulted in Clover’s largest MA contract being recalculated from 3.5 to 4.5 stars, potentially affecting about $120 million in 2027 payments.
Clover Health / GlobeNewswire · May 2026
Clover reported $749 million in Q1 2026 revenue, $27 million GAAP net income and 155,773 Medicare Advantage members, while reiterating its expectation of full-year 2026 GAAP profitability.
Clover Health · Feb 2026
Clover reported FY2025 revenue of approximately $1.9 billion, 113,803 average Medicare Advantage membership and guidance for $2.81-$2.92 billion revenue in 2026.
Counterpart Health / GlobeNewswire · Jan 2026
Counterpart reported more than 450% year-over-year growth in live third-party clinician customers and hundreds of clinicians using the platform across multiple states.
68 jobs at Clover Health
May 2017 · Greenoaks
May 2016 · Greenoaks
Dec 2015 · Sequoia Capital
Sep 2015
Sep 2015 · First Round Capital
Jul 2014 · GrapeArborVC
Divisional CEO, Medicare Advantage
Divisional CEO, Home Care
Divisional CEO, Value Based Care
CEO, Counterpart Health
Chief People Officer
Chief Compliance Officer
General Counsel
Founders
Kris Gale
Co-Founder
Investors
Technology
Customers
Competitors
Chelsea Clinton announced plans to step down from Clover Health’s board after eight years, according to contemporaneous company/news coverage.