Lantern
Founded Year
2011Stage
Secondary Market | AliveTotal Raised
$1MValuation
$0000Last Raised
$92M | 1 yr agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+329 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.
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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.
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.
Unicorns- Billion Dollar Startups
1,270 items
Digital Health
11,306 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
Apr 8, 2025
Former Accolade Executive brings scale and innovation to market leader April 08, 2025 08:00 ET Lantern DALLAS, April 08, 2025 (GLOBE NEWSWIRE) -- Lantern , the Specialty Care Platform connecting 6 million members with the best surgery, cancer and infusions care, has added Falko Buttler as Chief Technology Officer. Buttler brings more than two decades of health technology experience to the role, most recently leading the engineering teams at Accolade, PlushCare, and apree (formerly Castlight). “Specialty care represents 50% of an employer’s health spend, and it’s growing faster than any other category. We have a responsibility to help benefits leaders impact this spend, and doing that at scale requires technology and product capabilities that reduce friction for the employer, specialists and, most importantly, the consumer,” said John Zutter, CEO of Lantern. “There are few people with the experience in employer-sponsored health tech that Falko brings to our team. His deep expertise in scaling engineering organizations and passion for engineering innovation will drive our platform forward.” Lantern’s Specialty Care Platform enables thousands of different procedures across surgery, cancer and infusions for hundreds of employers, labor and public sector organizations. Its integration with health plans and other point solutions, like Hinge, Sword, Quantum and Pelago helps benefits leaders deliver a turnkey benefits stack that reduces cost in the fastest-growing category of specialty care. “I’ve dedicated my career to improving the healthcare experience through technology, but I’ve learned that great experiences in healthcare require more than just a better front door. Lantern’s focus on specialty care delivery allows me to leverage my deep experience in patient care, navigation and engagement to drive real impact in outcomes and cost containment,” said Buttler. The CTO announcement comes on the heels of Lantern making public its TrueRate™ savings methodology to encourage a transparent approach to healthcare pricing. TrueRate™ fixes the seven biggest flaws in traditional claims analysis so employers can see an apples-to-apples view of how much an episode of specialty care actually costs and the 55% or higher savings available through Lantern. About Lantern Lantern is the Specialty Care Platform that helps employers reduce trend in the highest growing area of spend – specialty care. Lantern’s Network of Excellence includes the top surgeons, infusion and cancer centers around the country and more than 80% of members receive care within 50 miles of home. Lantern pairs members with a dedicated care team, including Care Advocates and nurses, for the entirety of their care journey, helping them get back to good health, back to their families and back to work. That local access and personal support leads to higher utilization which results in an average 4% trend reduction for employers. Lantern is trusted by the nation’s largest employers to deliver care to more than 6 million members across the country. Learn more about us at lanterncare.com. Media Contact
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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