San Francisco-based Hinge Health, a digital musculoskeletal care platform, announced it is partnering with Cigna Healthcare to offer the health insurance company’s self-insured clients access to Hinge’s digital musculoskeletal (MSK) care platform.
Hinge offers individuals with MSK conditions access to a multidisciplinary care team, including health coaches, orthopedic surgeons, and physical therapists, as well as digital tools like surgery decision support.
The company also provides a pelvic health program tailored for women and its FDA-cleared wearable Enso, which delivers electrical pulses to help alleviate everyday pain.
Cigna’s members who choose to enroll will have access to Hinge Health through Cigna’s condition-specific care program, Pathwell Bone & Joint Solution.
Hinge touts that it is now an MSK provider for the five largest national health plans in the U.S. by self-insured lives.
THE LARGER TREND
Hinge Health filed for an IPO in March with the U.S. Securities and Exchange Commission (SEC) to go public under the symbol HNGE.
In its IPO filing, the company said it had more than 50 partners as of the end of 2024, with a majority of its clients contracted through large national or regional health plans and other partners that are large nationwide PBMs.
Hinge announced its plans to go public in 2022, a year after raising $300 million in Series D funding and $400 million in a Series E round.
With the addition of the Series E funding, the company was valued at $6.3 billion, more than double the valuation it announced with its Series D round.
Hinge Health has announced numerous partnerships within the last year.
The company extended its partnership with virtual care company Teladoc in March.
Last year, Hinge announced partnerships with Amazon Health Services, women’s health virtual care specialist Midi Health and employee and government benefits organization Sun Life.
