Flume health insurance software#
Flume health insurance series#

At Flume Health, were doing things differently. Find jobs, benefits and insider info about Flume Health, a Healthtech, Insurance, Software company in New York. With the close of the round, the company has raised a total of $40m in funding. Healthcare/First Health Devoted Health (Medicare Advantage) EMI Health Flume Health Government Employees Health Association (GEHA). Status quo health insurance is failing both employers and employees, and most TPAs arent equipped to provide the change employers need. “We believe their health plan administration tool, built on a modern digital architecture, will enable companies to deliver individualized health plans and personalized healthcare at scale.” Optum Ventures principal Jon Sklaroff said, “Flume’s focus on simplifying health plan design and management is critical to helping create health plans that truly fit the lifestyle and needs of consumers. It claims to be a fully managed central nervous system for any health plan, which improves plan building, point solution integration and real-time member visibility. Your health plan is the best source to help you understand your covered services and providers. Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. Presbyterian accepts most major insurance plans, including all Presbyterian Health Plans.

Flume health insurance series#

Flume Healths latest funding round was a Series A for 30M on February 11, 2022. Flume's Relay platform is software designed specifically for health payers to connect various systems, vendors, and point solutions. The provider’s clearing house then sends the claim to Flume’s clearing house, who routes it into our system using rules that we’ve. Flume is bringing tech- and data-enabled proactive plan management and member engagement into one of healthcares most opaque legacy spaces: third-party (health plan) administration. Flume Health has raised 40.15M over 4 rounds. Flume Health builds tools to help payers efficiently exchange data.

The provider processes a claim for the visit using their Electronic Health Record system, and sends that claim to their clearing house. Through the digital platform for health plan administration, Flume can empower any established or emerging health insurer or care provider to launch health plans that are tailored to the unique needs of any patient population. First, the claim has to be created and sent to Flume Health.

Its health insurance operations platform works with incumbents, challenger health plans, and third-party administrators of all sizes to go to market faster and service their clients in a way that today’s consumers expect. Flume Health, a health-plan-as-a-service platform, has scored $30m in its Series A funding round, which was led by Optum Ventures.Ĭigna Ventures also joined the round as a first-time backer, with existing Flume Health investors Crosslink Capital, Route 66 Ventures, Accomplice, Founder Collective, Primary Venture Partners and ERA’s Remarkable Ventures Fund also joining the round.įlume is aimed at delivering digital-first health plans tailored to patientsâ€™ unique health needs and preferences. Flume Health is on a mission to make it easy to stand up and operate modern health plans.