If you sit back and reflect for a second, you’ll see that much of your energy actually goes into finding solutions for one thing or the other. This dynamic is apparent within every imaginable area, and notably enough, each of these appearances demands a different treatment. Now, as you can guess, it’s not really feasible to keep up with such a burden, therefore humans have conceived many ideas over the years to fulfill the said obligation. Talking about our ideas, they all deserve recognition under some capacity. Having said that, though, none of them should get a shoutout bigger than the one we give to technology. As good as our other experiments have been, technology stands out rather comfortably because it brought a whole new dimension to the world’s fabric. The same was proven at length in all sorts of ways, and one among them was witnessed firsthand by our medical sector. Initially, any possibility that wedded healthcare with technology had to face an overwhelming amount of doubt. However, we came around eventually. The reward for doing so was a reinvented medical landscape. This new regime felt like a success right from the beginning, as it wasted no time in eliminating every obsolete or inconvenient method from the picture. It would further introduce a brand of healthcare that will have more patient-centric elements than whatever we had seen before. In fact, looking at Flume Health’s recent funding, we can only expect these elements to grow significantly in number and quality.
Flume Health, a third-party administrator health plan company, has officially secured over $30 million in Series A financing. Led by Optum Ventures, the round saw many other close participants in Cigna Ventures, Accomplice, Crosslink Capital, ERA’s Remarkable Ventures Fund, Founder Collective, Primary Venture Partners, and Route 66 Ventures. The market for health plan administration has expanded dramatically over the last few years, so once you put that alongside Flume’s ability to create personalized plans, the result is likely to exceed all your expectations. On a granular level, Flume and its day-to-day operations are dedicated to managing insurance-related tasks such as enrollment, claims processing, compliance, and payments on the behalf of self-insured employers. Furthermore, the company also enables you to target specific populations, therefore helping you address your objectives in a streamlined manner.
“We are excited to help people through plans that meet their unique needs and are tailored to their lifestyle,” said Cedric Kovacs-Johnson, CEO and founder of Flume Health. “Reaching our Series A milestone in just six months is a testament that our investors share our values and believe in Flume’s ability to help reinvent the shape and texture of health plans for American healthcare consumers.”
Flume isn’t just about working directly with the employers. Instead, it has also stepped in for care providers that are looking to build customized health plans. On one particular instance, the company created a health plan for Firefly Health in just six months. As far as the new funding is concerned, Flume plans to improve its health plan customization capabilities.
