USA – Flume Health, a NYC-based Health-Plan-as-a-Service platform that simplifies the design and management of healthcare plans, raised $30m in Series A funding.
The round, which brought bringing total raise to $40m, was led by Optum Ventures with participation from new investor Crosslink Capital, Cigna Ventures and existing investors Route 66 Ventures, Accomplice, Founder Collective, Primary Venture Partners and ERA’s Remarkable Ventures Fund. Led by Cedric Kovacs-Johnson, CEO and founder, Flume is focused on powering digital-first health plans tailored to patients’ unique health needs and preferences. Through its digital platform for health plan administration, it 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. Managed and API-enabled, Flume operates as the fully-managed central nervous system for any health plan, allowing for unprecedented ease in novel plan building, point solution integration, and real-time member visibility.Challenger health plan Firefly Health adopted Flume OS to launch its new health plan, going from concept to fully operational within six months. Value-based advanced primary care practice Hue Health uses it to create custom health plans for self-funded employers. 04/03/2022
