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March 04, 2022

Flume Health Raises $30M Series A To Redefine Health Plan Administration

NEW YORKMarch 4, 2022 /PRNewswire/ — Flume Health, a Health-Plan-as-a-Service platform that simplifies the design and management of healthcare plans, today announced that it raised $30 million in Series A funding led by Optum Ventures. New investor Cigna Ventures and existing investors Crosslink CapitalRoute 66 VenturesAccompliceFounder CollectivePrimary Venture Partners and ERA‘s Remarkable Ventures Fund also participated in the round, bringing Flume’s total raise to $40 million.

155 million Americans participate in employer-sponsored health insurance, and people are looking for more personalized health plans that fit their lifestyles or health goals, helping them access the care they want and need.

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, 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. 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. Read rest here