Flume Health, a health-plan-as-a-service platform, has scored $30m in its Series A funding round, which was led by Optum Ventures.
Cigna 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.
Flume is aimed at delivering digital-first health plans tailored to patientsâ€™ unique health needs and preferences. 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.
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.
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.
“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.”
With the close of the round, the company has raised a total of $40m in funding.
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