California based enterprise health services platform has raised $81m of Series C financing, led by Google Ventures. The company is growing quick, hoping to double in size within the next few years. For a flat fee / employee / month, the startup health plans for self-insured employers by centralizing benefits, from pharmacy to medical to dental, on its SaaS platform. It even goes a step further by analyzing claims data in real-time to chart trends in health care costs, and to identify patient population----for example, prevalence of diabetes.
Enterprise health insurance services platform Collective Health has raised a healthy $81 million in Series C funding to help the startup continue to grow its team, as well as cover the U.S. market. Ali Diab co-founded Collective Health with his friend Rajaie Batniji, after Diab had a terrible experience going the rounds with his health insurance. Diab’s gut had twisted up on itself and he had to get treated or risk death. Just as Diab was struggling to regain his health, his insurance decided it didn’t need to pay. Thus, Collective Health was born as a way to cut out health insurance and instead offer employers a way to pick and choose which things they want covered for their employees in what the startup hopes to make a less expensive and more efficient process.