Collective Health is a health-tech startup that provides health insurance solutions for designing, administering, and transforming the consumer experience of health insurance for self-insured employers
Collective Health is working to untangle how health-benefit plans work for employers and the people they cover in one, unified software platform.
Collective Health was founded in 2013 by Ali Diab & Rajaie Batniji and is based in San Francisco, California.
Collective Health brings together companies’ various health benefits into one platform to let employers to manage their offerings while assisting employees to navigate their healthcare.
Collective Health offers employers a way to knit together various health benefits -- medical, prescription drug, dental, vision, as well as other specialized offerings — on a single technology platform.
Collective Health's software and data technology architecture removes the burden on employer benefits and finance teams of having to manage and review complex eligibility, claims, utilization, and financial performance data to make sure their health plans are performing as intended.
Collective Health serves about 300,000 members across more than 55 companies. Customers typically have at least 1,000 employees, and are self-insured – that is, they pay the medical costs for their health plans directly, and rely on insurance carriers only for administrative functions like contracting with doctors.
Collective Health is backed by NEA, Founders Fund, GV, SoftBank Vision Fund, Health Care Service Corporation, Sun Life, DFJ Growth, PSP Investments and others. The company raised $280M in Series F round on May 04, 2021. This brings Collective Health's total funding to $719M to date. The latest round valued the company at $1.5B post-money.