Centivo

Centivo is a new type of health plan for self-funded employers that is built to save 15 percent or more compared to traditional insurance carriers.

Centivo offers a digital health plan aimed at self-funded employers looking to provide employees with quality care they can afford.

Centivo was founded in 2017 by Ashok Subramanian, Alan Cohen, Tahasin Alam, Stuart Roth, and Jordan Silvergleid. The company is headquartered in Buffalo, New York.

 

Centivo saves self-funded employers 15 percent or more compared to traditional insurance carriers and is easy to use for employers and employees. The aim is to bring lower cost, higher quality healthcare to the millions of working Americans who struggle to pay their healthcare bills.

 

Centivo allow employers to offer their employees affordable and predictable costs, a high-tech member experience, exceptional service, and a range of benefit options including both proprietary primary care-centered ACO models as well as traditional networks.

 

Centivo now serves employer clients ranging in size from 100 employees to Fortune 500 companies. Current partners include Mount Sinai Health System, Orlando Health, Scripps Health, Business Health Care Group (BHCG), and UCLA Health.

 

Centivo is backed by Bain Capital Ventures, B Capital Group, F-Prime Capital, Define Ventures, Maverick, HarbourVest Partners, Nassau Street Ventures, Company Ventures, and others. The company raised $51M in Series C round on Sep 22, 2021. This brings Centivo's total funding to $121.4M to date.

 

 

  • Year founded: 2017
  • Funding Info: $121.4M over 4 Rounds (Latest Funding Type: Series C)
  • Yearly Revenue: NA
  • Employee Size: 51-200
  • Business Valuation: NA
  • City/Town: Buffalo
  • State: New York
  • Country: United States
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