CollectiveHealth?

saidtodayit’stakingalargenewfundingroundfromGoogleVenturesandotherstooffer?

itshealthinsurancemanagementplatformtoemployersnationwidein2016。

The$81millionfunding?

roundcomesfromfirst-timeinvestor?

GoogleVenturesandexisting?

investorsNEAandFoundersFund,alongwithMaverickCapital,RedpointVentures,andRREVentures。

SanMateo,California-basedCollectiveHealthhasbeen?

offeringitsservicetoCaliforniacompanies?

forthepasttwoyears?

Todate,thestartuphasrackedupexactlysixemployercustomers,with30,000employeesanddependentsunderplan。

Thestartup’smanagedsolutiongivesemployersawaytoenrollemployeesinhealthplans(thiscouldmeananemployerself-insuredplanoracommercialplan)?

viaaneasy-to-useonlineinterface。

Thataloneisabigimprovementtothe?

process,whichistypicallydoneonpaper。

Further,CollectiveHealthprocessestheclaimsemployeessubmittotheplansoncetheyenroll。

“One-fifthofourcountry’sGDPgoestowardpayingforsomethingwherethereisnoclarityonwhythingscostwhattheydo,”CollectiveHealthfounderAliDiabtoldVentureBeatbackinMarch,“andthecustomerexperienceofinteractingwithyourhealthinsurerfeelslikeenteringatimewarpbackto1980。



CollectiveHealthhassofarraised$119millioninventure?

funding,includinga$32millionroundinMarch2015。

Thecompanysaiditsexpectsits?

platformtoserve30,000membersin2016andtoprocessmorethan$200millioninhealthinsuranceclaims。

“We’reworkingtoshiftthefocusofhealthinsurancefromprofitstopeople,”saidDiabtoday。

“Thissignificantinfusionofcapitalcomesattheperfectmoment,enablingustomakeoursolutionavailabletocompaniesacrosstheU。

S。



Foundedin2013,CollectiveHealthsaiditnowhas?

morethan120employees。

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