This brings Collective Health’s total funding to $119 million since it was founded two years ago to revamp the U.S. employer-sponsored health insurance experience.
The platform, which currently serves California-based employers, plans to expand nationally next year and serve 30,000 members and process more than $200 million in claims. To bolster its benefits plan, Collective Health also announced Tuesday partnerships with Anthem and Blue Shield of California.
With its new partners and plans to expand nationally, it says it is on track to process more than $2 billion in claims in 2017.
More articles on payer issues:
Aetna-Humana merger receives approval from shareholders
8 things to know about insurance co-op closures
Essentia Health, UCare form PPO
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.