Collective Health

Healthcare

Founded: 2013

Last Round Valuation: $1.53B

Collective Health, established in 2013, is a healthcare technology company dedicated to delivering comprehensive solutions that simplify employee healthcare. Their innovative platform is designed to streamline and modernize the healthcare experience for employers and employees alike. By offering a range of tools and resources, Collective Health empowers organizations to manage costs, enhance health outcomes, and boost employee satisfaction. Central to Collective Health's approach is their technology-driven platform, which emphasizes personalization and data-driven insights. Through advanced analytics and tailored solutions, Collective Health aims to improve overall health and wellness while simultaneously reducing healthcare expenses. By leveraging data and technology, they enable employers and individuals to make more informed healthcare decisions. Headquartered in San Mateo, California, Collective Health operates at the intersection of healthcare and technology. Their forward-thinking approach addresses the challenges of traditional healthcare systems and strives to provide a more efficient and user-centric experience. With a focus on integration and simplification, Collective Health empowers employers and employees to navigate the complexities of healthcare with ease and confidence.

Collective Health Overview:

Collective Health, founded in 2013, is a healthcare technology company headquartered in San Mateo, California. It aims to revolutionize the way employers and employees approach healthcare by offering integrated solutions that simplify the complex landscape of employee healthcare benefits.

One of the key objectives of Collective Health is to streamline and modernize the healthcare experience for both employers and employees. Traditionally, navigating the intricacies of healthcare benefits has been a challenging and fragmented process. Collective Health addresses this by providing a comprehensive platform that consolidates various aspects of healthcare management into a single, user-friendly interface.

At the core of Collective Health's platform is a focus on empowering employers to efficiently manage their employee healthcare programs. Through their technology-driven solutions, employers gain enhanced control and transparency over healthcare costs, data, and benefits administration. This allows them to make more informed decisions and optimize their healthcare offerings to meet the needs of their workforce.

For employees, Collective Health offers a personalized and data-driven approach to healthcare. Their platform provides access to tools and resources that promote proactive management of health and well-being. By leveraging advanced analytics and predictive modeling, Collective Health can deliver tailored recommendations and insights to individuals, enabling them to make informed healthcare choices.

Collective Health places a strong emphasis on simplifying the healthcare experience and reducing administrative burdens. Their platform integrates data from various sources, such as insurance claims, medical records, and pharmacy data, to provide a holistic view of an individual's healthcare journey. This integration eliminates the need for employees to navigate multiple systems or fill out redundant paperwork, resulting in a more streamlined and efficient experience.

Another significant aspect of Collective Health's approach is cost management. The company helps employers identify cost drivers, optimize spending, and implement strategies to mitigate healthcare expenses. By leveraging data analytics and predictive modeling, they offer insights into utilization patterns, cost trends, and potential cost-saving opportunities. This empowers employers to make data-backed decisions that balance cost containment with quality healthcare.

Collective Health's commitment to providing an exceptional user experience extends beyond their technology platform. They prioritize customer service and support, ensuring that employers and employees have access to dedicated teams who can address their questions, concerns, and needs promptly and effectively.

As the healthcare industry continues to evolve, Collective Health remains at the forefront of innovation. Through their integrated platform, personalized approach, and focus on simplification and cost management, they strive to improve health outcomes, enhance employee satisfaction, and drive efficiencies in the healthcare ecosystem.

Founders:

  • Ali Diab

  • Rajaie Batniji

Top Investors:

  • SoftBank

  • GV (formerly Google Ventures)

  • Sun Life Financial

  • Founders Fund

  • New Enterprise Associates (NEA)

  • DFJ Growth

  • Formation 8

  • Redpoint Ventures

  • HCSC

  • Mubadala Ventures

Funding History:


Date Share Type Amount Raised Raised to Date Issue Price Post Money Valuation Key Investors
May 2021 Series F $280MM $713.28MM $0.75 $1.53B HCSC, DFJ Growth, Founders Fund
Jun 2019 Series E $205MM $433.28MM $0.36 $542.01MM SoftBank, GV, Sun Life Financial
Feb 2018 Series D $79.7MM $198.28MM $0.90 $597.08MM GV, Sun Life Financial, Mubadala Ventures
Feb 2018 Series C-1 $30MM $148.59MM $0.86 $597.08MM GV, Sun Life Financial, Mubadala Ventures
Oct 2015 Series C $81.09MM $118.59MM $0.78 $380.65MM GV, Founders Fund, New Enterprise Associates
Oct 2015 Series B $31.5MM $37.5MM $0.30 $106.81MM Founders Fund, NEA. Formation 8, Redpoint Ventures
Aug 2014 Series A $6MM $6MM $0.08 $106.81MM Founders Fund, NEA. Formation 8, Redpoint Ventures

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