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Flume Health
Digital platform for health plan administration
- 21-100 employees
- Healthcare
- B2B
- Insurance
- SaaS
- MedTech
- Lenox Hill, New York, NY
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Company mission
To enable the creation of health plans which lower costs and improve care outcomes.
-37% employee growth in 12 months
Our take
Companies use Flume to design and launch fully configured, modern health plans in months, rather than using third-party administrators (TPAs), which have until now been the only real solution.
Flume maintains that TPAs, which are still largely tech-averse, are causing a bottleneck in a fragmented healthcare ecosystem, which is in turn slowing the delivery of personalized health plans.
Having initially started as an administrator itself to help companies self-insure their employees with more affordable and more transparent health plans, 2021 saw Flume release Flume OS, which essentially works as a launch pad for challenger health plan providers.
Flume OS has proven to be a hit, garnering $40 million in funding in 4 years. It’s been used by fast-growth startups Firefly Health and Hue Health, and has also seen the company attract tens of millions in funding as it looks to scale up.
Steph
Company Specialist at Welcome to the Jungle
Benefits
- PTO: It’s important to us that our people take the time they need to feel happy and healthy. We offer “take it as you need it” paid time off to meet your personal needs.
- Health: Flume offers a range of plans to fit your health needs no matter where you live.
- Family Leave: Adding to your family deserves focused time at home. We support that with 6 weeks of paid leave.
- Remote Stipend: We want our people to have what they need to do their job seamlessly, whether they work out of our HQ or in another state.
- 401k: Flume looks to the future. Our 401k plan provides many retirement investment options to help you secure your future.
- Company Events: We may be distributed, but we don’t miss an opportunity to connect and celebrate. Game nights and meals together are enjoyed throughout the year.
Company values
- Make Your Mother Proud – Do the right thing and be ethical
- Start From A Place Of Trust – Be candid; give trust and earn trust
- Leave Your Ego At The Door – Be humble
- Be Present – And curious
- Deliver!
Funding (last 2 of 4 rounds)
Mar 2022
$30m
SERIES A
May 2021
$6m
SEED
Total funding: $40.2m
This company has top investors
Leadership
Co-founded color FDM 3D printing startup Spectrom in 2014 (acquired 2015 by Makerbot). Became a Product Manager at Makerbot until 2017, before founding Flume the same year.