Collective Health

Collective Health

Healthcare benefits management platform for employers

About

Collective Health provides a platform designed to enhance the healthcare experience for individuals and employers. This platform simplifies the management of health benefits by integrating various health insurance plans, wellness programs, and health-related services into one user-friendly interface. Employers utilize this platform to offer better healthcare options to their employees, which helps make the healthcare process more transparent and accessible. Unlike many competitors, Collective Health focuses on reducing administrative costs and improving employee satisfaction through a comprehensive approach to health benefits management. The company's goal is to create a supportive and inclusive environment for both its employees and the diverse member base it serves.

Company Stage

Series F

Employees

501-1,000

Industries

Financial Services, Healthcare

Total Funding

$694.5M

Headquarters

N/A

Founded

2013


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Simplify's Take

What believers are saying

  • Expansion into new markets, such as the new office in Plano, Texas, indicates growth and increased job opportunities.
  • The appointment of experienced leaders like Kim Shepard and Chris Newman suggests a strong focus on client success and financial stability.
  • Investment in data and analytics capabilities aims to enhance member experience and clinical navigation, potentially leading to better health outcomes and customer satisfaction.

What critics are saying

  • Recent layoffs indicate potential instability and may affect employee morale and job security.
  • The competitive landscape in health benefits management is intense, requiring continuous innovation to maintain a competitive edge.

What makes Collective Health unique

  • Collective Health integrates various health insurance plans and wellness programs into a single platform, offering a more streamlined and user-friendly experience compared to traditional health benefits management.
  • Their focus on diversity and inclusion through employee resource groups and programs sets them apart in fostering a supportive and empowering work environment.
  • The launch of The Partner Collective™ provides unique insights for benefits leaders, distinguishing their platform in the digital health solutions market.

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Growth & Insights
Headcount

6 month growth

3%

1 year growth

6%

2 year growth

0%

Benefits

Medical, dental, and vision plans

Flexible time off

Life insurance

Retirement plan

Paid time off

Maternity & paternity leave

Free lunch and snacks

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