Collective Health

Collective Health

Healthcare benefits platform for employers

About Collective Health

Simplify's Rating
Why Collective Health is rated
A-
Rated A on Competitive Edge
Rated B on Growth Potential
Rated A on Differentiation

Industries

Financial Services

Healthcare

Company Size

501-1,000

Company Stage

Series F

Total Funding

$714M

Headquarters

San Francisco, California

Founded

2013

Overview

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 efficient. 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.

Simplify Jobs

Simplify's Take

What believers are saying

  • Partnership with Noom Health offers innovative weight management solutions with GLP-1 drugs.
  • Expansion to Plano, Texas, increases their operational footprint and market reach.
  • AI-driven personalization enhances employee engagement and health outcomes.

What critics are saying

  • Recent layoffs may impact employee morale and service quality.
  • Ensuring clinical appropriateness of GLP-1 prescriptions poses potential legal risks.
  • Expansion to Plano could strain resources and management focus.

What makes Collective Health unique

  • Collective Health integrates medical, dental, vision, and pharmacy into one platform.
  • The company offers a seamless user experience for navigating and paying for healthcare.
  • Their platform reduces administrative burdens for employers, improving cost control and outcomes.

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Funding

Total Funding

$714M

Above

Industry Average

Funded Over

6 Rounds

Series F funding comparison data is currently unavailable. We're working to provide this information soon!
Series F Funding Comparison
Coming Soon

Benefits

Medical, dental, and vision plans

Flexible time off

Life insurance

Retirement plan

Paid time off

Maternity & paternity leave

Free lunch and snacks

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Collective Health
Apr 15th, 2025
AI in Benefits: A Game-Changer or a Cautionary Tale?

At its Together 2025 customer conference in Scottsdale, CollectiveHealth, Inc. had an engaging and thought-provoking discussion on AI in healthcare to kick off the event.

Health Technology Insights
Apr 2nd, 2025
Providence Health Plan Partners with Collective Health

Providence Health Plan partners with Collective Health.

Our Health Needs
Mar 27th, 2025
Collective Health, Noom Health partner for weight management

In 2023, Collective Health laid off 54 employees and restructured its workforce to better align with customer needs.

Health Technology Insights
Mar 26th, 2025
Collective Health and Noom Partner for Weight Management and GLP-1

This partnership combines Noom's advanced digital health management platform with Collective Health's robust benefits administration infrastructure and personalized care navigation to deliver a seamless solution and superior member experience for weight management, including access to GLP-1 class drugs and other anti-obesity medications.

Hit Consultant
Mar 26th, 2025
Collective Health, Noom Health Offer Integrated Glp-1 Weight Management Solution

What You Should Know:– Collective Health, a leader in employee health benefits, and Noom Health, the enterprise division of digital healthcare leader Noom announced a partnership to deliver Collective Health + Noom Med with SmartRx.– The new program provides employers with an integrated weight management solution that includes a GLP-1 drug program, addressing the growing need for effective and affordable weight loss strategies.Addressing the Obesity EpidemicWith obesity affecting over 40% of U.S. adults and projected to have a global economic impact exceeding $4.32 trillion annually by 2035, the partnership aims to provide effective and affordable weight loss options. The Collective Health + Noom Med with SmartRx program offers a holistic approach to weight loss, combining access to GLP-1 class drugs and other anti-obesity medications with lifestyle support.Cost Savings and Improved AccessThe program is designed to deliver cost savings, proactive member engagement, efficient medication access, and comprehensive lifestyle support. By offering direct, cost-effective access to GLP-1 medications, the program bypasses traditional intermediaries and reduces overall treatment costs for Collective Health clients and their members. On average, clients covering GLP-1 drugs for weight loss could see potential savings of 28% by transitioning to the Collective Health + Noom Med with SmartRx program*.Key Features of Collective Health + Noom Med with SmartRxAdaptive Cost-Sharing: The program offers customizable member cost-sharing levels for GLP-1 medications, providing predictable and manageable expenses for both employers and employees.The program offers customizable member cost-sharing levels for GLP-1 medications, providing predictable and manageable expenses for both employers and employees. Clinically Appropriate Prescriptions: Noom’s clinicians ensure proper GLP-1 prescriptions for eligible individuals, providing end-to-end care.Noom’s clinicians ensure proper GLP-1 prescriptions for eligible individuals, providing end-to-end care

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