Ribbon Health

Ribbon Health

Automated provider data platform for healthcare

Overview

Ribbon Health builds a data platform that collects and standardizes provider information, including insurances accepted, costs, quality metrics, and provider experience. Customers such as health plans and care navigators access this data via subscription to search, compare, and reference providers. The platform automatically ingests data from thousands of sources and continuously updates it to improve accuracy, with deployment and customer success teams to tailor implementation. Its goal is to help organizations lower costs, speed time to market, and improve patient care decisions.

Significant Headcount Growth
YC Company

About Ribbon Health

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

Industries

Data & Analytics

Enterprise Software

Healthcare

Company Size

11-50

Company Stage

Series B

Total Funding

$57.4M

Headquarters

New York City, New York

Founded

2016

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Simplify's Take

What believers are saying

  • H1 acquisition on January 8, 2025 expands reach to health plans and digital health.
  • Partnerships with MDsave and Turquoise integrate transactable pricing data.
  • Platform cuts data costs 95% and saves 40 minutes per referral for clients.

What critics are saying

  • H1 integration erases Ribbon brand identity by mid-2025.
  • H1 pharma focus displaces payer contracts within 12-18 months.
  • CareJourney captures clients via superior quality metrics in 12-24 months.

What makes Ribbon Health unique

  • Ribbon aggregates provider data from thousands of sources using ML for 90% accuracy.
  • Cloud-native SaaS platform enables custom workflows for provider data management.
  • API delivers real-time insurance, cost, quality data for care navigation.

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Funding

Total Funding

$57.4M

Below

Industry Average

Funded Over

4 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$43.5M
Ribbon Health
$45M
Linktree
$65M
Substack
$100M
ClickUp

Benefits

Fully sponsored medical, dental, and vision plan coverage

Unlimited paid time off and flexible hours

One Medical membership and mental health support

Commuter support and CitiBike membership

Inclusive environment and activities to connect outside the office

401k sponsorship

Growth & Insights and Company News

Headcount

6 month growth

33%

1 year growth

14%

2 year growth

33%
HCI Innovation Group
Jan 8th, 2025
Tech Firm H1 Acquires Ribbon Health

New York-based global healthcare data technology company H1 announced in a press release on January 8 the acquisition of Ribbon Health, a provider data platform.

GlobeNewswire
Jan 8th, 2025
H1 Acquires Ribbon Health, Expands Offerings

H1 announced key milestones: appointing former FDA Commissioner Dr. Stephen M. Hahn to its board, acquiring Ribbon Health, and unveiling its 2025 product roadmap. The acquisition of Ribbon Health, backed by investors like General Catalyst and a16z, enhances H1's expansion into health plans and digital health sectors. H1's new product vision includes solutions for medical, clinical, and commercial teams, aiming to streamline processes and improve diversity in the pharmaceutical lifecycle.

Business Wire
Mar 19th, 2024
Ribbon Health Launches First-Of-Its-Kind Provider Data Platform To Unlock Cost Savings And Value For Healthcare Enterprises

NEW YORK--(BUSINESS WIRE)--Ribbon Health, a provider data and technology company, today announced the launch of Ribbon Provider Data Platform, disrupting a long history of industry challenges with provider data. The cloud-native SaaS platform combines Ribbon’s high-quality provider data directory with advanced data management capabilities – a powerful, first-of-its-kind combination for the industry that allows healthcare enterprises to easily configure custom data workflows to drive operational efficiency and value. Customers of the Provider Data Platform have reduced their data intake and processing costs by up to 95%, improved data comprehensiveness and accuracy by up to 90%, built better member, patient, and provider experiences, and scaled their operations without worrying about complex provider data.“As a health plan, we’re leveraging Ribbon Provider Data Platform to help us make decisions around how to drive down total medical expenses for our members,” said Jane Zhu, Director of Product Management at Firefly Health. “Ultimately, a big driver of a health plan’s success depends on whether or not we’re able to navigate our members to that high quality, high value care, and the Provider Data Platform is integral to driving those decisions.”Provider data connects patients to the best and right doctors, and is the backbone of any healthcare organization – it’s how claims are paid, networks are designed and members find care. It underpins the critical business processes that make healthcare organizations function, however managing provider data is rife with challenges and a strain on resources. Stemming from a myriad of sources with varying formats and quality levels, provider data has no single source of truth and is constantly changing as providers switch offices, stop practicing, or change their contact information

PR Newswire
Apr 11th, 2023
Mdsave Partners With Ribbon Health To Empower Care Navigation Companies With Transparent, Transactable Care

The Power of Ribbon's Provider Data Platform and MDsave's Nationwide Transactable Network Enables Access to Upfront Comprehensive Prices for Care and Eliminates Surprise BillsNASHVILLE, Tenn., April 11, 2023 /PRNewswire/ -- MDsave, the nation's leading online healthcare services platform connecting providers, employers, and patients to transparent and transactable healthcare, announced today a strategic partnership with Ribbon Health , a leader in healthcare provider data technology and management for care navigators, primary care providers, payers and other innovators across the healthcare industry.MDsave and Ribbon have worked together since 2019 to bring provider reviews to MDsave.com and this expanded partnership furthers each company's mission of making healthcare more accessible and affordable for all. MDsave partners with providers and health systems to create fully bundled care options for employers and care navigators–care is purchased up front with one comprehensive and locked-in price. By fully integrating MDsave's roster of over 3,000 unique medical procedures and 6,000 providers within the Ribbon Health platform, care navigators will be able to easily find and purchase affordable and high-quality care for employers and patients."Our health system partners want to bring an innovative solution to employers in their markets," said Ryan Aipperspach, chief technology officer, MDsave. "Our providers understand transparency is only as good as the transactability of the network. Ribbon makes it easy for us to distribute this solution across the healthcare ecosystem, by enabling their customers with the ability to purchase care at the point of a provider search."The combined Ribbon Health and MDsave solution will allow care navigators who service employers with self-funded arrangements the ability to compare and shop MDsave's nationwide bundled network options right alongside the rest of Ribbon's API-delivered provider data platform."Ribbon is the single source of truth for provider information, and our customers are always seeking innovative ways of making care more affordable for their patients and members," said Nate Maslak, co-founder and chief executive officer, Ribbon Health. "We are very excited to partner with MDsave to further our mission of increasing access to accessible, affordable and high-quality care by enabling our customers to not only view the cost of care, but also purchase more cost-effective care within Ribbon's platform."Ribbon Health continues to launch new capabilities with the ultimate goal of transforming the experience of finding a provider

Asian Hospital & Healthcare Management
Apr 11th, 2023
MDsave Announces Partnership with Ribbon Health

MDsave announced a strategic partnership with Ribbon Health to empower care navigation companies with transparent, transactable care.

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