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Sidecar Health
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Affordable health insurance with price transparency
Sidecar Health
Work Here?
Affordable health insurance with price transparency
About Sidecar Health
Industries
Financial Services
Healthcare
Company Size
201-500
Company Stage
Series D
Total Funding
$319.1M
Headquarters
El Segundo, California
Founded
2018
Overview
Sidecar Health provides health insurance plans that focus on affordability and transparency, including options compliant with the Affordable Care Act (ACA). The company allows members to see average cash prices for medical services upfront, helping them make informed decisions and avoid unexpected costs. Revenue is generated through member premiums, which cover medical expenses, while also benefiting from the difference between negotiated cash prices and premiums. Sidecar Health's goal is to empower members to take control of their healthcare expenses with straightforward and cost-effective insurance options.
Simplify's Take
What believers are saying
- Recent $165M Series D funding supports expansion and innovation in health insurance.
- Partnership with Mark Cuban Cost Plus Drug Company lowers prescription drug costs for members.
- ACA-compliant product line expansion increases market reach and consumer options.
What critics are saying
- Increased competition from similar insurtech companies may erode market share.
- Regulatory scrutiny on cash pay models could pose compliance challenges.
- Economic downturns might reduce consumer spending on health insurance premiums.
What makes Sidecar Health unique
- Sidecar Health offers transparent pricing, empowering members with upfront healthcare cost information.
- The company provides customizable plans, aligning with individual coverage needs and budgets.
- Partnerships with institutions like Ohio State University enhance their fixed-price care model.
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Funding
Total Funding
$319.1M
Above
Industry Average
Funded Over
3 Rounds
Tiger GlobalIndustry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
Paid Vacation
Paid Holidays
Stock Options
Company Equity
Growth & Insights and Company News
6 month growth
↑ 1%1 year growth
↓ -1%2 year growth
↑ 0%COLUMBUS, Ohio, Dec. 19, 2024 /PRNewswire/ -- Sidecar Health, a pioneering consumer-driven health insurance carrier, today announces a new, transparent pricing agreement with The Ohio State University Wexner Medical Center, home to the third-largest cancer hospital in the United States. This innovative agreement represents a significant advancement in transparent healthcare pricing and marks the first agreement of its kind for the academic medical center. Sidecar Health members will benefit from a fixed-price model that removes traditional barriers such as prior authorizations, unpredictable claim editing, and complicated medical management programs. This streamlined approach allows members to access advanced care at any Ohio State University medical facility, including The Ohio State University Comprehensive Cancer Center – Arthur G. James Cancer Hospital and Richard J
Insurance technology company Sidecar Health said it raised $165 million in Series D financing, with Koch Disruptive Technologies leading the round.
Sidecar Health raised $165 million in a Series D funding round led by Koch Disruptive Technologies, with participation from investors like GreatPoint Ventures and Menlo Ventures. The funding and a strategic partnership with Koch Industries aim to disrupt the employer-sponsored health insurance market. Sidecar Health plans to expand to Florida, leveraging its model that offers transparency, eliminates prior authorizations, and promises 20% cost savings compared to traditional plans.
/PRNewswire/ -- Sidecar Health, a transformative health insurance company providing major medical coverage to businesses, announced today the closure of $165...
Mark Cuban Cost Plus Drug Company is partnering with Sidecar Health, an insurance company, to help bring high-quality, lower-cost prescription drugs to Sidecar Health members.
Sidecar Health is Hiring for 10 Jobs on Simplify!
Find jobs on Simplify and start your career today
About Sidecar Health
Industries
Financial Services
Healthcare
Company Size
201-500
Company Stage
Series D
Total Funding
$319.1M
Headquarters
El Segundo, California
Founded
2018
Sidecar Health is Hiring for 10 Jobs on Simplify!
Find jobs on Simplify and start your career today