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Overview
Flume Health builds a platform for health plans, third-party administrators (TPAs), and vendors to simplify healthcare administration and data management. Its core product is an integration-driven system that connects disparate healthcare data sources, enabling secure data exchange and scalable processing. The platform uses APIs and connectors to enable seamless data flows while enforcing strong security, privacy, and regulatory compliance for sensitive healthcare information. This differentiates Flume Health from competitors by focusing on payer ecosystem integrations, end-to-end data handling, and a scalable infrastructure that can grow with customers’ needs. The company’s goal is to make healthcare administration more efficient, accurate, and compliant by reducing manual data tasks and improving data quality across partners.
About Flume Health
Industries
Data & Analytics
Enterprise Software
Cybersecurity
Healthcare
Company Size
11-50
Company Stage
Series A
Total Funding
$40.2M
Headquarters
New York City, New York
Founded
2017
Simplify's Take
What believers are saying
- Secured $30M Series A in 2022 from Optum Ventures and Cigna Ventures, totaling $40M raised.
- Hired Richard Fu as Chief Growth Officer in June 2022 to drive expansion.
- Cloud-native platform provides HIPAA, SOC 2 Type II, and HITRUST compliance.
What critics are saying
- Optum Ventures launches competing data tools, capturing Flume clients via payer relationships.
- HealthEdge undercuts Flume on pricing and scale for TPAs and self-funded plans.
- Nymblr Health erodes edge with AI-native clinical coding, bypassing Flume middleware.
What makes Flume Health unique
- Flume Relay automates data exchange for payers, TPAs, and vendors with multi-protocol support.
- Purpose-built for health benefits data, offering 5-10X more integrations than general solutions.
- AI agents enable clinical coding, actuarial analysis, and claims audits on payer data.
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Funding
Total Funding
$40.1M
Above
Industry Average
Funded Over
4 Rounds
Industry standards
Benefits
Unlimited Paid Time Off
Stock Options
Home Office Stipend
401(k) Retirement Plan
401(k) Company Match
Health Insurance
Dental Insurance
Vision Insurance
Growth & Insights and Company News
6 month growth
↑ 10%1 year growth
↑ 5%2 year growth
↑ 10%In a notable move, Flume Health launched Flume Relay, a solution simplifying data transfer between payers and vendors.
Flume Health, a Health-Plan-as-a-Service platform that eliminates the complexity of designing and managing healthcare plans, today announced that Richard Fu has joined as Chief Growth Officer.
FreeWill, a social-good enterprise, has raised $30 million in Series B funding round led by Bain Capital Double Impact alongside existing investors.
What You Should Know: Flume Health, a NYC-based Health-Plan-as-a-Service platform announced today a $30M round of Series A funding led by Optum Ventures with participation from Cigna Ventures is participating, bringing its total raise to date at $40M. Flume gives all U.S. health insurers the option to build personalized healthcare plans–what Stripe or ... Read More
Erin Brodwin / Axios:NY-based Flume Health, which lets organizations build health plans catered to employers' needs, raises a $30M Series A, bringing its total funding to $40MFlume Health, a New York-based health plan builder for organizations, raised $30 million in Series A funding led by Optum Ventures Click here to read full news.
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About Flume Health
Industries
Data & Analytics
Enterprise Software
Cybersecurity
Healthcare
Company Size
11-50
Company Stage
Series A
Total Funding
$40.2M
Headquarters
New York City, New York
Founded
2017
Flume Health is Hiring for 1 Jobs on Simplify!
Find jobs on Simplify and start your career today