Existing investors Accomplice, Founder Collective and Primary Venture Partners also participated in the Seed II round, which brings Flume's total raise to $10 million. Launched in 2020, Flume Health is a new generation of health plan administrator intentionally built to reduce healthcare costs, improve quality of care and transform the user experience for both employers and members. Flume's administrator model allows self-insured employers and their workforces to unbundle their health plans and augment or replace legacy off-the-shelf plans with specialized providers who address specific populations with conditions such as MSK pain, diabetes, mental health and many more.

By marrying active employer and member engagement with a tech- and data-forward product, Flume leapfrogs legacy health plan administrators' capabilities. On average, Flume-designed plans save employers nearly $5,000 per employee per year. New care models like virtual primary and behavioral care, insurance navigation and digital therapeutics have emerged during healthcare's current digital transformation moment. Each play a role in reducing costs and improving quality of care, but all are limited in their ability to create systemic change. Sustainable change requires not only that plan members can access new care models, but that they can intelligently and pro-actively navigate their care landscape in real-time, as their care needs arise.įlume is bringing tech- and data-enabled proactive plan management and member engagement into one of healthcare's most opaque legacy spaces: third-party (health plan) administration ( TPA).

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