Remodel Health

Overview
News
Health Benefits Platforms?
Product stageSegments
Go-to-Market
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Benefits management platforms
?

Remodel Health is a software company that focuses on transforming how health benefits are delivered. The company develops advanced technology, including a notable quoting system that assists brokers and employers in transitioning from costly group health insurance to more affordable individual health insurance plans. 

The company’s product offerings include 1) ICHRA+, a product that allows employers to provide untaxed dollars to employees for purchasing individual health plans, with Remodel Health offering guidance and support throughout this process, and 2) Wage+, a proprietary health benefits solution that provides analysis of an organization's current plan, identifying potential savings and guiding employers through the creation of a new strategy. These solutions focus on customizable health benefits analysis to optimize healthcare solutions that align with organizational needs. In 2023, the company surpassed USD 100 million in savings for its customers. Its next goal was to surpass USD 1 billion in customer savings. 

In February 2024, Remodel Health acquired PeopleKeep, a company specializing in automated benefits administration software. Post-acquisition, Remodel Health would merge its personalized white-glove service with the efficiency of PeopleKeep's automated solutions. This fusion was expected to expand their service capacity, allowing them to serve more clients, from start-ups to growing businesses.

Key customers and partnerships

Remodel Health primarily targets its health benefits solutions toward organizations across various sectors, including brokers and agents, enterprise businesses, small businesses, schools and universities, churches and ministries, and nonprofit organizations. Some of its key customers are Crossroads Church of Avon and Eckhart & Company.

In 2018, the company formed a partnership with Brotherhood Mutual, a century-old insurance company. The partnership leveraged Remodel Health's platform to offer health benefits to over 60,000 churches​​​​.

HQ location:
Indianapolis IN USA
Founded year:
2015
Employees:
101-250
IPO status:
Private
Total funding:
USD 100.0 mn
Last Funding:
USD 100.0 mn (Private Equity; Dec 2024)
Last valuation:
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