Collective Health

Collective Health offers a platform that integrates plan administration, navigation, and advocacy, aimed at simplifying healthcare for employers and their employees. The platform stands out for its ability to consolidate medical, dental, vision, pharmacy, and program partners into a unified solution, enhancing the ability for employees and their families to understand, navigate, and pay for healthcare. The company's approach focuses on reducing the administrative burden of delivering health benefits while offering an intuitive member experience and aiding in cost control and outcome improvement. 

As of November 2022, Collective Health had processed over 23.6 million claims across pharmacy, medical, dental, and vision benefits, accounting for over USD 11 billion in claims processed.

Key customers and partnerships

Collective Health serves a broad spectrum of members and employers, ranging from medium-sized companies to large enterprises across the US. As of March 2024, the company’s total membership had exceeded 400,000. 

As of November 2022, the company had built a partner ecosystem, surpassing 100 partners, to deliver a diverse and integrated benefits experience. This ecosystem includes leading organizations in medical, pharmacy, dental, and vision care, as well as emerging digital health solutions. In December 2023, the company partnered with Galileo and Tria Health under its Premier Partner Program. As a part of this partnership, Collective Health clients will benefit from Galileo's digital medical services and Tria Health's specialized chronic care management services.

Funding and financials

In May 2021, Collective Health raised USD 280 million in a Series F financing round led by Health Care Service Corporation. Other investors such as DFJ Growth, Founders Fund, G Squared, Maverick Ventures, and other contributors including SoftBank Vision Fund 1 and NEA also participated in the round. The proceeds were intended to scale its intuitive healthcare platform and services, aiming to provide seamless healthcare experience to a wider demographic. At the time of the funding the company was valued at USD 1.5 billion.