Take Command Health

Take Command Health offers a health benefits management platform focused on enhancing employer-sponsored health insurance through its tech-enabled service. Positioned as the first-to-market and top Health Reimbursement Arrangement (HRA) administration platform in the US, the company specializes in Qualified Small Employer HRA (QSEHRA) and Individual Coverage HRA (ICHRA) administration, enabling small to large businesses to reimburse employees for health insurance. This model has shown significant demand, especially with the introduction of the ICHRA in January 2020, which saw more than 10,000 employers switch to this model​​. 

The company generates revenue through a combination of subscription-based services and administrative fees for managing health reimbursement arrangements 

In June 2022, Take Command acquired proprietary technology from Savvy, a VC-backed healthcare firm based in San Francisco. With the acquired technology, Take Command aimed to further refine and advance its current offerings. The company planned to use this technology to upgrade the reimbursement and payment processes of its HRA model to deliver a modern, technology-enabled user experience.

Key customers and partnerships

Take Command Health serves clients across all 50 states in the US. The company's client base varies from small businesses with as few as three employees to large organizations with up to 3,000 employees. As of September 2023, Take Command Health had supported over 5,000 companies in managing their health benefits. 

In November 2023, Take Command Health partnered with Ambetter Health to provide an alternative to traditional group health insurance. The partnership enabled businesses to use ICHRA to reimburse their employees’ health insurance expenses, affording them the ability to better control and predict healthcare costs. This also simplifies administrative procedures related to employee health benefits.

Funding and financials

In September 2023, Take Command raised USD 25 million in growth investment led by Edison Partners, a New Jersey-based growth equity investment firm. The investment was expected to be used by Take Command to expand its sales and marketing activities, further develop its technology platform focused on customer experience, introduce new marketplace offerings, and establish transformative partnerships.