Group healthcare payments company Carrum Health has picked up $6.5m in Seed funding.
Wildcat Venture Partners led the round with participation from SJF Ventures and SpringRock Ventures.
The San Francisco-based business connects self-insured employers to healthcare providers through bundled payment arrangements.
It aims to reduce the cost of healthcare for employers and employees as well as enabling healthcare providers to increase their market share.
The company grew to serve more than 400 employer groups on the West Coast last year.
Carrum Health CEO Sachin Jain commented: “As healthcare continues to push towards value-based care, employers are paying close attention to their healthcare benefits to meet the needs of their employees at a reasonable price.
“We’re excited about this funding because it positions us to meet the demands of current and future customers by expanding our bundled payment offerings.
“This capital will also go towards further enhancing our technology and operations platform while improving our analytical insight capabilities.”
The company says as well as expanding its platform the funding will be used to offer additional care bundles in orthopedic, spine and cardiac and adding service lines such as bariatrics and maternity.
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