Collective Health: making health insurance work for everyone

By David Singer

We’d like to extend our congratulations to Collective Health, who has just announced its $205 million Series E funding. We were excited to invest in our third straight round because of our confidence in their team.

Collective Health is a technology company that partners with self-funded employers to change how they manage their healthcare spend, and is transforming health insurance in the same way software has transformed many parts of our lives. With much of the industry still running on outdated technology systems, our view is this will lead to more appropriate and less costly healthcare.

We continue to invest in Collective Health because of their purpose-driven approach to bringing clarity and transparency to employers, finding solutions to the challenges of rising costs, and providing the platform that arms employers with what they need to offer better health benefits to their people.

With 155 million Americans depending on their employers for health coverage, corporations routinely pay the highest price for healthcare services. We believe better management on this spend is dependent on better engagement tools for employees and more modern software products for employers. This is Collective Health’s competitive advantage, which they’ve demonstrated across their customer base.

Since the company was founded in 2013, Collective Health now supports more than 200,000 members through their 45 enterprise clients, proving their approach is working and appreciated.

The views expressed herein are solely the views of the author(s) and are not necessarily the views of Maverick Capital, Ltd. or any of its affiliates. They are not intended to provide, and should not be relied upon for, investment advice.