Search company, investor...
Search

Founded Year

2016

Stage

Series B | Alive

Total Raised

$247.5M

Last Raised

$105M | 2 yrs ago

About Bind Benefits

Bind delivers a condition-first health plan design that creates an intuitive fit between people’s health insurance and the way they actually use health care. Users can see their treatment options, compare costs, choose the most cost-effective pathway and can add coverage as needs change.

Bind Benefits Headquarters Location

3033 Excelsior Boulevard Suite 120

Minneapolis, Minnesota, 55416,

United States

612-503-5003

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Bind Benefits's Products & Differentiation

See Bind Benefits's products and how their products differentiate from alternatives and competitors

  • Personalized health plan

    Bind operates both a self-funded administrative services only (ASO) product and a fully-insured offering to employers. Personalized health plans offer consumers choice, flexibility and cost transparency they may have never had. Decision-making is straightforward—consumers can see and compare coverage and treatment options and costs in advance of treatment and provider selection. Consumers can save money by selecting the most cost-effective treatment path for them and can adjust their coverage as their needs change.

Research containing Bind Benefits

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Bind Benefits in 1 CB Insights research brief, most recently on Sep 16, 2020.

Expert Collections containing Bind Benefits

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Bind Benefits is included in 5 Expert Collections, including Insurtech.

I

Insurtech

2,492 items

Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience

C

Conference Exhibitors

5,302 items

F

Fintech

7,547 items

US-based companies

H

Health Plans & Benefits Management

724 items

Companies developing or offering digital platforms and services, including online insurance marketplaces, data analytics for claims adjustment, benefits administration, and payments systems, that help make private health insurance more affordable, navigable, or transparent.

D

Digital Health 150

150 items

The winners of the second annual CB Insights Digital Health 150.

Latest Bind Benefits News

StartUPDATES: New developments from healthcare startups

Sep 24, 2021

MedCity News Check out news from Serimmune, Bind Benefits, Carrum Health and Astarte Medical. Shares0 Serimmune and Mymee announced this week that they will collaborate on a clinical research study to describe the role antibodies play in patients suffering from COVID-19. The partnership includes collaborating on research to understand the presence of antibodies in people with autoimmunity, including disease activity and those most at risk. The study, which will use Serimmune’s proprietary Serum Epitope Repertoire Analysis (SERA) technology, is designed to assess individual immune responses to SARS-CoV-2 from both natural infection and vaccination, and track those responses over a five-year period. This data will help researchers better understand how variations in antibody response may influence Covid-19 symptoms from very mild to severe. More than 200 million Covid cases and 4 million deaths have been reported globally since the pandemic began in December 2019. Experts predict that up to 35% of both asymptomatic and symptomatic Covid cases will develop some form of long haul Covid. As part of this collaboration agreement, patients participating in Mymee’s digital care programs for autoimmunity and long haul Covid will be eligible to participate. Participants in the study will receive access to their personalized antibody map, which characterizes their own unique set of antibodies to SARS-CoV-2, and will be provided with ongoing information about their immunity to the virus over time. There is no charge to participants for participating in the study. Bind Benefits  announced that its personalized health plans are now available on a fully-insured basis to Virginia employers with more than 50 employees. Bind redesigned health insurance from the ground up to give employers the opportunity to offer a sustainable, attractive health benefit, without continuing to shift cost to employees. With Bind, people have full coverage from day one without unnecessary affordability barriers, like deductibles and coinsurance. With an intuitive digital experience, members can see cost and quality comparisons in advance of care. “Virginia employers and employees deserve the opportunity to save money and be more satisfied with their health insurance experience. Personalized health plans do just that,” said John Chabot, mid-market sales leader for Bind. Bind has proven when people have upfront cost certainty, they choose higher-quality care—and that makes health care more affordable overall. The  impact  Bind is having on its members and employer customers is significant. Bind members choose more effective, efficient care and see 52% lower medical and pharmacy out-of-pocket spend than the national average—and employers can spend up to 20% less. Bind is not new to Virginians. Bind has members from Virginia who are on self-funded plans, offered by companies, such as Lumen, Medtronic, and more. Carrum Health has expanded its offerings in Texas with Houston Physicians’ Hospital to give Carrum Health members access to cost-effective bundled offerings for spinal surgery and outpatient sports medicine care. Houston Physicians’ Hospital serves communities throughout Southeast Texas at its hospital in Webster, Texas, and 15 outpatient physical therapy clinics. Its patient-focused, concierge approach ensures that patients receive the most appropriate care, whether that is surgery or, when possible, more conservative, non-surgical options for less invasive ways to address back pain and recover from sports injuries. “At Houston Physicians’ Hospital, we pride ourselves on delivering an excellent patient experience, with a focus on providing the best and most appropriate care. We chose to partner with Carrum Health because of their shared commitment to putting patients first, reflected in their high Net Promoter Score,” said Heather Womack, CEO of Houston Physicians’ Hospital. “We look forward to bringing Carrum Health’s unique care model to businesses and their employees in the greater Houston area.” Carrum introduces a new model that brings value-based care to surgeries with a technology-first approach to simplify how care is paid for and delivered. The Carrum Health benefit includes the industry’s first and only Centers of Excellence platform and a smartphone app that provides complete member support. Members typically never pay any medical bill in the Carrum model – no co-pays, no deductibles, no surprise bills. Instead, they’re able to focus on their health rather than fighting the healthcare system. Astarte Medical , a company that specializes in clinical decision support tools for the NICU, has raised $7.6 million in a Series A round. Among the investors taking part in the round are Viking Global Investors LP, Lunsford Capital, Ben Franklin Technology Partners, OCA Ventures, Next Act Fund, Capita3, Leatherneck Ventures, and Social Venture Circle. The funds will be used to scale its clinical decision support platform NICUtrition to address critical, unmet needs in the NICU like malnutrition, suboptimal growth, and racial disparities in care. Picture: akindo, Getty Images

Bind Benefits Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Bind Benefits Rank

  • When was Bind Benefits founded?

    Bind Benefits was founded in 2016.

  • Where is Bind Benefits's headquarters?

    Bind Benefits's headquarters is located at 3033 Excelsior Boulevard, Minneapolis.

  • What is Bind Benefits's latest funding round?

    Bind Benefits's latest funding round is Series B.

  • How much did Bind Benefits raise?

    Bind Benefits raised a total of $247.5M.

  • Who are the investors of Bind Benefits?

    Investors of Bind Benefits include Ascension Ventures, UnitedHealth Group, Lemhi Ventures and Ascension Ventures.

  • Who are Bind Benefits's competitors?

    Competitors of Bind Benefits include Centivo, Garner Health, Collective Health, Oscar Health, Apostrophe and 9 more.

  • What products does Bind Benefits offer?

    Bind Benefits's products include Personalized health plan.

  • Who are Bind Benefits's customers?

    Customers of Bind Benefits include Medtronic, Dayton Children’s Hospital and Cumberland School District .

You May Also Like

A
Apostrophe

Apostrophe is a healthcare platform where employers and members can pay a monthly fee to have Apostrophe pay for medical bills upfront at a lower rate than insurance providers.

Collective Health Logo
Collective Health

Collective Health is a technology company aiming to make health insurance work better for everyone. The company provides employers with an integrated software platform that allows them to administer their benefits plans, take better care of their people, and optimize their investment-all in one place.

SimplyInsured Logo
SimplyInsured

SimplyInsured is a simple, no-hassle health insurance marketplace and administrative platform for small businesses. The company analyzes thousands of insurance policies to find the best coverage, price, and value for every situation, and provides those options on a single site.

BIMA Logo
BIMA

BIMA provides mobile-delivered insurance to mobile operators and insurance companies. The company also provides product development expertise, a dedicated distribution force, efficient customer service with rapid claims payment, and a mobile insurance platform. It was founded in 2010 and is based in London, England.

PolicyGenius Logo
PolicyGenius

PolicyGenius is an online insurance platform. Through its highly tailored Insurance Checkup, users can discover their coverage gaps and read about solutions for their exact needs. The company provides a place to shop online for life, long-term disability, renters, and pet insurance through its highly accurate quoting engines that offer side-by-side comparisons of tailored policies.

Snapsheet Logo
Snapsheet

Snapsheet develops a cloud-based technology platform that facilitates customer engagement and intelligent workflows. Snapsheet builds software to adapt to workflows, operational needs, and systems environments.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.