Founded Year

2015

Stage

Series A | Alive

Total Raised

$46.54M

Last Raised

$40M | 2 yrs ago

About Carrum Health

Carrum Health is a marketplace for planned healthcare procedures. Carrum Health is transforming the way healthcare is purchased, consumed and delivered with a marketplace solution. The company is on a mission to make healthcare more affordable and consumer-centric.

Carrum Health Headquarter Location

951 Mariners Island 3rd Floor

San Mateo, California, 94404,

United States

ESPs containing Carrum Health

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTHMARKET STRENGTHLEADERHIGHFLIEROUTPERFORMERCHALLENGER
Healthcare / Healthcare Providers Tech

Solutions in this market assist patients in navigating provider lists, determining their appointment needs, and scheduling appointments. Many new vendors are leveraging AI- and ML-based symptom-checking and triage tools as a first point of contact to reduce unnecessary appointments, gather more information prior to the appointment, and ensure patients are scheduling appropriately to their level of…

Carrum Health named as Highflier among 12 other companies, including Talkdesk, Kyruus, and Luma Health.

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Carrum Health's Products & Differentiation

See Carrum Health's products and how their products differentiate from alternatives and competitors

  • Carrum Health Centers of Excellence Marketplace Platform

    Carrum developed the first-ever Centers of Excellence (COE) marketplace platform to deliver a simpler way to plan and pay for healthcare for self-insured employers and their employees. We design surgical and other medical care bundles that package all of the services a patient needs for surgery--preoperative consultations, imaging, anesthesiology, the procedure itself, physical therapy. The bundle is one upfront payment, thereby avoiding the complications and confusion that comes from traditional insurance and the outdated fee-for-service model. Then we negotiate directly with the top 10% of providers to contract with them for surgical services at a rate that reduces employers’ surgical spend by nearly half through avoiding over a quarter of unnecessary surgeries and reducing unit cost by a third for surgeries that occur.

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Research containing Carrum Health

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

CB Insights Intelligence Analysts have mentioned Carrum Health in 2 CB Insights research briefs, most recently on Jun 22, 2022.

Expert Collections containing Carrum Health

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

Carrum Health is included in 3 Expert Collections, including Health IT .

H

Health IT

3,270 items

Companies partnering with healthcare stakeholders to improve operational efficiency across payment, supply chain, data mgmt, and more.

D

Digital Health

13,084 items

Technologies, platforms, and systems that engage consumers for lifestyle, wellness, or health-related purposes; capture, store, or transmit health data; and/or support life science and clinical operations. (DiME, DTA, HealthXL, & NODE.Health)

D

Digital Health 150

150 items

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

Latest Carrum Health News

StartUPDATES: New developments from healthcare startups

Aug 12, 2022

MedCity News Check out new developments from Carrum Health, Equiva, imaware, Elo, Paige, Gozio Health and WELL Health. Shares0 Carrum Health announced a partnership with Novant Health to deliver orthopedic and bariatric care to Carrum Health members in North Carolina. As an innovative leader in providing patient-centered care, Novant Health is the first Carrum Health COE partner in North Carolina, offering significant value, personalized care navigation and the latest in high-quality treatment options for both patients and their employers. Initially, this partnership will provide convenient access to care at Novant Health Charlotte Orthopedic Hospital and Novant Health Presbyterian Medical Center, with potential to add additional services and evaluate expansion into other regions of the Novant Health footprint. “The clinical strength of Novant Health’s programs is exceptional and will give our employers in the region access to top-quality care,” said Sach Jain, CEO and founder of Carrum Health. “We are excited to expand our COE offering into North Carolina with Novant Health, which shares our commitment to providing patients with access to the region’s best doctors and the most appropriate treatments for their individual needs.” Carrum Health brings the promise of value-based care to those who require surgery with its COE model, which enables self-insured employers to reduce healthcare expenditures, according to a RAND Corporation study . Patients typically face no out-of-pocket costs related to their care, with no deductibles, no co-pays and no unexpected bills. There is a 30-day warranty on each procedure, including any costs associated with the care. A quick Google search of the term “digital health hub” yields top results with links to several government, association and/or nonprofit organizations. Some hubs serve as work and meeting spaces. Some are virtual communities. Some act as innovation accelerators. In an  article published in the Bulletin of the World Health Organization  (August 1, 2020,) researchers at the University of Adelaide describe the concept of a web-based personal digital health “hub” for integrated patient care. They highlight the implementation of such a hub around a cohort of patients with hip fractures. “This is a far different use of the term ‘hub,’ than the aforementioned – and an exciting concept to consider,” said  Equiva  CEO  Nir Altman . The research team designed their hub model to improve education, service integration, data exchange and engagement of all stakeholders including patients and healthcare providers. “A health hub approach can bring significant value in these areas,” Altman wrote in a recently published blog post titled Why Healthcare Needs a Digital Health Hub. ”More robust capture and analysis of patient- and caregiver-reported data, especially from home environments, will fuel advances in these areas,” he added. Read Altman’s blog post here. Digital health solutions company imaware is collaborating with Elo, a “smart nutrition” company turning food from the leading cause of disease to medicine using at-home testing, AI, and nutritional coaching. As part of the collaboration, imaware’s at-home diagnostics tests will provide Elo patients with deep clinical insights into specific biomarkers and health data, which will be used to create a personalized supplement regimen with specific nutrients hand-selected for each patient’s health outcomes. Abridge, a Pittsburgh-based health tech startup focused on medical conversation AI, raised $12.5 million as part of a Series A round. Led by Wittington Ventures, the round also had participation from existing investors including Union Square Ventures, Bessemer Venture Partners, Pillar Venture Capital, and UPMC Enterprises. New investors who took part in the round included Turing Award winner Yoshua Bengio, and Whistler Capital. Abridge’s enterprise-focused documentation solutions seeks to structure and summarize information from medical conversation, making it easier for systems to reduce provider burnout and increase patient satisfaction. UNC Health, a not-for-profit integrated health care system owned by the state of North Carolina and based in Chapel Hill, is releasing new features within its mobile platform. In a partnership with Gozio Health and WELL Health, UNC Health is integrating Gozio-powered wayfinding with the WELL Health patient communications platform to create a more integrated digital experience for patients. The result is a 443% increase in mobile downloads and interactions with a consumer-facing digital front door. Paige, a clinical AI applications developer for pathology, has partnered with Sonora Quest Laboratories, a clinical diagnostics  business. The goal of the digital transformation project is to improve existing diagnostic workflows and accelerate precision diagnoses for patients across Arizona. “The implementation of Paige products at Sonora Quest further validates our ability to scale and deploy our technology to meet the demands of a high-volume commercial laboratory,” said Andy Moye, Paige CEO, in a press release. “AI software like Paige Prostate Detect can serve as a built-in second opinion to promote diagnostic confidence and help reduce diagnostic errors. We believe that our integrated solution can ultimately streamline and improve patient care.” Picture: akindo, Getty Images

Carrum Health Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Carrum Health Rank

  • When was Carrum Health founded?

    Carrum Health was founded in 2015.

  • Where is Carrum Health's headquarters?

    Carrum Health's headquarters is located at 951 Mariners Island, San Mateo.

  • What is Carrum Health's latest funding round?

    Carrum Health's latest funding round is Series A.

  • How much did Carrum Health raise?

    Carrum Health raised a total of $46.54M.

  • Who are the investors of Carrum Health?

    Investors of Carrum Health include Wildcat Venture Partners, SpringRock Ventures, Tiger Global Management, GreatPoint Ventures, Cross Creek and 4 more.

  • Who are Carrum Health's competitors?

    Competitors of Carrum Health include Transcarent and 6 more.

  • What products does Carrum Health offer?

    Carrum Health's products include Carrum Health Centers of Excellence Marketplace Platform and 1 more.

  • Who are Carrum Health's customers?

    Customers of Carrum Health include US Foods, Quest Diagnostics, 3M, United Airlines and Walgreens.

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