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INTERNET | Internet Software & Services / HR & Workforce Management
simplyinsured.com

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Stage

Series A | Alive

Total Raised

$8.42M

Last Raised

$5.9M | 6 yrs ago

About SimplyInsured

SimplyInsured is 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 provide those options on a single site. Its streamlined health insurance manager is 100% online, easy to access, and saves on average $500-$1000 per year per employee.

SimplyInsured Headquarter Location

542 Brannan Street #208

San Francisco, California, 94107,

United States

888-584-7457

Latest SimplyInsured News

Aver Inc. Raises $13.6 Million in Series B Funding

Jan 5, 2016

SIMPLYINSURED RAISES .9M MILLION IN SERIES "A" FUNDING LED BY POLARIS PARTNERS WITH PARTICIPATION FROM BESSEMER, OTHERS Aver Inc., a leader in the healthcare bundled payment space and provider of a patented data management platform that simplifies the healthcare reimbursement process, raised $13.6 million in funding led by Heritage Group, with participation from Cardinal Health, Inc., GE Ventures, Hearst Health Ventures, and affiliates of NCT Ventures and StartUp Health. The funding will help the fast-growing company further scale operations, grow its platform capabilities and expand market share. Aver experienced very strong growth fueled by the accelerated adoption and expansion of its bundled payment solutions by the country’s leading health systems and healthcare payers. The rapid adoption is a result of healthcare shifting towards a value-based model where payments are bundled as a way to manage cost and quality of care. Aver’s strong 2015 results, along with its anticipated growth for 2016, helped the company successfully secure the Series B funding and solidify its position as a leader in the bundled payment landscape. “We are excited to partner with Aver at this critical inflection point in its growth,” said Rock Morphis, managing director at Heritage Group. “As healthcare shifts into value-based care, payers, providers and employers will continue to look for ways to better align cost and quality in care delivery. With its best-in-class solutions, Aver is uniquely positioned to help its customers succeed in this transition.” He added, “We are very pleased to have the opportunity to co-invest with one of our strategic partners, Cardinal Health, and to work with Aver’s President and CEO Nick Augustinos and the Aver team.” As part of the agreement to lead the funding, Morphis will join Aver’s board of directors. In response to commercial and government payers setting goals and timelines for shifting reimbursements from volume to value, Aver created an intuitive software platform to build bundles around episodes of care and to support the payment administration of those bundles. Aver’s analytics tools and reports provide insights to measure and manage performance in a fee-for-value environment. These capabilities are essential in managing cost and quality of care. The Centers for Medicare & Medicaid Services alone will tie 50 percent of Medicare payments to these models by the end of 2018. “We are very excited to have our Series B funding led by Heritage Group and to have the continuing support of existing investors, GE Ventures and StartUp Health. We are just as excited to welcome our new investors Cardinal Health, Hearst Health Ventures and NCT Ventures,” said Nick Augustinos. “We are at the right time with the right solutions and, with strong support from our investors, to continue our growth in 2016 and beyond.” About Aver Inc. Founded in 2010 and headquartered in Columbus, Ohio, Aver, through its Aver CloudTM suite of products, allows its customers to transition seamlessly from fee for service to value-based reimbursement. By analyzing vast amounts of data available in current healthcare systems, Aver packages patient care services to create bundled payments and related reports. The Aver Cloud enables the creation, management, insight, and payment processing for fee-for-value payment programs. Aver’s solutions support commercial, Medicare, and Medicaid plans as well as health care providers in managing delivery costs and reimbursement solutions. For more information, visit www.aver.io . View source version on businesswire.com: http://www.businesswire.com/news/home/20160105006811/en/ ReviveHealth

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Expert Collections containing SimplyInsured

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

SimplyInsured is included in 6 Expert Collections, including HR Tech.

H

HR Tech

3,793 items

HR tech startups are helping companies manage critical pain points in HR processes such as recruitment, automation, career development, compensation, and benefits management, through a mix of software and services.

S

Smart Money VCs (2017-2019)

6,297 items

We crunched the data to identify the 24 VC firms with the best combination of portfolio valuations and investment outcomes.

H

HR Tech Startups

173 items

From Putting In Overtime: 125+ HR Tech Startups in One Infographic

S

SMB Fintech

1,073 items

U

US HR Tech Startups

289 items

I

InsurTech

1,630 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

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