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Radar · Healthcare Payer Tech in United States

Best Healthcare Payer Tech Companies in United States

The 441 best Healthcare Payer Tech companies in United States in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Anthem.

441companies tracked
$11.9Bdisclosed funding
7unicorns
158have raised

Healthcare Payer Tech in the United States is where $11.9B in disclosed funding has stacked up across 441 tracked companies, and the numbers make a strong case that this sector's still attracting serious capital. Seven unicorns have cleared the threshold, with Devoted Health leading the directory at $2.3B raised and Judi Health not far behind at $593M. According to IMARC Group, the global market sits around $59.9B and is forecast to reach $91.7B by 2027, compounding at roughly 6.3% annually, driven by outsourcing pressure and the enforcement of stricter healthcare regulations. That regulatory tailwind alone is keeping payers on their toes.

So what does the revenue picture actually tell you? A combined pool of roughly $38.6B across six filers is impressive on paper, but Express Scripts Holding Co. owns the lion's share at $25.6B, and its net income of $1.1B runs 54x the sector median of $20M. That kind of concentration is worth watching. Median revenue growth sits at just 1% YoY, which I'd read as a maturing infrastructure layer, not a stalling one. App installs across healthcare-adjacent categories are up a median of 16% YoY across 53 tracked apps, and active backers like Echo Health Ventures and Y Combinator are still writing checks. The floor here is high.

Sources & further reading
  • ResearchAndMarkets.com

Ranked: Best Healthcare Payer Tech companies in United States

#CompanyDisclosed fundingLast roundEmployeesFounderTech stackWeb popularityPatents & IP focusRecent signals
1Anthem
Provider of health benefits management software for patients and enterprises
$2.5B81 mo ago51,500Gail Boudreaux
CEO & President
—Top 10M15 patents
AI-powered healthcare analytics and voice-enabled virtual assistant platforms for personal data access
—
2Devoted Health 🦄
Provider of healthcare insurance plans for individuals
87Funding top 10%Tech top 20%Moat top 20%Market top 25%
All 11 signals ▾
Fundingtop 10%
Techtop 20%
Moattop 20%
Markettop 25%
Producttop 27%
Talenttop 28%
Growthtop 32%
Innovationtop 33%
Customersbottom 45%
Globalbottom 39%
Newsbottom 18%
Funding: Raised $2.3B across 9 rounds · 9 rounds over 9 yrs (1.0/yr)
Tech: 37 technologies across 7/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3
rank vs industry peers · Fliar Intelligence Index 87/100
$2.3B4 mo ago1,841
1,841 → 2,197 (+19%) · sector median +20%
Todd Park
Co-Founder
PrismicApple iCloud MailYouTube+22Top 500k——
3Inovalon
Cloud-based data analytics platform for providers and payers
$1.2B97 mo ago13—WordPressApple iCloud MailMySQL+49Top 5M10 patents
Real-time, cloud-based patient data analytics and medication fulfillment platforms.
1 partnership · 3 awards
4Clover Health 🦄
Provider of medicare advantage plans and related services
$938M88 mo ago562
562 → 751 (+34%) · sector median +20%
Vivek Garipalli
Co-Founder
DrupalApple iCloud MailPHP+27Top 500k——
5Judi Health
Unified pharmacy and medical benefit management solutions for healthcare ecosystem
69Funding top 13%Product top 32%Talent top 38%AI top 45%
All 7 signals ▾
Fundingtop 13%
Producttop 32%
Talenttop 38%
AItop 45%
Techtop 49%
Globalbottom 48%
Customersbottom 22%
Funding: Raised $593M across 7 rounds · 7 rounds over 7 yrs (1.0/yr)
Product: 1 published app (44.5k installs) · Company stage: Series F
rank vs industry peers · Fliar Intelligence Index 69/100
$593M10 mo ago—Anthony Loiacono
Co-Founder & CEO
WebflowSentryWistia+18Top 5M——
6Innovaccer 🦄
Developer of healthcare data platforms and artificial intelligence agent software
93Funding top 23%Tech top 25%AI top 25%Moat top 25%
All 13 signals ▾
Fundingtop 23%
Techtop 25%
AItop 25%
Moattop 25%
Markettop 26%
Fin. healthtop 28%
Talenttop 28%
Innovationtop 29%
Patentstop 32%
Growthtop 33%
Producttop 38%
Globaltop 42%
Newsbottom 24%
Funding: Raised $379M across 8 rounds · 8 rounds over 11 yrs (0.7/yr)
Tech: 43 technologies across 6/8 capability areas · Cloud: Amazon S3, Amazon Ses
rank vs industry peers · Fliar Intelligence Index 93/100
$379M17 mo ago1,003
1,003 → 1,712 (+71%) · sector median +20%
Abhinav Shashank
Co-Founder & CEO
WebflowGSAPNginx+22Top 5M30 patents
Integrating and analyzing de‑identified healthcare data across clouds for clinical decision support
1 partnership
7HealthCare.com 🦄
Online insurance comparison platform for health insurances
92Growth top 20%Moat top 26%Tech top 27%Talent top 28%
All 9 signals ▾
Growthtop 20%
Moattop 26%
Techtop 27%
Talenttop 28%
Fundingtop 29%
Markettop 31%
AItop 35%
Globaltop 50%
Newsbottom 22%
Growth: Headcount 90 → 242 (+169%) across vintages
Moat: Editorial + unicorn rating 9/10 · Unicorn
rank vs industry peers · Fliar Intelligence Index 92/100
$211M52 mo ago242Glenn Luk
Co-Founder | Investor | Board Director
Builder.ioNode.jsSalesforce+25Top 500k——
8NationsBenefits
Provider of smart solutions for hearing disabled people
$170M50 mo ago1,000Glenn Parker
Founder & CEO
Apple iCloud MailBootstrapAtlassian Statuspage+19Top 500k16 patents
AI-driven personalized nutrition recommendation platform using biomarker data
2 launchs · 1 partnership · 1 award
9NirvanaHealth
Developer of payer and pharmacy benefit management platform and services
$110M50 mo ago213Ravi Ika
Founder & CEO
WordPressMySQLPHP+19Top 10M——
10Enlace Health
Provider of data analytics and other IT infrastructure management services
$109M55 mo ago47Bill Nordmark
President & CEO
————
11Chapter 🦄
Digital medicare plan and benefits management tool for employees and individuals
64Funding top 18%Tech top 26%Moat top 26%Market top 42%
All 8 signals ▾
Fundingtop 18%
Techtop 26%
Moattop 26%
Markettop 42%
Growthtop 48%
Talentbottom 49%
Globalbottom 36%
Newsbottom 34%
Funding: Raised $109M across 6 rounds · 6 rounds over 13 yrs (0.5/yr)
Tech: 48 technologies across 5/8 capability areas · Cloud: Amazon S3, Amazon Web Services
rank vs industry peers · Fliar Intelligence Index 64/100
$109M2 mo ago91Cobi Gantz
Co-Founder & CEO
DatoCMSTurbopackNode.js+22Top 1M——
12Cohere Health
Provider of prior authorization solutions to improve patient care
62Funding top 24%Moat top 31%Tech top 38%Market top 39%
All 8 signals ▾
Fundingtop 24%
Moattop 31%
Techtop 38%
Markettop 39%
Growthtop 45%
Talentbottom 49%
Globalbottom 36%
Newsbottom 18%
Funding: Raised $106M across 3 rounds · 3 rounds over 6 yrs (0.5/yr)
Moat: Editorial + unicorn rating 8/10 · Soonicorn
rank vs industry peers · Fliar Intelligence Index 62/100
$106M13 mo ago570Siva Namasivayam
Chief Executive Officer
WebflowApple iCloud MailGoogle Workspace+25Top 1M——
13Rialtic
Payment solutions for healthcare sectors
$81M34 mo ago61Doug Williams
Founder & CEO
WebflowjQueryHSTS+10Top 50M——
14Wellthy
Online platform to guide families and patients with long term health conditions
$80M37 mo ago124Lindsay Jurist-Rosner
Co-Founder & CEO
WebflowSentryZendesk+24Top 5M—1 partnership
15Truveris
Pharmacy cost containment company dedicated to reducing pharmacy costs and driving transparency for employers…
$69M25 mo ago156
156 → 92 (-41%) · sector median +20%
—WordPressMySQLPHP+29Top 10M17 patents
Pharmacy claims reimbursement and health data exchange platform infrastructure
—
16Prognos Health
Provider of AI-based data sharing platform for clinics
$67M37 mo ago50
50 → 56 (+12%) · sector median +20%
Jason Bhan
Co-Founder & CMO
HubSpot CMS HubAmazon Web Servicescore-js+12Top 50M——
17Ribbon Health
Provider of predictive data analytics platform for healthcare providers
$59M55 mo ago80Nate Fox
Co-Founder
Google Mapsstyled-componentsReact+13Top 50M——
18Transparent Health Marketplace
Provider of online marketplace for connecting payors and providers
$57M37 mo ago47
47 → 36 (-23%) · sector median +20%
Eric Hanson
Founder
———1 partnership
19Lirio
Provider of an AI-based patient engagement and health management software for payers and doctors
62Funding top 22%AI top 30%Moat top 36%Growth top 40%
All 9 signals ▾
Fundingtop 22%
AItop 30%
Moattop 36%
Growthtop 40%
Techtop 44%
Newsbottom 47%
Marketbottom 46%
Talentbottom 41%
Globalbottom 37%
Funding: Raised $54.4M across 10 rounds · 10 rounds over 7 yrs (1.4/yr)
AI: Classified as an AI company · Product described with: ai-based
rank vs industry peers · Fliar Intelligence Index 62/100
$54M1 mo ago94
94 → 113 (+20%) · sector median +20%
Michael West
Chairman and CEO
WordPressApple iCloud MailMicrosoft 365+33Top 10M——
20Avalon Healthcare Solutions
Laboratory benefits management platform for physicians, patients, and payers
35Funding top 26%Growth top 35%Tech top 45%News bottom 36%
All 6 signals ▾
Fundingtop 26%
Growthtop 35%
Techtop 45%
Newsbottom 36%
Globalbottom 32%
Marketbottom 20%
Funding: Raised $45.8M across 2 rounds · 2 rounds over 10 yrs (0.2/yr)
Growth: Fresh capital in last 24 mo
rank vs industry peers · Fliar Intelligence Index 35/100
$46M5 mo ago7—WordPressMySQLPHP+27Top 10M——
21Sempre Health
Usage based health insurance
$46M33 mo ago36
36 → 27 (-25%) · sector median +20%
Swaraj Banerjee
Co-founder & CTO
WordPressApple iCloud MailGoogle Workspace+27Top 10M——
22Future Family
Provider of fertility financing, coaching, and support services
64Tech top 25%Funding top 28%Product top 30%Innovation top 33%
All 10 signals ▾
Techtop 25%
Fundingtop 28%
Producttop 30%
Innovationtop 33%
Growthtop 35%
Newstop 39%
Moattop 39%
Talenttop 49%
Marketbottom 39%
Globalbottom 39%
Tech: 51 technologies across 5/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3
Funding: Raised $45.4M across 5 rounds · 5 rounds over 8 yrs (0.6/yr)
rank vs industry peers · Fliar Intelligence Index 64/100
$45M14 mo ago33
33 → 53 (+61%) · sector median +20%
Claire Tomkins
Chief Executive Officer
SentryApple iCloud MailGoogle Workspace+29Top 5M——
23PurpleLab
Healthcare analytics solutions for healthcare stakeholders
$43M45 mo ago27Mark Brosso
Founder & CEO
WordPressApple iCloud MailGoogle Workspace+33Top 5M—1 launch
24Soda Health
Provider of health benefit management solutions using a retail network
$40M19 mo ago46Chris Brown
Co-Founder
———1 partnership
25Alaffia
Provider of AI-powered platform for healthcare claims management and review
57Funding top 26%AI top 45%Talent bottom 49%Global bottom 25%
All 4 signals ▾
Fundingtop 26%
AItop 45%
Talentbottom 49%
Globalbottom 25%
Funding: Raised $40.0M across 1 rounds · 1 rounds over 1 yrs (1.0/yr)
AI: Product described with: ai-powered
rank vs industry peers · Fliar Intelligence Index 57/100
$40M6 mo ago—Adun Akanni
Co-Founder & COO
———2 partnerships
26Digital Owl
Provider of AI platform for medical data analysis and insights
$39M29 mo ago7Amit Man
Founder & Cto
WebflowApple iCloud MailGoogle Workspace+24Top 5M—1 launch
27Vi
Provider of AI SaaS platform for health outcome and financial returns
$36M24 mo ago26Omri Yoffe
Founder & CEO
WordPressApple iCloud MailGoogle Workspace+22Top 5M——
28Waltz Health
AI-based medical prescription cost management tool for payers and consumers
$35M18 mo ago32
32 → 39 (+22%) · sector median +20%
Jonathon Thierer
Co-Founder and Senior Vice President of Product
MUIAzure Front DoorReact+9Top 50M——
29SamaCare
Provider of platform to manage prior authorisation solutions
$35M24 mo ago34
34 → 50 (+47%) · sector median +20%
Syam Palakurthy
Co-Founder & CEO
TypeScriptGraphQLMUI+19Top 5M——
30Arrive Health
Provider of information services to patients
$34M41 mo ago65
65 → 43 (-34%) · sector median +20%
Kyle Kiser
Chief Executive Officer
WordPressSanityApple iCloud Mail+26Top 50M——
31Free Market Health
Digital medication cost analysis and management tool for payers and pharmacies
$34M31 mo ago46Joe Cardosi
Founder & CEO
———2 partnerships
32Camber
Provider of healthcare reimbursement system for healthcare clinics and families
$30M15 mo ago—Christophe Rimann
Co-Founder
SanityNode.jsTailwind CSS+23Top 5M2 patents
Cyber‑security attack simulation tools and advanced image rendering technologies
—
33Codoxo
AI-based platform for employee and individual healthcare planning
45Funding top 25%Moat top 41%AI top 45%Patents bottom 49%
All 9 signals ▾
Fundingtop 25%
Moattop 41%
AItop 45%
Patentsbottom 49%
Marketbottom 46%
Innovationbottom 45%
Growthbottom 42%
Globalbottom 36%
Newsbottom 26%
Funding: Raised $30.0M across 5 rounds · 5 rounds over 9 yrs (0.6/yr)
Moat: Editorial + unicorn rating 7/10 · IP moat: 3 patents
rank vs industry peers · Fliar Intelligence Index 45/100
$30M6 mo ago60———3 patents
AI-driven healthcare claim validation and provider specialty prediction systems
1 job opening
34HealthHelp
Provider of AI-enabled utilization management for health plans and providers
45Funding top 29%Growth top 32%Market top 45%Tech bottom 48%
All 9 signals ▾
Fundingtop 29%
Growthtop 32%
Markettop 45%
Techbottom 48%
Moatbottom 42%
Globalbottom 37%
Patentsbottom 33%
Innovationbottom 25%
Newsbottom 22%
Funding: Raised $30.0M across 15 rounds · 15 rounds over 25 yrs (0.6/yr)
Growth: Headcount 330 → 426 (+29%) across vintages · Fresh capital in last 24 mo
rank vs industry peers · Fliar Intelligence Index 45/100
$30M12 mo ago426
426 → 363 (-15%) · sector median +20%
—WordPressMySQLPHP+23Top 10M3 patents
Clinical decision support systems for procedure approval and diagnostic concordance
—
35MDI
AI-based medication management tool for healthcare professionals
$27M40 mo ago40Avishai Tovim
Co-Founder & CEO
WordPressMySQLPHP+21Top 50M6 patents
Software for health services claims adjudication, scheduling, and patient treatment tracking
—
36Alaffia Health
AI platform for healthcare claims management and automation
48AI top 30%News top 34%Funding top 36%Talent top 38%
All 7 signals ▾
AItop 30%
Newstop 34%
Fundingtop 36%
Talenttop 38%
Moattop 39%
Globalbottom 37%
Marketbottom 34%
AI: Classified as an AI company · Product described with: ai-powered
News: 3 BI events in 12 mo (of 10 tracked, 3 types) · Top themes: Funding
rank vs industry peers · Fliar Intelligence Index 48/100
$18M4 mo ago22Adun Akanni
Co-Founder & COO
————
37GroundGame
A community platform that provides healthcare services through a closed-loop technology
35Funding top 37%Tech top 44%Growth top 45%Talent bottom 49%
All 6 signals ▾
Fundingtop 37%
Techtop 44%
Growthtop 45%
Talentbottom 49%
Marketbottom 29%
Globalbottom 29%
Funding: Raised $17.0M across 2 rounds · 2 rounds over 2 yrs (1.0/yr)
Tech: 26 technologies across 4/8 capability areas · Cloud: Cloudflare
rank vs industry peers · Fliar Intelligence Index 35/100
$17M11 mo ago—Susan Molina
Co-Founder & CEO
WebflowVimeocore-js+16Top 10M——
38SonarMD
Cloud-based care management solutions for chronic conditions
48Funding top 32%Growth top 35%Talent top 38%Tech top 39%
All 7 signals ▾
Fundingtop 32%
Growthtop 35%
Talenttop 38%
Techtop 39%
Producttop 46%
Marketbottom 30%
Globalbottom 29%
Funding: Raised $14.3M across 5 rounds · 5 rounds over 8 yrs (0.6/yr)
Growth: Fresh capital in last 24 mo
rank vs industry peers · Fliar Intelligence Index 48/100
$14M3 mo ago25Lawrence Kosinski
Founder at SonarMD
WordPressApple iCloud MailMicrosoft 365+21Top 50M——
39CoverSelf
Provider of a healthcare payment integrity platform
$14M31 mo ago70
70 → 104 (+49%) · sector median +20%
Rajasekhar Maddireddy
Co-Founder
WebflowAmazon Web ServicesHubSpot+17Top 10M4 patents
Domain-specific claim processing software for insurance underwriting and risk assessment
2 job openings
40Red Sky Health
AI-powered platform to fix denied health insurance claims
$6M17 mo ago—Dean Margolis
Co-Founder and CEO
Cart FunctionalitySquarespace CommerceSquarespace+19Top 10M——
41Onos Health
Provider of a behavioral health platform for payers
$6M14 mo ago—Akshay Agrawal
Co-Founder & CEO
————
42Siftwell
AI-based data-driven solutions for healthcare payors
$6M8 mo ago6Eben Esterhuizen
Co-Founder & CTO
————
43Itiliti Health
Cloud-based prior authorization documentation and management tools for payers
$5M17 mo ago10Michael Lunzer
Co-Founder & CEO
————
44Axle Health
Patients in home health care management services for providers and payers
$4M12 mo ago7Adam Stansell
Co-Founder & CTO
SentryMUIReact+12Top 5M——
45Trek Health
Cloud-based insurance workflow management tool
$3M13 mo ago11Dilpreet Sahota
Founder & CEO
————
46CoverRight
Online platform for insurance comparison
$2M10 mo ago10Thomas Ness
Co-founder & Chief Operating Officer
SentryTypeScriptGraphQL+28Top 5M—2 partnerships
47HealthPlan Data Solutions
Pharmacy benefits and analytics company
$2M14 mo ago31
31 → 41 (+32%) · sector median +20%
Ron Hamm
Chief Executive Officer and Board Member
————
48MiCare Path
Cloud-based health management tool for payers and providers
$1M6 mo ago25Brian Childress
Co-Founder
WordPressMySQLPHP+19Top 50M—1 internship
49DentalHQ
Online dental insurance platform for individuals and businesses
$835K14 mo ago17Brett Wells
Founder
WordPressShowitMySQL+26Top 5M——
50Amera Health Solutions
Provider of AI-powered platform automating medical claims processing and workflows
$500K8 mo ago—Deep Kapur
Co-Founder
————

Top 12 Healthcare Payer Tech companies in United States

#1
Series F · Eagan, Minnesota · founded 2017 · 1841 employees
$2.3Braised
▾

Provider of healthcare insurance plans for individuals. It offers medicare plans and insurance benefits for various healthcare services with benefits and savings, including dental and over-the-counter benefits. It also offers plans for doctor visit, dental and vision protection, hospitals treatment coverage, and more. Also offers insurance comparison guide devoted to health.

Fliar Intelligence Index™ 87how this company ranks against its industry peers
Funding
top 10%
Tech
top 20%
Moat
top 20%
Market
top 25%
Product
top 27%
Talent
top 28%
Funding: Raised $2.3B across 9 rounds · 9 rounds over 9 yrs (1.0/yr) · Last round Series F (Jan 2026)
Tech: 37 technologies across 7/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 · Devops: Nginx
Moat: Editorial + unicorn rating 10/10 · Decacorn · 9 curated direct competitors tracked
Audience (LinkedIn): 64k LinkedIn followers — 7.0% of this cohort's audience
Hiring (LinkedIn): 3 hiring posts in 12 mo (public) · hiring: Preventative Primary Care APP, NPs/PAs
Activity (LinkedIn): 3 awards announced in 12 mo
Funding rounds
  • Jan 2026Series F$317M
  • Nov 2025Series F$48M
  • Aug 2024Series E$112M
  • Dec 2023Series E$175M
Founders & team
Todd ParkCo-FounderEd ParkCo-Founder & Co-CEOSuad HashiCo-CEO
Investors
Andreessen Horowitz, Uprising Capital, F-Prime Capital, Venrock, Obvious Ventures, Cox Enterprises
Tech stack
Amazon CloudfrontAmazon S3Amazon Web ServicesAnt DesignApolloApple Icloud Mail
#2
Chapter 🦄
Series E · New York City, New York · founded 2013 · 91 employees
$109Mraised
▾

Digital medicare plan and benefits management tool for employees and individuals. The company has developed a platform that enables users to compare and calculate different insurance plans. It has features for personalizing plans and financial saving calculators as well.

Fliar Intelligence Index™ 64how this company ranks against its industry peers
Funding
top 18%
Tech
top 26%
Moat
top 26%
Market
top 42%
Growth
top 48%
Talent
bottom 49%
Funding: Raised $109M across 6 rounds · 6 rounds over 13 yrs (0.5/yr) · Last round Series E (Apr 2026)
Tech: 48 technologies across 5/8 capability areas · Cloud: Amazon S3, Amazon Web Services · Observability: Datadog, Fullstory
Moat: Editorial + unicorn rating 8/10 · Unicorn · 10 curated direct competitors tracked
Audience (LinkedIn): 10k LinkedIn followers · 94 engagements/post (9.6× cohort median)
Funding rounds
  • Apr 2026Series E$100M
  • Apr 2025Series D$75M
  • May 2024Series C$50M
  • Jan 2022Series B$42M
Founders & team
Cobi GantzCo-Founder & CEOCorey MetzmanCo-Founder
Investors
Techstars, XYZ Venture Capital, Narya, Addition, Susa Ventures, Maverick Ventures
Tech stack
CloudflareCloudflare Rocket LoaderCore-JsDatadogDatocmsExpress
#3
Series C · Knoxville, Tennessee · founded 2017 · 94 employees
$54.4Mraised
▾

Provider of an AI-based patient engagement and health management software for payers and doctors. The platform adapts to clinical history and social context, automating personalized communications. It facilitates engagement and navigation, aiming to close care gaps. The platform supports individualized healthcare experiences through dynamic communications. It helps individuals enroll, engage, and navigate the healthcare journeys.

Fliar Intelligence Index™ 62how this company ranks against its industry peers
Funding
top 22%
AI
top 30%
Moat
top 36%
Growth
top 40%
Tech
top 44%
News
bottom 47%
Funding: Raised $54.4M across 10 rounds · 10 rounds over 7 yrs (1.4/yr) · Last round Series C (Apr 2026)
AI: Classified as an AI company · Product described with: ai-based
Moat: Editorial + unicorn rating 7/10 · Soonicorn · 10 curated direct competitors tracked
Audience (LinkedIn): 9k LinkedIn followers
Funding rounds
  • Apr 2026Series C$1.6M
  • Sep 2023Series C$27M
  • Jul 2022Series B$3M
  • May 2022Series B$14.4M
Founders & team
Michael WestChairman and CEO
Investors
Hambrecht Capital, Fine Day Ventures, Cone Health Ventures
Tech stack
Amazon S3Amazon Web ServicesApple Icloud MailCdnjsCloudflareCloudflare Bot Management
#4
Series F · New York City, New York · founded 2017
$592.9Mraised
▾

Unified pharmacy and medical benefit management solutions for healthcare ecosystem. The company offers full-service health benefit management and pharmacy benefit management solutions, enhanced by an AI-powered enterprise health platform. It provides pharmacy and medical care navigation, along with unbundled and level-funded pharmacy benefit management options. The company's technology includes an AI-powered enterprise health platform and a Medicare prescription payment plan. It serves employers, health plans, brokers, consultants, providers, and members. The company focuses on transparent pharmacy benefit management, full-service health benefit management, and an enterprise health platform for health plans. It aims to simplify, connect, and bring transparency to health benefits administration. The company's platform unifies all pharmacy operations, offering a flexible and financially aligned health benefit administration experience. It delivers cost-effective unified health benefits administration solutions across pharmacy, medical, vision, and dental benefit programs. The company's AI-powered care navigation solution helps plan members find care, book appointments, and understand

Fliar Intelligence Index™ 69how this company ranks against its industry peers
Funding
top 13%
Product
top 32%
Talent
top 38%
AI
top 45%
Tech
top 49%
Global
bottom 48%
Funding: Raised $593M across 7 rounds · 7 rounds over 7 yrs (1.0/yr) · Last round Series F (Aug 2025)
Product: 1 published app (44.5k installs) · Company stage: Series F
Talent: 2 named leaders on record · 2 C-suite/founder profiles curated
Funding rounds
  • Aug 2025Series F$252M
  • Mar 2024Series D$115M
  • Oct 2023Series C$50M
  • May 2022Series C$106M
Founders & team
Anthony LoiaconoCo-Founder & CEORyan KellyCo-Founder & CTO
Investors
Edison Partners, Emerald Development Managers, Transformation Capital, B Capital, General Catalyst, Atlantic Health System
Tech stack
6SenseAccessibeCloudflareCloudflare Bot ManagementGoogle AnalyticsGoogle Tag Manager
#5
Series C · Tampa, Florida · founded 2013 · 7 employees
$45.8Mraised
▾

Avalon Health Solutions, a portfolio company of Francisco Partners offers laboratory benefits management platform for physicians, patients, and payers. Uses evidence-based medicine to develop and deploy policies and manage a national network of providers in the complex lab environment. The platform provides solutions for rules-based claim edits and cost containment, lab service change management, and report carding, and peer benchmarking, as well as for fraud, waste, and abuse.

Fliar Intelligence Index™ 35how this company ranks against its industry peers
Funding
top 26%
Growth
top 35%
Tech
top 45%
News
bottom 36%
Global
bottom 32%
Market
bottom 20%
Funding: Raised $45.8M across 2 rounds · 2 rounds over 10 yrs (0.2/yr) · Last round Series C (Jan 2026)
Growth: Fresh capital in last 24 mo
Tech: 40 technologies across 3/8 capability areas · Cloud: Amazon Ses, Amazon Web Services · Security: Cloudflare Bot Management, Hsts
Audience (LinkedIn): 7k LinkedIn followers
Funding rounds
  • Jan 2026Series C—
  • Jun 2018Series C$16.5M
  • Jun 2018Series C—
  • Feb 2017Series C$29.3M
Investors
Francisco Partners, Health Care Service Corporation, Mosaic Health Solutions, South Carolina Blues, WindRose Health Investors, Echo Health Ventures
Tech stack
Amazon SesAmazon Web ServicesApache Http ServerAws Certificate ManagerCloudflareCloudflare Bot Management
#6
Series C · Atlanta, Georgia · founded 2016 · 60 employees
$30Mraised
▾

AI-based platform for employee and individual healthcare planning. It analyzes claims data, detects practices that intentionally or unintentionally waste money, and builds connections across data to provide actionable insights. It analyzes all types of professional, facility, pharmacy, behavioral, dental, and workers claims.

Fliar Intelligence Index™ 45how this company ranks against its industry peers
Funding
top 25%
Moat
top 41%
AI
top 45%
Patents
bottom 49%
Market
bottom 46%
Innovation
bottom 45%
Funding: Raised $30.0M across 5 rounds · 5 rounds over 9 yrs (0.6/yr) · Last round Series C (Dec 2025)
Moat: Editorial + unicorn rating 7/10 · IP moat: 3 patents · 9 curated direct competitors tracked
AI: Product described with: ai-based
Audience (LinkedIn): 6k LinkedIn followers
Hiring (LinkedIn): 1 hiring post in 12 mo (public) · hiring: SIU & Payment Integrity AI Analyst
Funding rounds
  • Dec 2025Series C$35M
  • Feb 2022Series B$21M
  • Jun 2020Series A$7M
  • Jun 2018Seed$475K
Investors
QED Investors, Brewer Lane Ventures, GRA Venture Fund, Spider Capital, Mosley Ventures, TechSquare Labs
#7
Series B · Chicago, Illinois · founded 2009 · 25 employees
$14.3Mraised
▾

Cloud-based care management solutions for chronic conditions. It offers a care coordination program that proactively connects patients with care teams in real time and provides wrap-around services to help patients manage their individual health needs. Their platform collects patient health data through surveys and analyzes it to track the status of improvement. They generate scores from the survey and send alerts to doctors.

Fliar Intelligence Index™ 48how this company ranks against its industry peers
Funding
top 32%
Growth
top 35%
Talent
top 38%
Tech
top 39%
Product
top 46%
Market
bottom 30%
Funding: Raised $14.3M across 5 rounds · 5 rounds over 8 yrs (0.6/yr) · Last round Series B (Feb 2026)
Growth: Fresh capital in last 24 mo
Talent: 2 named leaders on record · 2 C-suite/founder profiles curated
Audience (LinkedIn): 2k LinkedIn followers
Funding rounds
  • Feb 2026Series B$3M
  • Dec 2024Series A$2.2M
  • Jul 2024Conventional Debt$1M
  • May 2023Series A$4.3M
Founders & team
Lawrence KosinskiFounder at SonarMDTracey PowellCo-Founder
Investors
Arboretum Ventures, BVF, KohFounders, Nueterra Capital, Blue Hour Ventures, Actions Capital
Tech stack
Apple Icloud MailCloudflareCloudflare Bot ManagementCore-JsElementorEmotion
#8
Series B · New York City, New York · founded 2020 · 22 employees
$17.6Mraised
▾

AI platform for healthcare claims management and automation. It offers AI-powered agents designed to enhance clinician productivity and streamline claims processing. It provides tools for pre-processing claims, intelligent routing, and clinical reasoning. The platform integrates with existing technology and adheres to security standards. It serves payment integrity, utilization management, and appeals teams.

Fliar Intelligence Index™ 48how this company ranks against its industry peers
AI
top 30%
News
top 34%
Funding
top 36%
Talent
top 38%
Moat
top 39%
Global
bottom 37%
AI: Classified as an AI company · Product described with: ai-powered
News: 3 BI events in 12 mo (of 10 tracked, 3 types) · Top themes: Funding
Funding: Raised $17.6M across 4 rounds · 4 rounds over 6 yrs (0.7/yr) · Last round Series B (Feb 2026)
Funding rounds
  • Feb 2026Series B$55M
  • Mar 2024Series A$10.9M
  • Feb 2022Seed$5M
  • Jul 2020Seed$100K
Founders & team
Adun AkanniCo-Founder & COOT AdemiluyiCo-Founder & CEO
Investors
Anthemis Group, 1984 Ventures, Aperture Venture Capital, Tau Ventures, Plug and Play Tech Center, Entrepreneurs Roundtable Accelerator
#9
Series F · San Francisco, California · founded 2014 · 1003 employees
$378.6Mraised
▾

Developer of healthcare data platforms and artificial intelligence agent software. This technology unifies clinical, operational, and financial information from disparate systems to support decision-making. The platform provides tools for population health management, revenue cycle automation, and quality performance tracking. It enables the deployment of automated assistants to streamline administrative workflows, manage patient outreach, and facilitate care coordination across various healthcare settings. The system integrates non-electronic health record data to improve documentation accuracy and support value-based care initiatives.

Fliar Intelligence Index™ 93how this company ranks against its industry peers
Funding
top 23%
Tech
top 25%
AI
top 25%
Moat
top 25%
Market
top 26%
Fin. health
top 28%
Funding: Raised $379M across 8 rounds · 8 rounds over 11 yrs (0.7/yr) · Last round Series F (Jan 2025)
Tech: 43 technologies across 6/8 capability areas · Cloud: Amazon S3, Amazon Ses · Devops: Nginx
AI: Classified as an AI company · Holds AI/ML patents (G06N-family CPC) · Product described with: artificial intelligence
Audience (LinkedIn): 258k LinkedIn followers — 28.1% of this cohort's audience
Activity (LinkedIn): 1 partnerships (incl. Innovaccer) announced in 12 mo
Funding rounds
  • Jan 2025Series F$178.8M
  • Dec 2021Series E$150M
  • Feb 2021Series D$105M
  • Sep 2019Series C$70M
Founders & team
Abhinav ShashankCo-Founder & CEOSandeep GuptaCo-FounderKanav HasijaCo-Founder
Investors
M12, Dragoneer Investment Group, Steadview, Schonfeld, Whale Rock Capital Management, Tiger Global Management
Tech stack
Amazon S3Amazon SesAmazon Web ServicesBabelBootstrapCalendly
#10
Series C · New York City, New York · founded 2020
$40Mraised
▾

Provider of AI-powered platform for healthcare claims management and review. The platform streamlines medical claim reviews, enhances clinician productivity, and eliminates administrative waste. It offers AI agents that incorporate plan-specific data, policies, and workflows. The platform prioritizes claims for review, provides clinical reasoning, and allows for human validation.

Fliar Intelligence Index™ 57how this company ranks against its industry peers
Funding
top 26%
AI
top 45%
Talent
bottom 49%
Global
bottom 25%
Funding: Raised $40.0M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) · Last round Series C (Nov 2025)
AI: Product described with: ai-powered
Talent: 1 named leader on record · 1 C-suite/founder profile curated
Audience (LinkedIn): 14k LinkedIn followers
Activity (LinkedIn): 2 partnerships (incl. Alaffia) announced in 12 mo
Funding rounds
  • Nov 2025Series C$40M
Founders & team
Adun AkanniCo-Founder & COO
#11
Series C · Boston, Massachusetts · founded 2019 · 570 employees
$106Mraised
▾

Provider of prior authorization solutions to improve patient care. The company's solutions include Cohere Unify, Cohere Complete, and Cohere Platform that aim to streamline the prior authorization process and improve care access and quality outcomes.

Fliar Intelligence Index™ 62how this company ranks against its industry peers
Funding
top 24%
Moat
top 31%
Tech
top 38%
Market
top 39%
Growth
top 45%
Talent
bottom 49%
Funding: Raised $106M across 3 rounds · 3 rounds over 6 yrs (0.5/yr) · Last round Series C (May 2025)
Moat: Editorial + unicorn rating 8/10 · Soonicorn · 9 curated direct competitors tracked
Tech: 36 technologies across 6/8 capability areas · Cloud: Amazon Web Services, Cloudflare · Devops: Nginx
Audience (LinkedIn): 179k LinkedIn followers — 19.5% of this cohort's audience
Funding rounds
  • May 2025Series C$90M
  • Feb 2024Series B$50M
  • Jul 2020Series A$10M
Founders & team
Siva NamasivayamChief Executive Officer
Investors
Flare Capital Partners, Define Ventures, Deerfield, Longitude Capital, Polaris Partners, Temasek
Tech stack
AdrollAdroll Cmp SystemApple Icloud MailCloudflareCloudflare Bot ManagementCore-Js
#12
Acquired · Houston, Texas · founded 1996 · 426 employees
$30Mraised
▾

Provider of AI-enabled utilization management for health plans and providers. It offers a platform that optimizes the utilization management process through AI and collaborative care models. The platform facilitates clinical decision support, flexible intake via portal, fax, and phone, EMR connectivity, and trend analytics. It focuses on specialty programs including cardiology, oncology, musculoskeletal, genetic testing, radiology, sleep therapy, and surgical management. The company aims to strengthen provider relationships and ensure optimal patient outcomes.

Fliar Intelligence Index™ 45how this company ranks against its industry peers
Funding
top 29%
Growth
top 32%
Market
top 45%
Tech
bottom 48%
Moat
bottom 42%
Global
bottom 37%
Funding: Raised $30.0M across 15 rounds · 15 rounds over 25 yrs (0.6/yr) · Last round Grant (prize money) (2025)
Growth: Headcount 330 → 426 (+29%) across vintages · Fresh capital in last 24 mo
Market: 426 employees (top 10% of HealthTech) · Top-10,000,000 web property
Audience (LinkedIn): 14k LinkedIn followers
Funding rounds
  • 2025Grant (prize money)$2.1M
  • 2024Grant (prize money)$5.6M
  • 2023Grant (prize money)$5.3M
  • 2022Grant (prize money)$4.9M
Investors
Fayez Sarofim, Walden International, EW Healthcare Partners, HRSA, HHS, WindRose Health Investors
Tech stack
AddtoanyAddtoany Share ButtonsAll In One SeoAmazon Web ServicesApache Http ServerContact Form 7

Funding & investor landscape

$11.9Btotal disclosed funding
151companies funded
415disclosed rounds
2rounds last 90 days
Most active investors
HHS10 rounds
Oxeon Partners10 rounds
BVF7 rounds
Echo Health Ventures7 rounds
Y Combinator7 rounds
Edison Partners5 rounds
F-Prime Capital5 rounds
HLM Venture Partners5 rounds
Oak HC/FT5 rounds
Plug and Play Tech Center5 rounds

Notable founders

Todd Park
Co-Founder · Devoted Health
Ed Park
Co-Founder & Co-CEO · Devoted Health
Cobi Gantz
Co-Founder & CEO · Chapter
Corey Metzman
Co-Founder · Chapter
Michael West
Chairman and CEO · Lirio
Anthony Loiacono
Co-Founder & CEO · Judi Health
Ryan Kelly
Co-Founder & CTO · Judi Health
Lawrence Kosinski
Founder at SonarMD · SonarMD
Tracey Powell
Co-Founder · SonarMD
Adun Akanni
Co-Founder & COO · Alaffia Health
T Ademiluyi
Co-Founder & CEO · Alaffia Health
Abhinav Shashank
Co-Founder & CEO · Innovaccer
Prism market signals · United States · country-scoped Prism corpus, 19,323,095 docs

Market landscape — 10 sub-themes by coverage

Share of Healthcare Payer Tech coverage by sub-theme.

Regulatory-risk over time rising

Funding & growth over time

funding rising · growth rising

Common questions

How many Healthcare Payer Tech companies are there in United States?
Radar tracks 441 indexable Healthcare Payer Tech companies headquartered in United States that meet our profile-completeness bar.
What is the total funding raised by Healthcare Payer Tech companies in United States?
The Healthcare Payer Tech companies in United States on this list have raised a combined $11.9B in disclosed equity funding across 151 funded companies.
Which is the highest-funded Healthcare Payer Tech company in United States?
Anthem is the highest-funded Healthcare Payer Tech company in United States, with $2.5B in disclosed equity funding.
How many Healthcare Payer Tech companies in United States are funded?
151 of the 441 Healthcare Payer Tech companies in United States on this list have disclosed at least one equity funding round.
How many Healthcare Payer Tech unicorns are there in United States?
7 Healthcare Payer Tech companies in United States on this list are valued at $1B or more.
Who are the top investors in United States Healthcare Payer Tech companies?
The most active investors in United States Healthcare Payer Tech companies on this list include HHS, Oxeon Partners, BVF, Echo Health Ventures, Y Combinator.
Rohit KhannaTrends & Stories

Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.

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