Health Benefits Enrollment Platform MyHealthMath Raises $3.5 Million

  • MyHealthMath — the creator of a 1st-of-its-variety health and fitness advantages enrollment navigation platform — lately introduced the closing of a $3.5 million Series B round funding.

MyHealthMath — the creator of a first-of-its-kind wellness benefits enrollment navigation system — not too long ago announced the closing of a $3.5 million Series B round funding. This round was led by Jennus Innovation, a Boston-centered startup accelerator, together with other notable investors. And this round builds on seed funding from angel investors, adopted by a major financial investment from Harvard Pilgrim Overall health Treatment in 2020.

Considering that launching in 2016, MyHealthMath advanced into a whole-service wellness added benefits enrollment navigation platform that assists all stakeholders — personnel, businesses, overall health carriers, reward administrators — get the most worth for their health and fitness insurance financial investment. And together with employee prepare alternative assistance, MyHealthMath utilizes a predictive analytics engine to enable companies and carriers predict enrollment decisions and then enhance approach design and pricing to increase benefit for them as nicely as for staff.

Acquiring launched a new interface for buyer determination guidance this tumble, MyHealthMath is now positioned for considerable development with this new round of funding, mentioned Caitlin Forbes, vice president of promoting and strategic partnerships. This funding spherical will go to boosting equally the company’s client and employee-dealing with product or service strains, together with supporting ancillary advantages on the customer aspect and interface enhancements for their predictive analytics engine.

Key Quotations:

“MyHealthMath has disrupted the health benefit enrollment place with its uniquely personalised and data-pushed solution to aiding staff pick their health prepare. Seeing their improved products offerings, revolutionary imagining, and their accomplishment developing organization partnerships, we are confident in MyHealthMath’s ability to continue on to quickly scale and arise as the leading selection support technology in the room.”

— Jennus Chairman and CEO Chris Jenny

“This raise reflects the authentic need for a a lot more extensive approach to ‘decision support’ Strategy preference faults are a highly-priced and challenging dilemma to appropriate: you will need superior purchaser education and help, and buy in from the a lot of stakeholders who influence selection-making… brokers, advantage directors, health carriers, etc. That is why we’re developing up a advantage navigation system that provides benefit to everybody it’s the in depth solution the sector has been lacking, which is actually what is pushed these investment decision dollars.”

— MyHealthMath Founder and CEO Bob Watterson