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Fidelity for Healthcare11-50 Employees
  • B2B
  • Early Stage
    Startup in initial stages
Website
Location
Company size
11-50 people
Total raised
$2.7M
Company type
Startup
Markets
SaaSHealth Care Information TechnologyInsuranceEmployer Benefits Programs
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Fidelity for Healthcare
Benefitter offers companies that provide group health insurance a SaaS solution, built on the Affordable Care Act ("ACA" or "Obamacare"), which lowers their healthcare costs. Using our platform, employers and their workers save money on health insurance by migrating from group to individual plans, providing employees access to better insurance coverage at a total cost that is 20-60% lower for the company and the employees.

The ACA has disrupted health insurance and is financing its replacement with $1.2 trillion over the next decade. As a result, we are at the beginning of a huge transformation in the health insurance industry, one in which 30-50MM people are expected to move from group to individual insurance by 2020. This transition will mirror the shift from pensions to 401(k) plans which began in the 80s. The dislocation will create opportunities for new entrants the way 401(k) plans led to the massive growth of Schwab, Fidelity and Vanguard.
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Chris Dean
Avatar for Chris Dean
CEO Treasury Prime; CTO API Banking at SVB; Founded Merced Systems (sold for $200mm); Hacker; Machine Learning expert; bought my first house by writing Lisp
Rachel Gollub
Avatar for Rachel Gollub
Founder @Benefitter • Worked at @Sun Microsystems on original Java team, @Stanford University digital repository writer• Studied at @California Institute of Technology
CEO/Founder of two startups (first acquired by Aon Hewitt); angel investor for digital health; avid snowboarder; ecstatic father (most days)
Founder @Epocrates, @Benefitter • Worked at @McKesson • MBA @Stanford University, MD @Cornell University University, BA @University of Pennsylvania
Total raised

$2.7M

Funded over

1 round

Latest round

Seed (Feb 2013)

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