Carrum Health Raises $40M to Revolutionize Employer Healthcare
Six years after its launch, Carrum Health has successfully secured $40 million in Series A funding to expand its innovative platform connecting employer-sponsored health plans with top-tier surgical centers. The round was led by Tiger Global Management, with participation from GreatPoint Ventures, Cross Creek, and returning investors Wildcat Venture Partners and SpringRock Ventures.
The Growing Demand for Cost-Effective Healthcare Solutions
As the COVID-19 pandemic highlights systemic inefficiencies in U.S. healthcare, employers are increasingly taking charge of managing employee benefits to curb rising costs. Carrum Health’s model—which leverages machine learning to identify high-performing surgical centers—offers a compelling solution for self-insured employers seeking quality care at reduced expenses.
How Carrum Health Works
- Data-Driven Excellence: Carrum’s platform analyzes surgical outcomes to curate a network of “centers of excellence,” including prestigious institutions like Johns Hopkins, Mayo Clinic, and Tenet Healthcare.
- Bundled Pricing: Employers pay a fixed, transparent fee for procedures—eliminating co-pays, deductibles, and co-insurance for employees.
- 30-Day Warranty: Procedures come with a guarantee, covering any follow-up care due to complications.
- Virtual Support: Employees access pre- and post-operative care via a dedicated mobile app.
The Financial and Operational Impact
Carrum’s model can reduce surgical costs by up to 50%, a game-changer for employers grappling with escalating healthcare expenditures. The new funding will accelerate:
- Expansion of sales and marketing efforts
- Enhancement of its technology platform
- Addition of new healthcare services beyond surgery
Leadership’s Vision
Sach Jain, CEO and founder of Carrum Health, emphasized the company’s mission:
“Redesigning healthcare requires tackling its underlying economics. Our platform empowers employers to deliver better care without financial strain. We’re just getting started—2021 will bring even broader innovations.”
Notable Clients and Future Growth
Current clients include Quest Diagnostics and US Foods, with undisclosed partners in retail, manufacturing, and insurance sectors. As Carrum scales, its focus remains on bridging the gap between cost efficiency and high-quality care—a critical need in today’s healthcare landscape.
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