Optum and Cigna's venture arms participated in a $30 million investment in Flume Health, a digital health plan administration platform, according to a news release shared with Becker's.
The platform prioritizes digital-first health plans, like Firefly Health, which used its platform to launch health plans within six months.
"Flume's focus on simplifying health plan design and management is critical to helping create health plans that truly fit the lifestyle and needs of consumers," said Jon Sklaroff, principal of Optum Ventures. "We believe their health plan administration tool, built on a modern digital architecture, will enable companies to deliver individualized health plans and personalized healthcare at scale."
In addition to the payers, Route 66 Ventures, Accomplice, Founder Collective, Primary Venture Partners and ERA’s Remarkable Ventures Fund also contributed to the investment.