Collective Health

Collective Health is a cloud-based management system allowing employers to better handle their employee healthcare plans. The platform includes account administration, program management, integrated analytics and a member engagement hub.

Collective Health launched in 2013 after founder Ali Diab experienced a surprise health bill when his insurer refused to cover the majority of an unexpected surgery. He collaborated with his fellow founder, physician and political economist Rajaie Batniji, to create a healthcare solution that would help prevent others go through Ali's situation.

Collective Health report 200,000 members and 45 enterprise clients, including high-profile companies like eBay, Activision, Blizzard and Red Bull (Activision and Blizzard have reported expected savings of around $1m). Collective Health has around 80 integrated health partners on its open platform, and aims to increase this across 2019-2020. According to Linkedin, the company has a team of over 500.

In June 2019 the company announced a new $205m Series E round of funding led by the SoftBank Vision Fund. Collective Health has stated it will use the new funding to accelerate the adoption of its platform across the US, and further develop its technology.

Collective Health raised $280m in Series F funding in May 2021, valuing the company at $1.5bn. The new funds will be used to scale its platform, including expanding its partner ecosystem. Collective Health recently partnered with Health Care Service Corporation, which will see Collective Health offered to all of HCSC's markets, starting from next year.