Flume is a company that is truly attacking the core issues of how healthcare is delivered and managed,” said Ann Joo Kim, chief operating officer of Flume. “I’ve always been passionate about healthcare and inspired to enact meaningful change in the system.
These companies are increasingly crippled with de facto annual premium increases and healthcare options for their employees that have such high premiums and deductibles that the concept of ‘care’ in the word ‘healthcare’ is an oxymoron. On average, Flume-designed plans save employers nearly $5,000 per employee per year.įresh off an equity round that brings total VC investment to $10M, Flume is delivering radical impact to its customer base of small and mid-sized self-insured businesses.
By marrying active employer and member engagement with a tech- and data-forward product, Flume leapfrogs legacy health plan administrators’ capabilities. Flume’s administrator model allows self-insured employers and their workforces to unbundle their health plans and augment or replace legacy off-the-shelf plans with specialized providers who address specific populations with conditions such as MSK, pain, diabetes, mental health and many more. Launched in 2020, Flume Health is a new generation of health plan administrator (TPA) intentionally built to reduce healthcare costs, improve quality of care and transform the user experience for both employers and members. The former Haven program director and longtime insurance executive is tasked with scaling operations to accelerate Flume’s adoption by self-insured employers. NEW YORK, J/PRNewswire/ - Flume Health, a health plan administration platform for the modern fragmented healthcare ecosystem, today announced that Ann Joo Kim has joined the company as chief operating officer.
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