• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

  • Opinion
  • Health IT
    • Behavioral Health
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Patient Engagement
    • Population Health Management
    • Revenue Cycle Management
    • Social Determinants of Health
  • Digital Health
    • AI
    • Blockchain
    • Precision Medicine
    • Telehealth
    • Wearables
  • Startups
  • M&A
  • Value-based Care
    • Accountable Care (ACOs)
    • Medicare Advantage
  • Life Sciences
  • Research

Lynx Secures $27M Series A to Simplify Healthcare Payments and Administration

by Syed Hamza Sohail 02/06/2025 Leave a Comment

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print

What You Should Know:

– Lynx, a leading fintech platform simplifying healthcare payments and administration, today announced the close of an oversubscribed $27 million Series A funding round, bringing its total funding to over $44 million since its inception in 2022.

– The round was led by Flare Capital Partners, with participation from CVS Health Ventures, McKesson Ventures, and existing investors .406 Ventures, Obvious Ventures, and Frist Cressey Ventures.

Lynx: Transforming Healthcare Payments with Scalable, API-Driven Solutions

Lynx is an API-first fintech platform revolutionizing healthcare payments by enabling health plans, financial institutions, and benefits administrators to embed a comprehensive suite of healthcare financial accounts and services into their existing user experiences. With a focus on innovation, scalability, and seamless integration, Lynx is redefining how healthcare payments are managed across the industry.

With recent funding, Lynx aims to accelerate growth and expand its operations in several strategic areas:

·       Advancing Healthcare Benefits: Innovating in Medicare Advantage supplemental benefits, Medicaid value-added benefits, and Individual Coverage Health Reimbursement Arrangements (ICHRA).

·       Enhancing Compliance and Administration: Strengthening Consumer-Directed Health (CDH) account administration and compliance capabilities for health plans and financial institutions.

·       Developing API-Driven Solutions: Creating tailored, API-based products to streamline consumer experiences and operational workflows for benefits administrators and health plans.

Lynx’s unified platform spans the entire spectrum of healthcare payment types, including CDH accounts, Medicare Advantage supplemental benefits, Medicaid value-added benefits, and ICHRA. By addressing both established markets like CDH administration and emerging segments such as ICHRA and Medicare Advantage, Lynx offers a truly comprehensive solution for healthcare payment management.

Designed for customization and scalability, Lynx’s platform leverages a single API-first approach, allowing companies to rapidly build and deploy solutions such as:

·       CDH Accounts: Seamless administration and compliance support for financial institutions and health plans.

·       SKU-Restricted Payment Cards: Tailored solutions for Medicare Advantage supplemental benefits.

·       Custom OTC Storefronts: Fully integrated digital marketplaces for healthcare benefits.

The platform can be embedded within partner websites and applications via API while also offering customizable front-end experiences and mobile applications for marquee clients, including major health plans, financial institutions, and benefits administrators. Its ability to launch solutions in as little as 10 weeks underscores its efficiency and adaptability.

“In a fragmented healthcare payments landscape, Lynx is the only platform that supports all healthcare payment types and use cases—from large, established markets like CDH administration to emerging markets like ICHRA and Medicare Advantage supplemental benefits,” said Victor Lanio, Partner at Flare Capital Partners. “This oversubscribed round is a testament to Lynx’s exceptional traction, visionary leadership, and the growing demand for a truly unified solution. We look forward to being a part of the Lynx story as they continue redefining the healthcare payment and administration space.”

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print

Tap Native

Get in-depth healthcare technology analysis and commentary delivered straight to your email weekly

Reader Interactions

Primary Sidebar

Subscribe to HIT Consultant

Latest insightful articles delivered straight to your inbox weekly.

Submit a Tip or Pitch

Featured Insights

2025 EMR Software Pricing Guide

2025 EMR Software Pricing Guide

Featured Interview

Kinetik CEO Sufian Chowdhury on Fighting NEMT Fraud & Waste

Most-Read

2019 MedTech Breakthrough Award Category Winners Announced

MedTech Breakthrough Announces 2025 MedTech Breakthrough Award Winners

WeightWatchers Files for Bankruptcy to Eliminate $1.15B in Debt

WeightWatchers Files for Bankruptcy to Eliminate $1.15B in Debt

KLAS: Epic Dominates 2024 EHR Market Share Amid Focus on Vendor Partnership; Oracle Health Sees Losses Despite Tech Advances

KLAS: Epic Dominates 2024 EHR Market Share Amid Focus on Vendor Partnership; Oracle Health Sees Losses Despite Tech Advances

'Cranky Index' Reveals EHR Alert Frustration Peaks Midweek, Highest Among Admin Staff

‘Cranky Index’ Reveals EHR Alert Frustration Peaks Midweek, Highest Among Admin Staff

Madison Dearborn Partners to Acquire Significant Stake in NextGen Healthcare

Madison Dearborn Partners to Acquire Significant Stake in NextGen Healthcare

Wandercraft Begins Clinical Trials for Physical AI-Powered Personal Exoskeleton

Wandercraft Begins Clinical Trials for Physical AI-Powered Personal Exoskeleton

Chipiron Secures $17M to Transform MRI Access with Portable Scanner

Chipiron Secures $17M to Transform MRI Access with Portable Scanner

Abbott to Integrate FreeStyle Libre Glucose Data with Epic EHR

Abbott to Integrate FreeStyle Libre Glucose Data with Epic EHR

5 Ways New Trump Administration Tariffs Are Impacting U.S. Healthcare Now

5 Ways Trump Administration Tariffs Are Impacting U.S. Healthcare Now

iCAD, GE HealthCare Integrate to Advance Breast Cancer Detection with AI

RadNet to Acquire iCAD for $103M in All-Stock Transaction

Secondary Sidebar

Footer

Company

  • About Us
  • Advertise with Us
  • Reprints and Permissions
  • Submit An Op-Ed
  • Contact
  • Subscribe

Editorial Coverage

  • Opinion
  • Health IT
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Population Health Management
    • Revenue Cycle Management
  • Digital Health
    • Artificial Intelligence
    • Blockchain Tech
    • Precision Medicine
    • Telehealth
    • Wearables
  • Startups
  • Value-Based Care
    • Accountable Care
    • Medicare Advantage

Connect

Subscribe to HIT Consultant Media

Latest insightful articles delivered straight to your inbox weekly

Copyright © 2025. HIT Consultant Media. All Rights Reserved. Privacy Policy |