What You Should Know
- The Funding: Handl Health secured $14.2M in Series A funding, led by Arthur Ventures, with participation from Syndra Capital Partners and other strategic investors.
- The Market Problem: Approximately 60% of pre-retirement U.S. citizens rely on employer-sponsored health plans. The cost of these plans is climbing at an unprecedented rate, while accessibility has simultaneously declined.
- The Solution: Handl Health provides a unified technology platform for insurance brokers, carriers, and third-party administrators to design, deploy, and continuously refine dynamic, customizable health plans.
- The Impact: Over the past two years, the company has identified a reported $113 million in savings across nearly $1 billion in healthcare spend. Additionally, their technology has powered alternative health plans that reduced consumer costs by 22% on shoppable procedures.
The End of the “Blind” Network Strategy
The core problem in health benefits has always been a lack of actionable, unified data. Handl Health aims to solve this by providing a technology platform tailored for the main decision-makers in employer-sponsored plans: insurance brokers, carriers, and third-party administrators (TPAs).
Instead of relying on rigid insurance models, the platform unifies pricing, utilization, benefit, and quality data into a single analytical and operational layer. This allows users to model different configurations, evaluate the true cost of specific care pathways, and continuously track whether the plan is actually delivering better outcomes at a lower cost.
“When building a cost-effective healthcare plan, you can no longer simply choose a carrier or network,” said Ria Shah, Handl’s co-founder and chief product officer. “You need to understand provider performance on both cost and quality.”
Tangible ROI in a Bloated System
In the health-tech ecosystem, many platforms promise cost reductions, but Handl Health has the data to back it up. Over the past two years, the company has partnered with employers to reevaluate network strategies, identifying a reported $113 million in savings across nearly $1 billion in healthcare spend. Furthermore, their technology powers alternative health plans that have reportedly reduced consumer costs by 22% on shoppable procedures.
The new funding will be used to expand the platform and deepen its plan analytics capabilities, paving the way for more predictable pricing and higher quality care.
“We’re seeing a once-in-a-lifetime shift in how employers purchase healthcare,” said Ahmed Marmoush, co-founder and CEO of Handl Health. “The building blocks for better health plans already exist across the ecosystem. What’s been missing is the platform that connects insight to action, a place where users can design a plan to optimize care pathways, deploy them through an intuitive member experience and then continuously refine that plan based on real-world performance. That’s exactly what we’ve built.”
