What is Alternative Risk Management?
Founded in 1992 and headquartered in Arlington Heights, Illinois, Alternative Risk Management (ARM) operates as a specialized third-party administrator focused on the design and management of self-funded health plans. The company provides a comprehensive suite of services, including medical, dental, prescription drug, and vision plan administration. By integrating claims processing, stop-loss coverage, and PPO network management, ARM enables employers and consultants to implement cost-effective benefit solutions. The firm further distinguishes itself through its robust technological infrastructure, utilizing Oracle-based information systems and secure web-based interfaces to manage complex administrative tasks such as COBRA, HIPAA, and various flexible spending arrangements.
How much funding has Alternative Risk Management raised?
Alternative Risk Management has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
Key Investors in Alternative Risk Management
PPP
Public-Private Partnership
What's next for Alternative Risk Management?
With the successful completion of this late-stage funding round, Alternative Risk Management is strategically positioned to scale its administrative capabilities and enhance its technological service delivery. The capital injection will likely be directed toward optimizing its Oracle-based platforms and expanding its reach in the employer-sponsored benefits market. As the demand for cost-effective, self-funded health solutions continues to rise, ARM is well-equipped to leverage its deep industry expertise to capture additional market share, streamline claims processing, and provide more sophisticated risk management tools to its growing client base across the United States.
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