What is Array Health Solutions?
Array Health Solutions is a prominent provider of private insurance exchange technology, offering a cloud-based software platform that empowers health plans to establish their own branded online exchanges. This strategic channel is designed to enhance competitiveness and foster growth within the health insurance market. The platform also serves employers by providing a novel approach to cost management and offers members a more streamlined method for benefit procurement. Based in Seattle, Array Health Solutions operates within the dynamic health insurance technology landscape, facilitating more efficient and transparent benefit transactions.
How much funding has Array Health Solutions raised?
Array Health Solutions has raised a total of $13M across 1 funding round:
Private Equity
$13M
Private Equity (2014): $13M with participation from Noro-Moseley Partners and Vocap Partners
Key Investors in Array Health Solutions
Noro-Moseley Partners
Noro-Moseley Partners is a venture capital firm focused on early growth equity for rapidly scaling B2B technology and healthcare companies. They partner with CEOs to scale high-growth businesses, emphasizing sustainable economic models and significant year-over-year growth.
Vocap Partners
Vocap Partners provides capital, connections, and operational expertise to emerging B2B software and healthcare IT companies with disruptive potential. They focus on entrepreneurs leveraging innovation to address genuine industry challenges, offering an aligned approach to investment.
What's next for Array Health Solutions?
The recent major strategic investment in Array Health Solutions signals a critical juncture for the company, likely enabling accelerated expansion of its platform's capabilities and market reach. With a focus on private insurance exchange technology, the company is well-positioned to capitalize on the evolving healthcare benefits landscape. Future developments may include enhanced features for employers and members, further integration with health plans, and strategic partnerships to broaden its ecosystem. This capital infusion is expected to fuel innovation and solidify Array Health Solutions' position as a key player in optimizing the health insurance procurement process.
See full Array Health Solutions company page
