What is Array Health Solutions?
Array Health Solutions is a prominent provider of private insurance exchange technology. Its cloud-based software platform empowers health plans of all sizes to establish their own branded online exchanges, a critical strategic channel for enhancing competitiveness and fostering growth. The platform also offers employers a novel approach to cost management and provides members with an improved method for benefit procurement. Based in Seattle, Array Health operates within the dynamic health insurance technology landscape, facilitating more efficient and cost-effective benefit distribution.
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 Vocap Partners and Noro-Moseley Partners
Key Investors in Array Health Solutions
Vocap Partners
Vocap Partners is an investment firm that provides capital, connections, and operational expertise to emerging B2B software and healthcare IT companies with disruptive potential, focusing on entrepreneurs leveraging innovation.
Noro-Moseley Partners
Noro-Moseley Partners specializes in early growth equity investments for rapidly-scaling B2B software and healthcare companies, partnering with CEOs to scale high-growth businesses since 1983.
What's next for Array Health Solutions?
The substantial enterprise-level funding received by Array Health Solutions positions the company for accelerated expansion and further development of its innovative private insurance exchange technology. This strategic investment is likely to fuel enhancements in platform capabilities, market penetration, and operational scaling. As the healthcare industry continues to evolve towards more consumer-centric and cost-effective solutions, Array Health's technology is poised to play a pivotal role in shaping the future of benefits enrollment and management. The company's focus on enabling health plans, employers, and members suggests a strategy aimed at capturing a significant share of the burgeoning health tech market.
See full Array Health Solutions company page
