What is Total Plan Services?
Total Plan Services specializes in delivering Self Funded health plans, leveraging its proprietary LuminX technology to process Medical, Dental, Rx, and Vision claims. The platform is designed for customization, adapting to each client's unique benefit plan requirements. Their online Administration module, integrated with EBIX Health, offers real-time claim and eligibility information, streamlining HR administration. The company's core mission is to control rising healthcare costs by designing specific benefit plans that target savings from both clinical and financial perspectives, rewarding positive change through medical, disease management, and wellness partnerships.
How much funding has Total Plan Services raised?
Total Plan Services has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
What's next for Total Plan Services?
With the recent strategic investment, Total Plan Services is poised for significant growth and operational enhancement. The capital infusion is expected to fuel advancements in their LuminX technology, expand market reach for their innovative Self Funded health plans, and potentially explore new partnerships in the healthcare cost management sector. This late-stage funding suggests a focus on scaling operations and solidifying their competitive advantage in the health benefits administration landscape.
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