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Hint Health, a San Francisco-based provider-focused direct care administration platform that enables doctors to disintermediate the health insurance industry, has secured $10 million in Series A financing to continue expanding operations.
The financing was led by AXA Venture Partners who is also joining the board. Other investors included Webb Investment Network, Draper Associates, and healthcare funds Springrock Ventures, Meridian Street Capital, Launchpad Digital Health, and Tom Williams.
Hint is focused on powering provider-led solutions to improve cost, outcomes, patient experience, and provider satisfaction by completely eliminating the insurance middleman.
"Direct care is a proven solution that is gaining momentum across the country and is the blueprint for a complete reformulation of healthcare delivery," said Zak Holdsworth, co-founder and CEO of Hint Health. "Our vision is to accelerate this transformation and make direct care the new standard."
Clint Flanagan MD, founder and CEO of Nextera Healthcare, commented: "Employers across the country are starting to realize the control they have over managing their healthcare supply chain, starting with primary. Our clients are routinely showing total cost of care reduction in the 10-20% range."
Mike Lubin, vice president of Hint Health, said: "The healthcare technology industry is for the most part irrelevant to our clients who are pioneering new care delivery and payment models - the solutions that exist today do not support them. We are working hand in hand with these organizations to invent an entirely new category of product that is a key enabler in transforming healthcare."
Hint Health, Direct care, Health Insurance, Funding, AXA Venture Partners, San Francisco, US
