Carrum Health provides surgical and cancer treatment guidance and coordination for self-funded employers through a Centers of Excellence network that offers all-inclusive pricing and a 30-day warranty. Members pay a fee for access to the network and care coordination. The company launched an oncology offering in partnership with Memorial Sloan Kettering Cancer Center and University of Chicago Medicine after the 2021 investment. Carrum reports a revenue compound annual growth rate of 90%–100% over the last three years and nearly doubled its book of business in 2022. It added six new partners including CVS, Included Health, Accolade, Rightway, SWORD Health and Virgin Pulse and says demand has surged in 2023. The company plans to invest aggressively in its oncology solution and continue expanding its core surgical offering. Carrum Health operates a platform that connects employer-sponsored insurance plans with surgical centers of excellence. It uses machine learning to collect and analyze data on surgical outcomes and care to identify centers of excellence across the U.S. The company offers self-insured employers bundled surgical pricing with no co-pays, deductibles or co-insurance; customers pay a fee and receive a 30-day warranty covering costs from complications or botched operations. Using Carrum can yield savings of up to 50% on surgical expenses, and employees access a mobile app providing virtual care before, during and after surgeries. Named customers include Quest Diagnostics and US Foods, and participating centers of excellence include Johns Hopkins HealthCare, Mayo Clinic and Tenet Healthcare. Carrum plans to expand its reach and add additional services in 2021; it raised $40 million in Series A funding to support sales and marketing, product expansion, and technology improvements. Carrum Health is a comprehensive bundled payment platform that connects self-insured employers to regional healthcare providers through standard bundled payment arrangements. Founded in 2014 and led by CEO Sachin Jain, the company operates from San Francisco and currently serves more than 400 employer groups on the U.S. West Coast. The platform manages acute care bundles intended to control costs and coordinate care for employers and employees. Carrum plans to expand its offering by adding additional acute care bundles in orthopedics, spine and cardiac care and by adding service lines such as bariatrics and maternity. The company will use new funding to enhance its technology and operations platform and to improve analytical insight capabilities.

Total raised

$92M

Funding rounds

3

Latest round

Series B

Latest activity

May 2023