TPA Stream builds health insurance administration software that uses proprietary technology to streamline healthcare administration activities and bridge disparate data sources. Its products — including EOB harvesting, billing and integration apps — work together to simplify data collection, billing, reimbursement, reporting and other benefits-administration tasks. The company says its tools reduce time and cost for third-party administrators, health plans, financial institutions and payroll vendors. Founded in 2014 by CEO Jacob Sheridan and based in Cleveland, Ohio, TPA Stream is currently being used by 75 companies across the country. The company closed a $1.4M seed round and intends to use the funds to strengthen sales and marketing efforts. The business focuses on automating benefits processing for enterprise buyers and intermediaries. TPA Stream builds health insurance administration software centered on its proprietary STREAM technology to automate health insurance administration. The STREAM technology automates reimbursement and substantiation workflows, cutting time to substantiate claims by 75% and reducing revenue cycle managers' time managing pending claims by 40%. Its solutions target revenue cycle managers and third-party administrators and are designed to integrate with complex, legacy systems. The company is headquartered in Cleveland, OH and serves over 35 enterprise customers across the United States. TPA Stream completed $800,000 in series seed financing and will use the funds to continue product development and recruit additional software developers. The company recently appointed Bruce Yule as Chief Financial Officer and is supported by regional incubators and support organizations.

Total raised

$2M

Funding rounds

2

Latest round

Seed

Latest activity

Sep 2019