Participated · Series B · Jun 2013

Healthation offers a rules‑based, user‑configurable, web‑based core administrative system that supports medical, dental, vision, pharmacy and life insurance lines of business. The platform is available via a SaaS subscription model in ASP or client‑hosted environments and currently supports 26 customers representing nearly 24 million members. Healthation serves multiple payer segments, including managed care payers, state health insurance marketplaces, third‑party administrators, CO‑OPs, MMIS, and ACOs via five solution bundles. The company emphasizes speedy implementation, configurable features, and adaptability to new payer and payment models. Management plans to use new capital to expand sales and marketing and to build additional operations, service and development capabilities to meet accelerating demand.