Carrum Health, Inc.

Carrum Health, Inc. is a US-based healthcare technology company that connects patients with high-quality providers, aiming to reduce costs for employers while enhancing patient experiences in accessing surgical and outpatient services. Founded in 2014 in South San Francisco, US, Carrum Health, Inc. offers a platform for connecting patients with top healthcare providers.

The company has not undergone significant pivots since its inception. The founders, Brent Nicholson and Sach Jain, have focused on creating a seamless healthcare experience. Carrum Health raised USD 45 mn in Series B funding on May 30, 2023, led by OMERS, with participation from multiple investors, bringing the total amount raised to USD 45 mn and valuing the company at USD 268. 59 mn.

Carrum Health specializes in innovative healthcare solutions that reduce costs for employers and enhance patient experiences. The company connects patients with high-quality healthcare providers, enabling access to procedures at leading hospitals while minimizing out-of-pocket expenses. Carrum's services eliminate medical bills for patients and include comprehensive support such as travel arrangements for treatment. The focus on a coordinated care experience targets employers seeking to improve employee benefits and manage healthcare costs effectively, serving a diverse client base across the US.

Carrum Health generates revenue through a B2B partnership model, collaborating with employers to include their healthcare services in employee benefits packages. This model allows for seamless integration of Carrum's platform through subscription agreements that encompass ongoing support and oversight. Employers pay for access to Carrum’s network of providers, facilitating high-quality care at negotiated rates, which results in cost savings. The company's services emphasize high-quality care and streamlined patient experiences, benefiting employers and employees alike.

In May 2023, Carrum Health, Inc. raised USD 45 mn in Series B funding led by new investor OMERS, with participation from returning investors. The company will utilize this funding to scale its market presence further. Plans include expanding into additional geographic regions to enhance service offerings and reach more employers and patients.

Specific markets for expansion will be determined as part of their growth strategy.