TPA Stream Inc.

TPA Stream Inc. delivers a comprehensive benefits administration platform designed for third-party administrators, health insurance brokers, and employers, enhancing operational efficiency and data management. TPA Stream Inc. is a benefits administration platform founded in 2014 by Eric Sukalac and Stephen Fuhry, headquartered in Cleveland, US.

The company has completed three deals as of 2019, with the most recent being a Seed round on September 9, 2019, raising USD 1. 4 mn led by North Coast Ventures along with other investors including JumpStart and Plug and Play. TPA Stream specializes in benefits administration solutions for third-party administrators and employers, offering products such as Consolidated Invoicing, Claims Harvesting, and advanced Communication tools. These services streamline invoicing, enhance stakeholder communication, and automate claims collection, addressing key challenges in benefits administration across various sectors in the US.

TPA Stream's revenue model is based on subscription services and partnership agreements within the employee benefits and insurance sectors, utilizing tiered pricing plans for clients. This structure accommodates features like invoicing and claims management, ensuring efficient financial operations and accurate processing of payments. Following its Seed round investment of USD 1. 4 mn in September 2019, TPA Stream plans to enhance its platform with new functionalities and expand its market presence.

The company aims to develop additional products to further assist TPAs and brokers while targeting expansion into new regions of the United States by the end of 2023.