Flume Health Is Cutting Insurance Costs by Pre-Approving Prices and Paying On-Demand
Cedric Kovacs-Johnson launched Flume Health after watching his own family struggle with payments for his sister’s surgery.
Roughly 80% of companies with more than 500 employees are providing their own insurance plans, or outsourcing the administration of insurance coverage to plan administrators and startups that see the woefully poor service these companies provide.
Flume makes the payment process more transparent for the hundreds of companies that are self-insuring their employees to cope with rising healthcare premiums. The company offers clients transparent pricing for independent services that allows patients and providers to pick and choose—cutting out much of the claims processing that creates additional administrative overhead for care providers.