Collective Health Bets Employers Are Fed Up With Health Expenses
- Startup draws a fresh infusion of $110 million from investors
- Founder sees frustration with rising health costs, complexity
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Collective Health Inc., a startup offering tech-savvy tools for managing health benefits, has raised a fresh infusion of investor cash as it seeks to win over more employers fed up with a fragmented, costly market.
The San Francisco-based company, founded in 2013, is betting that growing dissatisfaction with rising health-care costs will lure more firms to its technology, which lets employers cut through the tangle of different benefits they typically administer.