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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
Medical examination tools hang on a wall in an exam room at Perry Memorial Hospital in Princeton, Illinois, U.S., on Wednesday, Oct. 11, 2017. Senate in both political parties say they\'ve reached agreement on fixes to stabilize Obamacare just two weeks before Americans start signing up for 2018 coverage.
Photographer: Daniel Acker/Bloomberg

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.