Yuzu Health, a New York company helping health plans and insurance brokers launch and scale their benefit designs, announced $35 million in Series A funding led by General Catalyst and Chemistry. Yuzu Health works to modernize health insurance infrastructure to increase the accessibility of new healthcare plans.
The company’s white-labeled solution handles health plan claims processing, payments and member administration. This tech allows customers to launch more complex plan designs, such as direct contracts, cash payment and dynamic copay, without having to worry about administrative tasks.
“Healthcare costs are rising at their fastest pace in over 15 years, and employers are looking for new ways to design plans that actually control costs,” Max Kauderer, Yuzu Health’s co-founder, said in a statement. “But the infrastructure behind health insurance hasn’t meaningfully changed in decades. We built Yuzu to simplify that stack and make it possible for innovative plans to launch quickly, operate efficiently and deliver a better member experience.”
Backed by its new funding, Yuzu Health will expand its engineering team and scale nationally. It will also invest in automating workflows like adjudication, reconciliation and bookkeeping and downstream reporting.
