GeekWire May 21, 2024
Taylor Soper

Abett, a Seattle-based startup that helps large employers manage and analyze health plan data, raised $11.6 million in a Series A round to help boost its software platform.

The company’s Lockbox product is built for benefits teams to share, store, and analyze data related to healthcare services offered to employees.

The idea is to show companies how they could alter benefits to save costs, among other uses.

“I don’t believe it’s well understood how much effort and expenses large employers devote to managing healthcare for employees and dependents,” said Abett CEO and co-founder Mike Hanlon.

Hanlon said the recent Change Healthcare cyberattack is driving employers to reassess where they keep data — which could be a tailwind for Abett.

The...

Today's Sponsors

Venturous
Got healthcare questions? Just ask Transcarent

Today's Sponsor

Venturous

 
Topics: Employer, Investments, Trends
The High Price of Treatment Resistant Depression for Employers
The Pandemic Proved That Remote Leadership Works
More than 65 Organizations Call on Workplaces to Provide Comprehensive Obesity Care Coverage
The state of AI: How organizations are rewiring to capture value
To reduce healthcare costs, address chronic conditions

Share This Article