NEW YORK, NY -- Flume Health, a health technology company focused on modernizing payer operations, has announced a strategic shift to deliver greater value to the U.S. healthcare industry. The Company will be focused on advancing its Relay software, a data exchange platform purpose-built for payer-related information. Given this strategic focus, Flume Health is poised to reduce administrative burden and costs associated with data integrations between payers and the plethora of systems, vendors, and health solutions in the industry.
The focus on Relay accentuates Flume Health's evolution from technology-enabled services to software, further solidified by the Company's decision to sell its third-party administration division to Vitori Health. The sale will enable Flume Health to further invest in research & development and strategic partnerships with payers and third party administrators.
"Today's announcement marks an exciting step towards a more interoperable ecosystem, addressing a foundational problem challenging payers, TPAs, plan sponsors, vendors, and innovative digital health companies," said Cédric Kovacs-Johnson, founder and CEO of Flume Health. "The TPA division was a strong, digital-first service that I'm confident will continue to flourish. We had wonderful clients who inspired us to create what is now called Relay: an automated, modern solution to integrate with the vendors they needed for their membership."
Looking ahead, Flume Health will continue to shape the future of payer operations -- eliminating friction in the exchange of data between all parties that need to administer care. The company's focus on its software business is a testament to its commitment to administrative data interoperability in U.S. healthcare.
