202403 Apr

Blume Benefits: The AI copilot for health insurance brokers.

Summary

Today, health insurance brokers spend an average of 11 hours a week on manual data entry. Constantly, data and reminders fall through the cracks resulting in thousands of dollars in lost commissions, botched renewals, and an artificially capped book of business.Blume was created to streamline the relationships that brokers have to manage with their clients and the insurance carriers they work with. Consolidate information about their customers to prioritize their work, ensure no clients are left underserved, and catch problems with plan designs before employees run into them in the clinic.By consolidating all of these tools, we are building toward a world where health insurance brokers spend all of their time helping their clients navigate the complex world of health insurance rather than manually keying in data to Excel, spending hours every week consolidating claims data into actionable insights.Over the last few months, we had the opportunity to speak with more than 150 health insurance brokers. One thing was clear, they all were frustrated with the decreasing amount of time they could spend helping their clients due to the growing administrative burden and knew that something had to change. We are excited to address these issues with Blume.Were looking to connect with health insurance brokers looking to grow their book of business.

Source: Ycombinator

Funding

$500K
Amount
Apr 03 2024
Date
-
Investor
Blume Benefits
Company

Classifications

Companies