MINNEAPOLIS — (Aug. 13, 2020) — Bind Benefits, Inc., a personalized health plan that creates an intuitive fit between people’s health benefit and the way they actually use health care, was named to the CB Insights Digital Health 150 list—the 150 most promising private digital health companies in the world.
“The health benefits cost curve is unsustainable. And it’s not okay. Employers need better solutions to offer an affordable, attractive health benefit. And employees deserve a benefit they understand and one that helps them make informed decisions,” said Bind CEO Tony Miller. “Bind is disrupting the status quo through smarter design of health insurance. By allowing members to see treatment options and compare costs before making a decision, we help people buy better. The growth and momentum we’re experiencing speaks to the value we’re delivering for both employers and employees—and being named to the Digital Health 150 list underscores that. I’m proud of the talented and hard-working Bind team that is united around the common purpose of making health insurance personal.”
CB Insights selects the Digital Health 150 from hundreds of applicants through an evidence-based approach and based on factors, such as: patent activity, investor quality, news sentiment analysis, market potential, partnerships, competitive landscape, team strength and tech novelty. CB Insights also uses a proprietary algorithm to measure the overall health and growth potential of private companies to help predict a company’s momentum.
“This year’s Digital Health 150 is our most global ever, covering the best private health care companies from 17 countries. Beyond geographic diversity, these companies are innovating across the entire health care value chain, spanning technologies that benefit pharma and biotech companies, to payers, hospitals, insurers, and more,” said CB Insights CEO Anand Sanwal. “Last year’s Digital Health 150 winners saw numerous exits and went on to raise nearly $5 billion in investor financing after being recognized. We look forward to seeing the success of this year’s class of the best in digital health.”
The Bind condition-first, personalized health plan design uses data and analytics to help consumers make informed choices for their unique circumstances. The MyBind app and website present members with search results that list coverage options, so members can easily find the best price and treatment combination for them.
More than 72,000 members are currently enrolled in Bind, including employees of Medtronic, Best Buy, Cumberland School District, Culligan, and many more companies. Bind is powered by UnitedHealthcare’s proprietary networks, as well as certain of its data and analytics capabilities.
For more information about Bind, visit yourbind.com.
Bind redesigned health insurance to give employers the opportunity to offer a sustainable, attractive health benefit—without compromising coverage or quality. Members can see treatment options and compare costs before making a decision. Bind personalized health plans deliver the freedom to choose—and the information to choose wisely. Learn more at yourbind.com.
At CB Insights, we believe the most complex strategic business questions are best answered with facts. We are a machine intelligence company that synthesizes, analyzes and visualizes millions of documents to give our clients fast, fact-based insights. Serving the majority of the Fortune 100, we give companies the power to make better decisions, take control of their own future, and capitalize on change.
Bind media contact:
CB Insights media contact:
Keith Swiader, Manager – PR & Communications