Stride Health raises $13M for smarter health insurance shopping

By Aditi Pai
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Stride HealthSan Francisco-based Stride Health has raised $13 million in a round led by Venrock with participation from Fidelity Biosciences and existing investor NEA, according to a post from TechCrunch. This brings the company's total funding to at least $15.4 million.

Stride Health helps people shopping for health insurance on the open exchanges by providing a more advanced search engine can factor in a user's health profile. It can take into account 38 different data points to estimate the user's medical costs for the year on a plan-by-plan basis. Some of the factors that Stride Health considers includes age, gender, location, and illness history.

From there, Stride Health will recommend a plan that takes into account the user's preferred doctors and prescriptions. The company is certified to match users with government assistance as well.

Stride Health also offers a prescription price search service and provides users with discounted rates on prescriptions if they go through Stride. Users can check prices on prescriptions by entering information into the search engine including the drug name, how many days they plan to take the medication, and how many times they plan to refill the prescription.

Last year, Stride Health took part in Rock Health's accelerator program, though Rock Health has since transitioned into a full seed fund. At the time, Stride Health was only available to consumer looking for health insurance in California. Since then, the company has expanded and moved into six other states: New York, New Jersey, Florida, Texas, Illinois, and Pennsylvania, but they are licensed to sell health, accident and life insurance in 31 states and the District of Columbia.

The company has also partnered with Uber, TaskRabbit, and Postmates, to tap those companies' large networks of contract employees.