Employer Direct Healthcare secures $92M, boosting valuation to $1B

Employer Direct Healthcare, a network company for employers who self-fund healthcare coverage, raised $92 million in secondary investment from Insight Partners, bringing its valuation to $1 billion. The company also hired new members for its executive team, including a chief growth officer, chief product officer, head of communications and general manager of oncology solution. Employer Direct Healthcare offers specialty network and payment services to employers who self-fund healthcare coverage, including digital health offerings and a platform called Cancer Care Direct. The funds will be used to expand the Cancer Care Direct platform and grow partnerships. The company previously partnered with OneOncology to lower cancer care costs, while other companies like Carrum Health are also working to lower costs for self-funded employers.

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