Ringmaster Technologies, a Cleveland, OH-based provider of workflow optimization for the healthcare stop-loss industry, raised $5m in growth funding.
The round was led by Edison Partners. In conjunction with the funding, Gregg Michaelson, Partner, Edison Partners, joined the Ringmaster board.
The company intends to use the funds to develop its go-to-market engine for its cloud solutions.
Led by Todd Roberti, founder and CEO, Ringmaster Technologies provides cloud based solutions aimed at modernizing the quoting and administration processes for brokers, agencies, third-party administrators, MGUs and carriers of stop-loss policies.
The company’s automated optimization solution of customizable workflows, quoting and smart contracts, and advanced data and analytics simplifies the administration of stop-loss plans, a critical component of self-funded health plans.
Ringmaster works with adjudication platforms and is building integration feeds.