Accolade Secures $22.5M in Strategic Funding

accolade-logoAccolade, a Plymouth Meeting, Pa.-based consumer health engagement platform for large employers and insurers, secured $22.5m in strategic funding.

Backers included a subsidiary of Independence Health Group, the parent company of Independence Blue Cross (Independence), and McKesson Ventures.

The company intends to use the funds to strengthen its technology and analytics capabilities.

Led by CEO Tom Spann, Accolade a cloud-based consumer healthcare engagement and influence platform for large self-insured employers and payer organizations. It allows consumers to navigate healthcare and benefits, find providers and get care. The platform integrates longitudinal consumer insights and proprietary algorithms to identify individualized care needs, match intervention types, optimize plans of action and personalize consumer outreach and messaging strategies across digital, mobile and personal channels.
The company currently works with self-insured employers, health systems and health plans.



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