MyHealthMath Raises $3.5M in Series B Funding


MyHealthMath, a Portland, Maine-based health benefits enrollment navigation platform, raised $3.5m in Series B funding.

The round was led by Jennus Innovation.

The company intends to use the funds to enhance both its consumer and employer-facing product lines, including supporting ancillary benefits on the consumer side, and interface enhancements for their predictive analytics engine.

Led by Founder and CEO Bob Watterson, MyHealthMath is an insurtech company that provides a full-service health benefit enrollment navigation platform that helps all stakeholders—employees, employers, health carriers, benefit administrators—get the most value for their health insurance investment. Along with employee plan choice guidance, the system uses a predictive analytics engine to help employers and carriers predict enrollment choices and then optimize plan design and pricing to increase value for them as well as for employees.

The company, which has direct and SaaS clients throughout the U.S., is a neutral third party, that guarantees confidentiality for all individual-use data collected from claim reports and individual interviews. .