INDUSTRY NEWS
Remodel Health Raises More Than $100 Million to Continue Expansion in ICHRA Market
Remodel Health, the leading provider of Individual Coverage Health Reimbursement Arrangements (ICHRA) for brokers, has raised over $100 million in growth funding from Oak HC/FT with participation from Hercules Capital. This investment will fuel Remodel’s continued expansion, leveraging its innovative tech platform to help employers and employees simplify health benefits.
WHAT DOES THIS MEAN?
Accelerated Growth
With $100M in funding, Remodel Health is expanding its reach to help more organizations navigate the shift to ICHRA solutions.
Innovative Solutions
Our end-to-end platform simplifies health benefits, empowering employers to save an average of 30% while offering employees personalized coverage.
Stronger Broker Partnerships
This investment strengthens our ability to partner with brokers, delivering the tools and support needed to revolutionize health benefits nationwide.
Remodel Health's $100 Million in Growth Funding
Paving the Way for Smarter, More Sustainable Health Benefits
This moment marks a transformative step in Remodel Health’s journey to reshape the health benefits landscape. By focusing on innovative solutions like ICHRA, we’re enabling employers to offer flexible, cost-effective health insurance options that meet the unique needs of their teams. Our platform simplifies the entire process, from plan design and administration to seamless integration with payroll and HR systems, ensuring an effortless experience for both employers and employees. With a strong emphasis on broker partnerships and white-glove service, we’re committed to delivering the tools and support needed to help businesses navigate the complexities of healthcare benefits. This is about driving meaningful change and creating a sustainable future for employee health coverage.
“The Oak team have been great dreamers with us and have great connections in the insurance payer space to accelerate growth and help increase access to medical care and resource organizations with missions that matter.”
— Remodel Health CEO Austin Lehman
“We have been looking at the ICHRA space for a few years now, waiting for a standout company with the combination of hyper-scaling potential, an ambitious go-to-market strategy, and focused dedication from the leadership team. We are honored that the Remodel team chose to partner with us and cannot wait to support them in their efforts to build out the ICHRA market for employers and brokers across the U.S.”
— Oak HC/FT Co-Founder and Managing Partner Andrew Adams
Reshaping the future of employer-sponsored healthcare.
The next chapter for Remodel Health is one of bold innovation and opportunity. With $100 million in funding, we’re advancing our mission to redefine health benefits by expanding our reach and delivering smarter, more personalized solutions for employers and employees alike. As the ICHRA market grows, we’re focused on creating lasting impact—empowering businesses to take control of their healthcare costs while providing employees with greater choice and flexibility. This milestone marks the beginning of an exciting journey toward reshaping the future of employer-sponsored healthcare on a national scale.
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