Handl Health Raises $14.2M Series A for Health AI
Handl Health, an AI-powered platform for healthcare price transparency, has raised $14.2 million in Series A funding. The company aggregates, analyzes, and validates publicly available data from sources like Transparency in Coverage rules to help benefits consultants evaluate networks and design cost-effective employer health plans. The capital will accelerate product development and scale its Iris and Arke tools.
Health Plan AI Investment Surges
The round follows Handl's $2.5M seed funding in April 2024 and arrives as AI tools reshape health plan optimization. Handl's platform processes over 1 trillion pricing data points across 30,000 billing codes, 4,000+ hospitals, and 3 million+ providers. This positions the startup to capitalize on regulatory pushes for transparency.
Opaque Data Inflates Employer Costs
Employer-sponsored health plans face skyrocketing costs, with benefits consultants struggling to turn raw public data into actionable insights. Public files from 1,000+ health plans remain messy and unvalidated, hindering network comparisons and savings identification. Traditional methods fail due to data silos and lack of real-time validation, leaving employers overpaying for care.
AI Validates Public Price Data
Handl Health's Iris platform delivers AI-driven network analytics, enabling carriers' network comparisons, claims repricing, and provider performance tracking. Arke provides API-based real-time cost transparency for members, complying with CAA requirements while steering users to high-value providers. Unlike manual processes, Handl's proprietary 3-step AI validation—matching datasets, benchmarking against Medicare, and reconciling with claims—cleans and standardizes data at scale.
Its differentiation lies in being first-to-market with end-to-end automation from public sources, identifying $50M in network savings to date and boosting closed business by 33%.
Series A Builds Savings Momentum
This Series A extends Handl's seed momentum, funding expansion after NIH grant-inspired origins in 2022. The investment signals validation for AI in tackling price opacity, shifting capital toward tools that quantify savings for employers. It aligns with Handl's strategy to empower consultants in converting prospects and retaining clients through data-driven decisions.
Trillion-Point Dataset Drives Growth
Handl processes data across 1K+ health plans, uncovering ongoing savings opportunities. The platform's traction—$50M savings identified, 33% more deals closed—highlights the scale of untapped efficiency in a fragmented market. As regulations mandate transparency, AI platforms like Handl fragment the space by validation rigor and real-time access.
Expert Roots Fuel Innovation
Founded post-NIH grant research on price transparency impacts, Handl brings specialized expertise to a complex domain. This credible foundation enhances its edge in AI-driven analysis over generic data aggregators.