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Bind On-Demand Health Insurance

Health Tech & Medtech · Minneapolis, United States · Founded 2016

Bind administers health insurance for self-funded customers. Bind is health insurance rewired for our on-demand world MoreLess

YourBind.com, operating under the umbrella of UnitedHealthcare, is a health plan provider that caters to employers with a workforce of 51 or more. The company offers an Affordable Care Act (ACA) compliant health plan, which means it meets the minimum essential coverage required by the ACA. The health plan is available on both a fully insured and self-funded basis, providing flexibility to employers based on their specific needs and financial capabilities.

The company operates in the healthcare market, specifically in the employer-sponsored health insurance sector. Its unique selling proposition is its clear and upfront pricing, which eliminates the uncertainty often associated with health insurance costs. This transparency is a key factor in attracting clients who value predictability in budgeting.

YourBind.com has leveraged technology to simplify the process of choosing and managing health care options. With a user-friendly interface, employers and employees can search, compare, and select care options with just a few clicks, anytime and anywhere. This ease of use enhances the customer experience, making the health plan more attractive to potential clients.

The company also provides a wealth of resources to help clients navigate the complexities of health insurance. From claim submission to filing appeals, YourBind.com ensures that its clients have the necessary information at their fingertips. This commitment to customer service further strengthens its position in the market.

YourBind.com generates revenue through the premiums paid by employers for the health plans. The cost of the plan depends on the level of coverage chosen and the number of employees covered.

Keywords: Health Plan Provider, Employer-Sponsored Health Insurance, ACA-Compliant, Fully Insured, Self-Funded, Clear Pricing, User-Friendly Interface, Online Health Care Management, Customer Service, Premium-Based Revenue.

Company overview

Bind On-Demand Health Insurance company information

The essential company record, classifications and operating signals in one place.

Status
Operational
Founded
2016
Headquarters
Minneapolis, United States
Employees
356
Open positions
None listed
Dealroom signal
33.3
sub industryHealth Platformsub industryInsuranceindustryHealthindustryFintechsectorHealth InsurancesectorTech for PatientssectorLandH InsurancesectorMGAsectorHard Techclient focusb2bclient focusb2c

Valuation & funding

Bind On-Demand Health Insurance funding history

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES BOther financing Oct 2020 $105M $420M Ascension
DEBTDebt Oct 2019 $60M Undisclosed
SERIES AOther financing Jun 2018 $10M $40M Ascension · UnitedHealthcare · Lemhi Ventures
SERIES AOther financing Feb 2018 $60M $240M Lemhi Ventures
EARLY VCOther financing Jul 2017 $2.5M $10M Lemhi Ventures
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Growth signals

Bind On-Demand Health Insurance website traffic

Latest recorded traffic for Bind On-Demand Health Insurance is 350K monthly website visits, down 25.5% over the last three months. Bind On-Demand Health Insurance's team declined 3.8% over the past year.

Latest monthly visits350K 3-month web change-25.5% 1-year team growth-3.8%
Monthly website visits93 observations · Jun 2018–Jul 2026
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Comparisons

Bind On-Demand Health Insurance compared with similar companies

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Talent graph

Bind On-Demand Health Insurance's talent

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Team profiled 10 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Investors

3 investors on Bind On-Demand Health Insurance's cap table

Sourced from Dealroom's funding and investor records.

Series A 3 investors entered at this stage
Lemhi Ventures
Ascension
UnitedHealthcare

Global footprint

Where Bind On-Demand Health Insurance has talent and traffic

Workforce by country
🇺🇸 United States · Minneapolis HQ
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In the news

Latest news about Bind On-Demand Health Insurance

Recent press, funding announcements, and product moves mentioning Bind On-Demand Health Insurance — open to read from the original sources.

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Market sentiment

What the market is saying about Bind On-Demand Health Insurance

An AI-synthesized read of the highest-engagement posts about Bind On-Demand Health Insurance on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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