Vancouver company raises $54 million and looks to fill 30+ technical roles

Nov 9 2020, 8:27 am

MacroHealth, a data analytics platform that connects large healthcare payers with provider networks, is looking to fill 30+ new technical roles in Vancouver after a funding round of $54 million CAD.

“You don’t have to work in healthcare or insurance to come onto our radar. We just want to work with the best people, period,” said Sam Crumley, the company’s Chief HR Officer, in a statement.

Founded in 2017, MacroHealth is the merger of VIDA Health and PlotkinHealth. The platform provides healthcare network optimization and claims settlement services to insurers, third-party administrators (TPAs), provider-sponsored health plans, and other payers.

Payer organizations are allowed to efficiently manage and plan their healthcare procurements costs, which is often the largest expense for these customers.

With $54 million more in their account, MacroHealth is hoping to use this new flow to invest in the development of the platform as well as expand the business strategy side from marketing, customer success, and operations angles. This new dollar investment includes capital from NewSpring Capital, Providence Ventures, and Triple Tree Capital Partners.

“MacroHealth is disrupting the US commercial healthcare industry, a $3.5 trillion marketplace,” says Toufic Boubez, CTO and CPO at MacroHealth. Toufic is a serial entrepreneur with several successful exits under his name, which includes Layer 7 Technologies that was acquired by CA Technologies and Meta for that was acquired by Splunk.

“Our contributions and role in the industry have helped us thrive and create opportunities in a disrupted economy. The healthcare and information services industry are both predicted to recover the fastest, and we’ve seen this come into play.”

The company is seeking talent in both startups and the biggest names across corporate America.

“If you’re tired of going unnoticed in a big corporation and want to make a difference, join us. Compared to other privately-held companies at our stage, we offer competitive salaries in the market.”

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