Carrum Health
Category: AI in Healthcare
A value-based healthcare marketplace that connects self-insured employers to top-tier medical providers through a transparent, bundled-payment model. Carrum Health was founded in 2014. The company is led by Sachin Jain. Based in South San Francisco, USA. Team size: 100-500. Total funding raised: $96M total. Latest round: Series B ($45M, May 2023) - led by OMERS Growth Equity. Key investors include OMERS Growth Equity, GV (Google Ventures), Tiger Global Management, 7wireVentures, Wildcat Venture Partners.
- Founded
- 2014
- Headquarters
- South San Francisco, USA
- Team size
- 100-500
- Total funding
- $96M total
Value proposition
Reduces employer surgical spend by 30-45% per procedure while eliminating member out-of-pocket costs and improving clinical outcomes through access to the top 10% of providers.
Products and solutions
Centers of Excellence (COE) Platform, Surgical Bundles (Orthopedic, Cardiac, Bariatric, and Vascular), Comprehensive Cancer Care Program, AI-Driven Provider Quality Matching Engine, Digital Patient Navigation & Concierge App
Unique value
The first platform to successfully productize 'bundled payments' at scale for the private sector, creating a predictable 'sticker price' for complex surgeries.
Target customer
Large self-insured employers, public sector benefit administrators, and Fortune 500 companies looking to reduce healthcare spend.
Industries served
Healthcare Technology, Enterprise Employee Benefits, InsurTech, Human Resources & Benefits
Technology advantage
Utilizes a proprietary 'Carrum Quality Score' powered by AI to evaluate surgical outcomes and complication rates, alongside a financial clearinghouse that automates the reconciliation of bundled medical claims.
How they differentiate
Proprietary AI-driven 'Carrum Quality Score' that identifies the top 10% of providers, combined with a first-of-its-kind bundled payment model that offers 30-45% cost savings with zero member out-of-pocket costs.
Main competitors
Transcarent, SurgeryPlus (Employer Direct Healthcare), Hinge Health
Key partnerships
Top-tier Health Systems (Mayo Clinic, Cleveland Clinic, Johns Hopkins Medicine), Benefit Navigation Platforms (Accolade, Virgin Pulse), Major Consulting Firms (Mercer, Willis Towers Watson), Strategic Investors (GV - Google Ventures, Tiger Global)
Notable customers
3M, US Foods, Prudential, State of Maine, Public Employees Health Program (PEHP) of Utah
Major milestones
Launched the industry's first comprehensive oncology bundled payment program in 2022, Secured $45M Series B funding in 2023 to scale surgical and cancer care platforms, Partnered with Grail in 2024 to integrate multi-cancer early detection (MCED) testing into employer benefits, Recognized as a subject of a Harvard Business School case study on scaling value-based care
Growth metrics
Expanded clinical offerings to include oncology and cardiovascular care; serves over 300+ employers and Fortune 500 companies.
Market positioning
Leading value-based Centers of Excellence (COE) platform for self-insured enterprises.
Geographic focus
North America (United States)
Patents and IP
Proprietary data models and scoring algorithms; no specific public utility patents disclosed, focusing instead on trade-secret data integrations.
About Sachin Jain
Sachin Jain is the Founder and CEO of Carrum Health. He has over 20 years of experience in healthcare strategy and operations. Prior to founding Carrum Health, he was a Senior Associate at Booz & Company, a Director at Accretive Health, and an Associate at The Parthenon Group. He began his career as an Analyst at Bank of America Merrill Lynch.
Official website: https://carrumhealth.com