As the industry becomes increasingly unbundled, the complexity of integrations and the ongoing data exchanges needed for these demanded solutions will burden payers and ultimately inhibit consumers from accessing the right type of care," said Cedric Kovacs-Johnson, founder and CEO of Flume Health.
The platform is becoming widely accessible so that users can simply drag and drop to set up an integration. The engineering team would have had to spend months managing the myriad of integrations related to Flume's customers' health plans however, after building Flume Relay, they now spend a mere few hours in one day executing the same task. The inspiration for Flume Relay originated from Flume's engineering team, which initially created Relay in-house to easily connect and manage the hundreds of integrations related to health plan administration. For commercial plans, payers can now be unencumbered by the number of configurations self-insured customers may demand. Its simplicity reduces the cost and time by nearly 80% and shifts the burden of new integrations away from engineering, allowing anyone in the organization to set up and manage data trades with solutions that are offered as part of plan design. Payers allocate as much as a few million dollars in their budget per new integration, and their IT and engineering teams are mired for weeks and months in setting up new integrations for a health plan.įlume Relay is a user-friendly automation platform that serves as a universal translation layerįor information exchange for payers and solutions. Incumbents and challenger health plans alike face the same complex challenge of integrating the service solutions into their administrative systems and managing the related data exchanges after integration. Vendor companies offer solutions that range from managing chronic diseases to providing pharmacy benefit management services. Health plans are experiencing vendor fatigue at an increasingly high rate. Flume Relay reduces integration cost and time by nearly 80%, while unlocking greater commercial opportunities.
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