BoxGroup

BoxGroup Services, LLC is a venture capital firm based in New York City, founded in 2009. It specializes in early-stage investments, primarily focusing on pre-seed, seed, and early Series A rounds. The firm targets a variety of sectors, including disruptive technology, healthcare, biotech, food, software as a service, e-commerce, and fintech. BoxGroup typically invests between $50,000 and $500,000 in each company, emphasizing a conviction in the founding team and their vision to create category-defining businesses. Although it primarily invests in New York City, Silicon Valley, and Los Angeles, the firm is open to opportunities globally. Notably, BoxGroup does not take board seats or ownership stakes in the companies it supports.

Brian Aledort

CFO

Adina Davis

Principal

Nimi Katragadda

Partner

Greg Rosen

Partner

Adam Rothenberg

Partner

Claire Smilow

Principal

Past deals in Health Insurance

Nourish

Series A in 2024
Nourish is improving people’s health by making it easy to eat well. We provide clinical-grade nutrition care powered by a virtual network of registered dietitians, all covered by health insurance.

Fabric

Series A in 2024
Fabric is a health tech company that enables healthcare providers to deliver faster, higher quality, and more accessible care while reducing costs via consumer-grade patient experiences that automate workflows for staff.

Fortuna Health

Seed Round in 2023
Fortuna streamlines Medicaid navigation for consumers, covering eligibility, enrollment, and renewal processes seamlessly.

Fabric

Seed Round in 2023
Fabric is a health tech company that enables healthcare providers to deliver faster, higher quality, and more accessible care while reducing costs via consumer-grade patient experiences that automate workflows for staff.

Nourish

Seed Round in 2023
Nourish is improving people’s health by making it easy to eat well. We provide clinical-grade nutrition care powered by a virtual network of registered dietitians, all covered by health insurance.

Paytient

Series B in 2023
Paytient is a financial platform designed to enhance healthcare decision-making by facilitating payment options for medical expenses. The company offers solutions such as the Health Payment Account (HPA) and the Medicare Prescription Payment Plan, which can be integrated with various health insurance plans. These payment methods empower users to manage their healthcare costs more effectively, encouraging timely treatment and reducing financial stress. By promoting the adoption of deductible health plans, Paytient aims to serve 25 million individuals and 6,000 enterprise clients, including prominent employers and insurers. The platform has garnered positive feedback, reflected in its high Net Promoter Score and strong ratings on Trustpilot.

Source

Seed Round in 2022
Source Health enables product leaders, engineers, and clinicians to collaborate on building healthcare experiences that place the patient at the center.

Candid Health

Series A in 2022
Candid Health is a platform that automates revenue cycle management for healthcare providers, facilitating efficient tracking of claims and management of billing processes. Utilizing machine learning and artificial intelligence, the platform streamlines medical billing, coding, and claims processing, thereby reducing administrative burdens and enhancing operational efficiency. By offering end-to-end automation, Candid Health optimizes financial operations for clinics and hospitals, allowing healthcare providers to concentrate on delivering quality, affordable, and accessible care while ensuring faster service reimbursement. The platform seamlessly integrates with existing systems, providing modern tools that simplify the complexities of medical billing and improve overall patient experiences.

Ribbon Health

Series B in 2021
Ribbon Health, Inc. operates a software as a service (SaaS) platform that delivers essential data on healthcare providers, insurance plans, and the quality and cost of care. The platform includes features such as provider directories, referral management, care navigation, and insurance enrollment. Ribbon Health serves various clients, including health insurance companies, third-party administrators, clinics, hospitals, and digital health solutions. The company was incorporated in 2016 and is headquartered in New York, New York. Originally named HealthWiz, Inc., it rebranded to Ribbon Health, Inc. in March 2018.

Alma

Series C in 2021
Alma is a membership-based network for mental health care providers that aims to improve access to high-quality, affordable mental health care. Its platform enables providers to accept insurance and also provides a member directory, client-matching service, scheduling, and billing functions, as well as education, training, and a community for support.

Garner Health

Series A in 2021
Garner Health is a provider of healthcare services used to help employers give their employees a better healthcare experience. The company offers its solution through employers who want to give their employees a better quality healthcare experience and in-turn save on the cost of healthcare because the best doctors end up costing the least money. Garner Health was founded in 2019 and is headquartered in New York.

Alma

Series B in 2021
Alma is a membership-based network for mental health care providers that aims to improve access to high-quality, affordable mental health care. Its platform enables providers to accept insurance and also provides a member directory, client-matching service, scheduling, and billing functions, as well as education, training, and a community for support.

Paytient

Venture Round in 2020
Paytient is a financial platform designed to enhance healthcare decision-making by facilitating payment options for medical expenses. The company offers solutions such as the Health Payment Account (HPA) and the Medicare Prescription Payment Plan, which can be integrated with various health insurance plans. These payment methods empower users to manage their healthcare costs more effectively, encouraging timely treatment and reducing financial stress. By promoting the adoption of deductible health plans, Paytient aims to serve 25 million individuals and 6,000 enterprise clients, including prominent employers and insurers. The platform has garnered positive feedback, reflected in its high Net Promoter Score and strong ratings on Trustpilot.

Ribbon Health

Series A in 2020
Ribbon Health, Inc. operates a software as a service (SaaS) platform that delivers essential data on healthcare providers, insurance plans, and the quality and cost of care. The platform includes features such as provider directories, referral management, care navigation, and insurance enrollment. Ribbon Health serves various clients, including health insurance companies, third-party administrators, clinics, hospitals, and digital health solutions. The company was incorporated in 2016 and is headquartered in New York, New York. Originally named HealthWiz, Inc., it rebranded to Ribbon Health, Inc. in March 2018.

Walrus Health

Seed Round in 2019
Walrus Health is a personal health management platform based in San Francisco, California, founded in 2019. The company aims to reduce pharmaceutical costs and enhance patient health by providing affordable medication solutions. Its platform offers services such as discounts on medications, refills, and tele-pharmacy support, which allows users to communicate with personal pharmacists regarding their prescriptions. Additionally, Walrus Health facilitates coordination among healthcare providers, ensuring that patients receive necessary follow-ups and medication adherence assistance. The platform also offers solutions for employers and payers, focusing on member communication and claims management to improve overall healthcare outcomes.

Alma

Series A in 2019
Alma is a membership-based network for mental health care providers that aims to improve access to high-quality, affordable mental health care. Its platform enables providers to accept insurance and also provides a member directory, client-matching service, scheduling, and billing functions, as well as education, training, and a community for support.

Truepill

Series A in 2019
Truepill is a B2B pharmacy fulfillment service. They provide a pharmacy API and fulfillment of medications to 50 states from their own facilities. They work directly with D2C consumer brands (e.g. Hims, Nurx), digital health companies, and other healthcare organizations. They are a team of 150 employees and have raised funding from Initialized Capital, Y Combinator, Slow Ventures, Sound Ventures, Tuesday Capital, Foundation Capital, Index Ventures, Social Capital, Box Group, Joe Montana, and others. Founded in 2016 by Umar Afridi and Sid Viswanathan, Truepill is headquartered in San Mateo, California.

Alma

Seed Round in 2018
Alma is a membership-based network for mental health care providers that aims to improve access to high-quality, affordable mental health care. Its platform enables providers to accept insurance and also provides a member directory, client-matching service, scheduling, and billing functions, as well as education, training, and a community for support.

SmithRx

Series A in 2018
SmithRx is a San Francisco-based company that specializes in designing and managing custom pharmacy benefit plans for employers. Founded in 2016, it operates on a modern technology platform that enhances flexibility, efficiency, and customer satisfaction in the pharmacy benefits space. The company aims to provide a cost-competitive pharmacy benefit management service through a pass-through model, a unified technology platform, and concierge-level support. By leveraging data analytics, SmithRx offers transparency and control over pharmacy benefits, enabling employers and their employees to better manage prescription costs. The team at SmithRx combines expertise from various healthcare and technology sectors, ensuring that clinical programs and alternative sourcing are effectively integrated into their service offerings. This approach not only focuses on reducing drug spending but also enhances the overall experience for members navigating their pharmacy benefits.

Ribbon Health

Seed Round in 2018
Ribbon Health, Inc. operates a software as a service (SaaS) platform that delivers essential data on healthcare providers, insurance plans, and the quality and cost of care. The platform includes features such as provider directories, referral management, care navigation, and insurance enrollment. Ribbon Health serves various clients, including health insurance companies, third-party administrators, clinics, hospitals, and digital health solutions. The company was incorporated in 2016 and is headquartered in New York, New York. Originally named HealthWiz, Inc., it rebranded to Ribbon Health, Inc. in March 2018.

SmithRx

Series A in 2018
SmithRx is a San Francisco-based company that specializes in designing and managing custom pharmacy benefit plans for employers. Founded in 2016, it operates on a modern technology platform that enhances flexibility, efficiency, and customer satisfaction in the pharmacy benefits space. The company aims to provide a cost-competitive pharmacy benefit management service through a pass-through model, a unified technology platform, and concierge-level support. By leveraging data analytics, SmithRx offers transparency and control over pharmacy benefits, enabling employers and their employees to better manage prescription costs. The team at SmithRx combines expertise from various healthcare and technology sectors, ensuring that clinical programs and alternative sourcing are effectively integrated into their service offerings. This approach not only focuses on reducing drug spending but also enhances the overall experience for members navigating their pharmacy benefits.

SmithRx

Seed Round in 2017
SmithRx is a San Francisco-based company that specializes in designing and managing custom pharmacy benefit plans for employers. Founded in 2016, it operates on a modern technology platform that enhances flexibility, efficiency, and customer satisfaction in the pharmacy benefits space. The company aims to provide a cost-competitive pharmacy benefit management service through a pass-through model, a unified technology platform, and concierge-level support. By leveraging data analytics, SmithRx offers transparency and control over pharmacy benefits, enabling employers and their employees to better manage prescription costs. The team at SmithRx combines expertise from various healthcare and technology sectors, ensuring that clinical programs and alternative sourcing are effectively integrated into their service offerings. This approach not only focuses on reducing drug spending but also enhances the overall experience for members navigating their pharmacy benefits.

Maxwell Health

Series A in 2013
Maxwell Health simplifies benefits and HR for small-to-mid-sized employers. The platform includes a marketplace that makes buying benefits intuitive for employees, tools that streamline HR processes including benefits administration and payroll, and a mobile app that makes using benefits easy. Their purpose is to help American families achieve health and financial well-being by modernizing how employees experience insurance, financial, and wellness benefits. The platform is provided by benefits advisors as well as insurance and retirement companies that license their technology. It was founded in 2012 and is headquartered in Boston, Massachusetts.

Maxwell Health

Series A in 2013
Maxwell Health simplifies benefits and HR for small-to-mid-sized employers. The platform includes a marketplace that makes buying benefits intuitive for employees, tools that streamline HR processes including benefits administration and payroll, and a mobile app that makes using benefits easy. Their purpose is to help American families achieve health and financial well-being by modernizing how employees experience insurance, financial, and wellness benefits. The platform is provided by benefits advisors as well as insurance and retirement companies that license their technology. It was founded in 2012 and is headquartered in Boston, Massachusetts.

Oscar Health

Series A in 2013
Oscar Health is a health insurance company that offers a range of plans for individuals, families, and small groups, as well as Medicare Advantage options for adults aged 65 and older. Founded in 2012 by Joshua Kushner, Kevin Nazemi, and Mario Schlosser, the company is headquartered in New York City. Oscar Health employs technology and data-driven solutions to enhance the healthcare experience, providing virtual care, doctor support, and appointment scheduling services. Its plans are available in select regions of New York, New Jersey, California, and Texas, catering to those who do not receive employer-sponsored health insurance.
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