Remodel Health, an Indianapolis, IN-based individual coverage health reimbursement arrangement (ICHRA) provider for brokers, raised more than $100M.
The round was led by Oak HC/FT and Hercules Capital.
The company intends to use the funds to continue its national expansion.
Led by CEO Austin Lehman, Remodel offers an end-to-end tech platform that supports employers and employees with tools to launch and access their ICHRA plans, including plan creation and administration, call center support, automated quoting, employee onboarding, HRIS integrations and payments with carriers and access to ancillary products.
Its proprietary software and licensed health benefits experts deliver solutions for businesses with 100 to 10,000 employees.
Remodel acquired PeopleKeep in early 2024. Together, the two companies are positioned to serve small, medium and large employers, with a suite of products across ICHRA and QSEHRA.
