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Vitori Health is thrilled to announce its acquisition of Flume Health’s third-party administrator (TPA) operations. This strategic purchase complements Vitori’s significant growth and adds talented new team members, further enabling it to deliver industry-leading health plans and remarkable member services.

Like Vitori, Flume is recognized for its modern architecture and leading-edge capabilities. This highly complementary union furthers Vitori’s commitment to delivering transparent, cost-reducing, value-enhancing, member-first healthcare solutions and services to its clients.

Key highlights of acquiring Flume’s TPA operations include:

• Increased Capacity | Expands Vitori’s operational capacity to spark continued growth and meet market demand through the acquisition of Flume TPA team members, TPA clients, and administration technology.
  
• Enhanced Technology | Augments Vitori’s existing infrastructure to deliver innovative healthcare solutions and administrative efficiencies.
  
• Administrative Agility | Strengthens Vitori’s administrative flexibility and its ability to offer more tailored and customized solutions to its clients.

Tim O’Brien, Vitori Health CEO, describes the acquisition of Flume’s TPA operations as “an ideal fit to bolster our strengths and fuel our continued, quality-focused expansion.” Further, it “aligns with our strategic market orientation and rapid growth” and “complements our existing payer services and plan administration capabilities as well as adding significant talent to our existing experienced team.”

The founder & CEO of Flume Health, Cédric Kovacs-Johnson, is equally energized by Vitori’s acquisition of its TPA operations because of shared values and a shared “mission to deliver modern health plan experiences.” He adds, “This decision allows Flume to focus on software products, including our data exchange platform called Relay, solving the critical interoperability challenges in the payer ecosystem.”

Vitori Health is known for its dedication to improving healthcare costs and outcomes, and to delivering exceptional customer experiences. The acquisition of Flume’s TPA operations is a testament to its vision to be at the forefront of healthcare innovation.

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KANSAS CITY, Mo., August 29, 2023 — Vitori Health, a national precision-built health plan solution that provides a high-performing alternative for mid-market employers and their employees, announced today its Vitori Vantage product, an industry first 36-Month Level Premium Plan.

As an innovator in the health insurance industry, Vitori Health is thrilled to announce this groundbreaking new product. Vitori Vantage is a revolutionary offering that will transform the marketplace through exceptional value for employers and employees nationwide with three (3) full years of unchanging health plan premiums.

This 3-Year Level Premium Plan represents the next stage of ingenuity and innovation for which Vitori is known. It leverages proprietary financial engineering with unique features and benefits to combat continually rising annual health plan costs.

“We are very excited to offer the Vitori Vantage product,” stated Tim O’Brien, Vitori CEO. “It is a game changer for employers seeking multi-year health plan premium stability for their business and for their employees. Vitori Vantage is the only plan that locks in annual premiums for 36 months, eliminating cost increases that are trending at 10% or more annually. The launch of our Vitori Vantage product upholds our history of meeting market demands for innovative products that drive down the cost of healthcare while improving employee benefits and support.”

Unique features of the Vitori Vantage Plan:

• Complete all-in rate lock for 3 full years
• No increase in administrative, claims, or reinsurance expenses for three (3) years
• Renewable for additional 3-year term
• Surplus premium available for renewal or pay out

Enhanced member benefits include:

• Full-service concierge provides plan members enhanced personal service
• No balance billing liability
• $0 PCP visits
• $0 generic Rx and $0 specialty Rx with financial assistance and lower cost drug sourcing
• $0 virtual care for physical and behavioral health
• $0 for surgeons of excellence elective procedures

Vitori’s Vantage 3-Year Level Premium Plan is available to select brokers / advisors and employer organizations. Additional information about Vitori Health and the Vantage Plan is available on the Vitori website.

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About Vitori Health

Vitori Health is a comprehensive next-generation health plan solution focused on expense reduction and increased value through evidence-driven design, payment integrity controls, better member value, and guaranteed results. Vitori’s success is anchored in its ability to drive 30% savings by addressing legacy health insurance conflicts of interest, service, and cost control challenges while delivering an exceptional member experience and an unmatched savings guarantee.

Built from the ground up, Vitori leverages proprietary technology and business processes to seamlessly integrate custom-designed features, including concierge member support and advocacy, unique medical payment controls, preferred surgical arrangements, optimized pharmacy pricing, and employer contracting without hidden fees. The result is a high-performance health plan that is significantly less expensive for plan sponsors and employees.

Website | vitorihealth.com

LinkedIn | https://www.linkedin.com/company/vitori-health/

Media Contact | Neil Quinn | nquinn@vitorihealth.com | 216-284-1862

2 minThe latest strategic investment is designed to scale the company, add key talent, and expand the Kansas City headquarters.

Vitori Health, a precision-built health plan solution combining best-in-class supply chain and plan elements to provide a high-performing alternative for employers and employees, announced an additional $30 million in committed funding from BV Investment Partners.

With employer health plan members in all 50 states, Vitori has continued to expand its reach in middle to upper markets by offering a continuum of models allowing employers to balance financial imperatives while providing employees with a better health plan experience. Vitori’s flagship product, Fair Market Payment™, an open access model, enables employees to use any physicians, facilities, and hospitals they choose while removing traditional network-associated costs for plan sponsors.

The investment will support Vitori’s rapid growth and expansion amid increased demand from benefits advisors and employers, as well as adding key talent, developing new products, and expanding their Kansas City corporate headquarters.

“Vitori is a market shaper whose offerings align with our strategic investment orientation,” says Vikrant Raina, CEO and Managing Partner at BV Investment Partners. “Vitori immediately improves its clients’ profitability and helps their employees spend less on healthcare, which is especially important in the current economy. This follow-on investment will directly support the company’s continued impressive growth and client retention.”

Vitori’s success is anchored in its ability to drive 30% savings by addressing legacy health insurance conflicts of interest, service, and cost control challenges while delivering an exceptional member experience and an unmatched savings guarantee. Built from the ground up, Vitori leverages proprietary technology and business processes to seamlessly integrate custom-designed features, including concierge member support and advocacy, unique medical payment controls, preferred surgical arrangements, optimized pharmacy pricing, and employer contracting without hidden fees. The result is a high-performance health plan that is significantly less expensive for plan sponsors and employees.

“We are pleased to have our success acknowledged by another strategic investment from BV Investment Partners,” said Tim O’Brien, Vitori Health CEO. “This investment will further increase our ability to do more for employers while continuing to enhance healthcare simplicity, affordability, and support for their employees.”

About BV Investment Partners

BV Investment Partners is one of the oldest and most experienced sector-focused private equity firms in North America. Since its founding in 1983, the firm has invested approximately $4.4 billion, actively targeting investments in the tech-enabled business services, software, and IT services industries.

About Vitori Health

Vitori Health is a comprehensive next-generation health plan solution focused on expense reduction and increased value through evidence-driven design, payment integrity controls, better member value, and guaranteed results.

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2 min

Giving Employers and their Members a Less Costly, More Compassionate Health Plan Read More about BV Investment Partners Takes an Ownership Stake in Vitori Health