Ribbon Health
API data platform for healthcare
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Company mission
To power every care decision to be accessible, affordable, and high quality.
Employees
21-100
HQ Location
Tribeca, New York, NY
OTTA INSIGHTS
Otta's take on Ribbon Health
Sam Franklin
CEO of Otta
One of the biggest roadblocks to reducing costs in the American healthcare system is the system’s inherent lack of transparency. Most healthcare networks and hospital systems can’t accurately account for the doctors they manage and which insurance plans those doctors accept. This leads to poor decision making and referrals, and approximately a third of healthcare spend is wasted as a result.
Ribbon’s SaaS offering collects data on what doctors and health plans can offer and who they work with in terms of insurance coverage. Essentially, it’s an API-based nationwide healthcare directory created to bring more transparency, increased efficiency and better decision making to in-person healthcare.
Ribbon already counts Oak Street Health, Well, and fast growth telehealth startup, Ro, among its clientele. It has raised tens of millions in funding from investors such as Andreessen Horowitz and Y Combinator, and has used this impressive backing to expand its sales and marketing efforts in order to increase adoption, as well as pushing for transparency in healthcare costs.
Total funding - $57.3m
Last 2 fundraises
Feb 2021
$3.5m
SERIES B
Nov 2021
$43.5m
SERIES B
This company has top investors
Company benefits
- 401k match
- Commuter benefits
- Fully sponsored medical, dental, and vision insurance
- Unlimited paid time off
- Flexible spending account (FSA)
- Mental health support
- Paid sick leave
- Access to virtual physical & mental health apps
- Company rejuvenation days
- Generous parental leave
- Fertility and growing family support
- Healthcare advocacy and assistance program
- Fully-stocked snacks & beverages
- Citi Bike membership
- Home office stipend
- Pet-friendly workplace
- Gym discounts
- Daily in-office lunch options
- Happy hours and team events
- NYC office with WFH flexibility
Company values
- Run towards hard problems - We are motivated by the toughest challenges. We seek out hard problems that have the most impact and solve them to help those who need it most
- Put your team first - We are a family. We are all happier and healthier when we take care of each other and put each other’s needs ahead of our own
- Do what you say - We are honest with each other. We are accountable to each other
- Stay hungry, keep improving - We are humble. We will make mistakes, learn from those mistakes, and be better because of those mistakes
- Practice habits of excellence - We measure our success by the process it took to get there. We will always do our very best and we are proud of the outcome because of it
- Build with empathy - We are building the best healthcare experience for our users. When faced with a difficult decision, we do what’s best for people’s lives
Founders
Nate Fox
(CTO & President)Studied Mechanical Engineering at MIT, MBA at Harvard Business School. Co-founder and Head of Product at Folo LLC. Product Marketing Manager at Microsoft for over a year. Worked at Unified for over a year, promoted from Technical PM to Analytics Engineer. For over 5 years has been an InSITE Fellow.
Nate Maslak
(CEO)MBA from Harvard Business School. Business Analyst for 2 years at McKinsey & Company. Co-founder of Sweat2Solutions. Led ID Graph at Datalogix for 3 years.
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Sales & Account Management