Handl Health

What Handl Health does

Handl Health is an AI-driven price transparency platform founded in 2022 by Ahmed Marmoush and Ria Shah following NIH-funded research on the impact of US price transparency legislation. The company's core technology uses proprietary AI models to ingest, clean, and organize publicly available healthcare pricing data from hospital transparency files, payer machine-readable files (MRFs), claims, Medicare rates, and provider directories, then applies a three-step validation process against industry benchmarks and claims data. Its product suite centers on Iris, a self-service network analytics tool for benefits consultants that performs real-time contracted rate comparisons, automated claims repricing, and network disruption modeling, and Arke, a member-facing real-time cost information tool that guides plan members to higher-value care. An end-to-end Alternative Health Plans (AHP) platform extends these capabilities to carriers and TPAs for designing variable-pricing plans and episode bundles.

The company operates a B2B SaaS revenue model via direct enterprise sales targeting four primary buyer segments: benefits consultants and insurance brokers, third-party administrators (TPAs), insurance carriers, and self-funded employers (indirect). Pricing is quote-based with no public tiers, indicating enterprise contracts rather than self-serve SMB volume. The go-to-market is sales-led and field-driven, demonstrated by conference presence at SIIA, AHIP, and the Employee Benefits Leadership Forum, podcast appearances, and a Schedule a Demo call-to-action. Distribution is primarily US-domestic through direct sales with a self-service web entry point.

Handl Health has raised approximately $14.2M in a February 2026 Series A led by Arthur Ventures, following a $2.5M seed in April 2024 co-led by Mucker Capital and Everywhere Ventures, and a $1.3M NIH Phase II SBIR grant. The company is SOC 2 Type II certified, reports 150,000+ members covered across its platform, and cites $113M in customer savings identified across nearly $1B in healthcare spend over two years. The company is headquartered in Culver City, Los Angeles, is incorporated in Delaware, and operates with 11-50 employees.

Name

Handl Health

Legal name

Handl Health, INC.

Website

https://handlhealth.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Healthcare price transparency analytics software

NAICS

Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292), Other Scientific and Technical Consulting Services (541690)

SIC

Services-Health Services (8000)

akta.pro primary industry

Claims Management & Digital FNOL Platforms (FSAGAGAC)

Keywords

• Healthcare price transparency
• Network analytics platform
• Benefits consulting software
• Alternative health plans
• Claims repricing

Headquarters

HQ city

Wilmington

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations

Revenue model

1. SaaS Platform Subscription: B2B SaaS platform providing analytics and plan design tools to benefits consultants, brokers, carriers, and TPAs. Revenue generated through subscription-based access to network analytics (Iris), member tools (Arke), and AHP creation platform.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

Handl Health is a B2B SaaS platform that aggregates and analyzes publicly available healthcare pricing data (hospital price transparency files, payer MRFs, claims, Medicare rates, provider directories) using proprietary AI models. Its products — Iris (network analytics for benefits consultants), Arke (member-facing cost information), and the AHP creation layer (for carriers and TPAs) — enable consultants, brokers, TPAs, and carriers to compare contracted rates, reprice claims, model network disruption, and build alternative health plans for employer-sponsored benefits.

Product overview

Handl Health is a first-to-market AI platform that serves as the core technology for employer-sponsored health insurance design and management. The platform consists of two primary products: Iris (an AI-driven network analytics tool for benefits consultants enabling real-time contracted rate comparisons, claims repricing, and disruption analysis) and Arke (a member-facing real-time cost information tool for care price comparison). Together, these products unify healthcare pricing, utilization, benefit, and quality data into a single analytical layer, empowering brokers, carriers, and third-party administrators to build flexible, cost-effective health benefits and alternative health plans.

Differentiator

Problem solved

Functional benefit

Brands

• Iris: AI-driven network analytics tool for benefits consultants to evaluate networks and compare contracted rates.
• Arke

Products and services

• Iris AI-driven network analytics tool for benefits consultants that provides real-time contracted rate comparisons, automated claim-line repricing (with outputs in dollars and Medicare percentages), disruption risk analysis, and provider rate evaluation across specialties and hospitals, enabling network comparison and modeling of network changes for employer-sponsored health plans.
• Arke Real-time, member-facing cost information tool that delivers price estimates for healthcare procedures so members can compare costs across facilities and make informed care decisions when searching for services.
• Handl Health Platform (Alternative Health Plans / AHP creation layer) End-to-end AI platform layer that connects carrier networks, provider performance data, claims, quality and outcomes, and episode bundles into a single analytic and pricing layer, enabling carriers and TPAs to build customizable, variable-pricing alternative health plans.

Quantifiable outcome

• 22% average cost savings on shoppable procedures through alternative health plans
• +5 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature5 records

Partnerships

One partnership is on record.

• Avant HealthminorOthers · 24 February 2026Customer using Handl platform as a third-party administrator. Uses platform to evaluate costs, design networks, and guide members to higher-value care through alternative health plans.

Scale indicators12 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Turquoise Health: Turquoise Health operates a price transparency platform that aggregates hospital and payer rate data for providers, payers, and employers. It is the closest direct competitor to Handl, competing on contract-rate analytics and employer-facing plan-design tooling.
• Healthcare Bluebook: Healthcare Bluebook provides cost and quality transparency data to employers, benefits consultants, and TPAs for procedure-level shopping and network steerage. Comparable to Handl's Arke member-facing cost tool and the consultant analytics layer.
• Garner Health: Garner Health combines physician quality and cost data to steer employees to high-value providers and design narrow networks for self-funded employers. Comparable to Handl's provider performance and network disruption analytics.
• Pareto Intelligence: Pareto Intelligence provides healthcare analytics for payers and providers focused on payment integrity, risk adjustment, and network optimization. Overlaps with Handl's contract-rate analytics and claims repricing capabilities.
• Springbuk: Springbuk offers health benefits analytics for employers, brokers, and TPAs focused on spend, utilization, and population health. Comparable to Handl as a broker/benefits analytics layer, though more focused on utilization than price transparency.

Broad incumbents

• Castlight Health: Castlight Health is an established employee health benefits navigation and analytics platform serving large self-funded employers. Broader than Handl but operates in the same employer benefits transparency/navigation category.
• Accolade: Accolade provides personalized health benefits navigation and clinical advocacy to employers and health plans. A broader incumbent with overlapping employer-facing benefits tools, though not specialized on price transparency data.
• MultiPlan: MultiPlan is an established cost-containment and provider network analytics firm serving payers and self-funded employers, with overlap into claims repricing and out-of-network negotiation comparable to Handl's Iris repricing features.
• Mercer (Marsh McLennan): Mercer is a global benefits consulting and brokerage firm that advises employers on health plan design and could itself build or partner for price-transparency analytics capabilities comparable to Handl's Iris platform.

Emerging players

• Rightway Healthcare: Rightway is a healthcare navigation and pharmacy benefits platform for employers, with steerage tools that overlap with Handl's Arke member-facing cost guidance, but is less focused on broker-side network analytics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/handl-health

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds9 records

Investors16 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Handl Health