Handl Health

Handl Health operates a software platform that unifies healthcare pricing, utilization, benefit and quality data into a single analytical and operational layer used to evaluate, design and manage employer-sponsored health plans. Its core data comes from publicly disclosed files mandated by U.S. Hospital Price Transparency and Transparency in Coverage rules — negotiated payer-provider rates, gross charges and cash prices — which the company combines with claims data, Medicare rates and provider quality measures.

The product set spans four areas: plan intelligence (network and provider-level rate benchmarking against plan, carrier and provider benchmarks, with scenario modeling, cost projections and network adequacy analysis); member intelligence (a member app plus custom provider tiering to steer members toward higher-quality, lower-cost providers); AI-led insights that convert pricing and plan analytics into specific switch-or-stay recommendations; and client deliverables, including presentation-ready savings and fiduciary reports that can be white-labeled. The platform also supports ongoing claims reconciliation and monthly network performance monitoring, flagging overpayments and contract compliance gaps. Users can upload a census or claims file to obtain benchmarks across more than 150 networks and over 6,000 hospitals.

The company positions itself around alternative health plan design — including variable copay plans that payers and TPAs can activate on their own networks — arguing that plan builders need provider-level cost and quality performance data rather than a simple carrier or network choice.

Founding story

Co-founders Ahmed Marmoush (CEO) and Ria Shah (Chief Product Officer) founded Handl Health in 2022 after being awarded a grant from the National Institute of Health, motivated by their experience of the U.S. healthcare system. Marmoush has described the company's timing as coinciding with healthcare transparency legislation, noting large cost variation without corresponding quality variation between providers — for example a colonoscopy priced at $350 or $3,500.

Business model

Handl Health provides an AI-driven, SaaS-based platform sold to businesses in the employer-sponsored insurance value chain: insurance brokers and benefits consultants, employers/plan sponsors, and carriers and third-party administrators. Reports can be white-labeled by consultants for presentation to their own clients, and the platform is designed to integrate with existing TPA or carrier systems.

Software platform sold to benefits consultants, employers, carriers and TPAs; company-reported revenue growth of nearly 300% over the 12 months preceding February 2026.

Traction

Company-reported figures: more than $1 billion in self-funded medical costs analyzed in 2025; a reported $113 million in savings identified across nearly $1 billion in healthcare spend over two years (the website cites $112 million in network and plan-design savings); 22% average savings on shoppable procedures for members of Handl-powered alternative health plans; 53% adoption of top-rated providers; and revenue growth of nearly 300% over the 12 months to February 2026. Benchmarking coverage spans 150+ networks and 6,000+ hospitals. Named customers/testimonials include Avant Health (a third-party administrator) and unnamed national brokerages and benefits brokers.

Latest developments

In February 2026 Handl Health announced a $14.2 million Series A led by Arthur Ventures, with follow-on investment from Syndra Capital Partners and increased participation from earlier investors Mucker Capital, Riverfront Ventures, Digital Health Venture Partners and Boutique Venture Partners; proceeds are earmarked for platform expansion, deeper plan analytics and development efforts. Arthur Ventures vice president Nick Goblisch joined the announcement as a supporting investor voice. The company is also hiring and promoting a Transparency in Coverage data webinar.