Bluespine - About the company
Bluespine is a seed company based in New York City (United States), founded in 2023 by Gal Frishman. It operates as a Developer of software identifying medical claims overbilling for insurance plans. Bluespine has raised $7.2M in funding from Team8. The company has 131 active competitors, including 31 funded and 13 that have exited. Its top competitors include companies like Consint, Codoxo and Care.fi.
Company Details
Developer of software identifying medical claims overbilling for insurance plans. The platform utilizes artificial intelligence to analyze healthcare claims against specific plan contracts to detect errors and recover unwarranted charges. It provides automated rule sets and reporting tools to assist employers and administrators in managing costs, ensuring compliance with fiduciary responsibilities, and monitoring plan performance. The system integrates with existing claims processors to perform audits without disrupting member benefits or requiring changes to internal workflows. Dashboard functionality allows users to track recovery progress and identify potential compliance issues within health benefit programs.
- Website
- www.bluespine.io/
- Email ID
- *****@bluespine.io
Key Metrics
Founded Year
2023
Location
New York City, United States
Stage
Seed
Total Funding
$7.2M in 1 round
Latest Funding Round
Investors
Ranked
23rd among 131 active competitors
Employee Count
25 as on Jul 31, 2026
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Bluespine's funding and investors
Bluespine has raised a total funding of $7.2M over 1 round. Its latest funding round was a Seed round on Nov 13, 2024 for $*****. 1 investor participated in its latest round. Bluespine has 1 institutional investor.
Here is the list of recent funding rounds of Bluespine:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Nov 13, 2024 | 3911730 | Seed | 7567105 | 3395055 | 6372397 | 4090704 |
View details of Bluespine's funding rounds and investors
Bluespine's founders and board of directors
Founder? Claim ProfileThe founders of Bluespine is Gal Frishman.
Here are the details of Bluespine's key team members:
- Gal Frishman: Co-Founder of Bluespine. Contact Info: 1 email address
View details of Bluespine's Founder profiles and Board Members
Bluespine's employee count trend
Bluespine has 25 employees as of Jul 26. Here is Bluespine's employee count trend over the years:
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Bluespine's Competitors and alternates
Top competitors of Bluespine include Consint, Codoxo and Care.fi. Here is the list of Top 10 competitors of Bluespine, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of AI-driven solutions for healthcare claims, fraud detection, and automation | $5.7M | 64/100 | ||
2nd | Codoxo 2016, Atlanta (United States), Series C | AI-based platform for employee and individual healthcare planning | $75M | 63/100 | |
3rd | Provider of financial solutions for hospitals, doctors, and allied healthcare suppliers | $10.6M | 61/100 | ||
4th | Digital Owl 2017, Portland (United States), Acquired | Provider of AI platform for medical data analysis and insights | $38.6M | 60/100 | |
5th | Alaffia Health 2020, New York City (United States), Series B | AI platform for healthcare claims management and automation | $72M | 58/100 | |
6th | CarePay 2015, Amsterdam (Netherlands), Series A | Developer of software platforms for managing health insurance claim operations | $61.8M | 57/100 | |
7th | Eligible 2011, San Francisco (United States), Series A | Cloud based insurance claim processing solutions for insurers | $27.9M | 56/100 | |
8th | Provider of revenue cycle and claims management platform for healthcare | $45.2M | 56/100 | ||
9th | Taxo 2024, San Francisco (United States), Seed | Developer of data extraction and reasoning engine for healthcare administration | $5.5M | 55/100 | |
10th | Jopari 2003, Concord (United States), Acquired | Online platform for managing medical claim transactions | $28.3M | 51/100 | |
23rd | Bluespine 2023, New York City (United States), Seed | Developer of software identifying medical claims overbilling for insurance plans | $7.2M | 44/100 |
Looking for more details on Bluespine's competitors? Click here to see the top ones
Bluespine's Investments and acquisitions
Bluespine has made no investments or acquisitions yet.
Reports related to Bluespine
Here is the latest report on Bluespine's sector:
News related to Bluespine
Media has covered Bluespine for 1 event in last 1 year, It was about partnerships.
•
Transcarent Partners with Bluespine to Launch Payment Integrity Category for Self-Insured EmployersHIT Consultant•Mar 17, 2026•Transcarent, , Bluespine
•
Bluespine Raises $7.2 Million in Seed Funding to Help Self-Insured Employers Tackle Medical Overbillingintelligence360•Nov 21, 2024•Bluespine, Team8
•
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