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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.
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
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
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Bluespine's founders and board of directors

Founder? Claim Profile
The founders of Bluespine is Gal Frishman.
Here are the details of Bluespine's key team members:

Bluespine's employee count trend

Bluespine has 25 employees as of Jul 26. Here is Bluespine's employee count trend over the years:
Employee count trend for Bluespine
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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:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Consint
Consint
2020, Noida (India), Series A
Provider of AI-driven solutions for healthcare claims, fraud detection, and automation
$5.7M
64/100
2nd
Logo for Codoxo
Codoxo
2016, Atlanta (United States), Series C
AI-based platform for employee and individual healthcare planning
$75M
63/100
3rd
Logo for Care.fi
Care.fi
2021, Gurugram (India), Series A
Provider of financial solutions for hospitals, doctors, and allied healthcare suppliers
$10.6M
61/100
4th
Logo for Digital Owl
Digital Owl
2017, Portland (United States), Acquired
Provider of AI platform for medical data analysis and insights
$38.6M
60/100
5th
Logo for Alaffia Health
Alaffia Health
2020, New York City (United States), Series B
AI platform for healthcare claims management and automation
$72M
58/100
6th
Logo for CarePay
CarePay
2015, Amsterdam (Netherlands), Series A
Developer of software platforms for managing health insurance claim operations
$61.8M
57/100
7th
Logo for Eligible
Eligible
2011, San Francisco (United States), Series A
Cloud based insurance claim processing solutions for insurers
$27.9M
56/100
8th
Logo for Osigu
Osigu
2015, Guatemala City (Guatemala), Series B
Provider of revenue cycle and claims management platform for healthcare
$45.2M
56/100
9th
Logo for Taxo
Taxo
2024, San Francisco (United States), Seed
Developer of data extraction and reasoning engine for healthcare administration
$5.5M
55/100
10th
Logo for Jopari
Jopari
2003, Concord (United States), Acquired
Online platform for managing medical claim transactions
$28.3M
51/100
23rd
Logo for Bluespine
Bluespine
2023, New York City (United States), Seed
Developer of software identifying medical claims overbilling for insurance plans
$7.2M
44/100
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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.
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FAQs about Bluespine

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