Springbuk, the nation’s leading employer-facing health analytics software solution, won the Scale-up of the Year ($100K-$5M) award during TechPoint’s 19th annual Mira Awards gala honoring the best of tech in Indiana.
Springbuk is a bleeding-edge health intelligence software that has taken the health insurance space by storm. Since its founding three years ago, this software has been adopted by over 1,000 employers nationwide, ranging from blue collar factories to tech titans in Silicon Valley. To date, Springbuk has processed over $7 billion in total medical claims and identified over $250 million in potential health savings for their clients. As they expand, they aim to identify $4 billion in potential healthcare savings by 2020.
The Mira Award judges believe Springbuk and its software are tackling one of our nation’s biggest issues, not just by shifting costs, but by using data science to prevent illness, injury and disease. Healthcare costs are rising every year, and Springbuk has built software that empowers employers, insurance brokers, and other stakeholders to fight back.
In addition to their health intelligence software’s capability to identify potential health savings and design better benefits plans, Springbuk is partnering with national leaders in consumer-driven health initiatives to help employees make smarter healthcare decisions. Their integration with HealthJoy out of Chicago provides an artificial intelligence chatbot that can answer employee questions about their health plan, steer them towards more affordable healthcare providers, and make suggestions based on their past health claims about what care they may need.
The judges noted that Springbuk’s growth as a company was as remarkable as its achievements in tackling a leading national problem. The fast-growing scale-up is adding more than 100 new employer customers a month, and more than doubled its headcount and revenue in 2017. Springbuk recently announced it has secured investment of a $20 million Series B Round.
TechPoint, the growth initiative for Indiana’s tech ecosystem, honored the successes and innovation of Indiana companies, entrepreneurs, educators, and other leaders at The JW Marriott Indianapolis during the 19th annual Mira Awards gala presented by Angie’s List, Infosys, and Salesforce.
A total of 15 award winners and two honorable mentions were chosen from the 100+ outstanding companies, organizations, and individuals who were selected as nominees this year out of the 205 applications received highlighting achievements during the 2017 calendar year.
Fifty-two independent, volunteer judges spent more than 850 total hours reviewing and ranking applications, interviewing nominees, and selecting this year’s winners. Judges included company founders, CEOs and presidents; CTOs, CIOs and software developers; professors and chancellors from Indiana universities; design, human resources and sales professionals, and a variety of other subject matter experts.
The Mira Awards are named after the first of the brilliant variable stars to be discovered – the Mira Star. It is also the Latin root meaning “worthy of admiration, wonderful, marvelous.” The awards represent the best of tech in Indiana each year.