# Empyrean Health

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/empyrean-health

- Industry: Healthcare IT
- Headquarters: Houston, US
- Website: www.goempyrean.com
- Total disclosed funding: $3M
- Latest round: Series B (Jul 27, 2006)
- Investors on record: 1

## About

Empyrean Health is a healthcare technology company that provides a comprehensive suite of benefits administration services, enhancing employee engagement and streamlining operational processes for organizations across various industries.Founded in 2005 and headquartered in Houston, US, Empyrean Health specializes in benefits administration services. The company has undergone significant growth and raised USD 41 mn in a RECAPPITALISATION round led by FTV Capital on March 12, 2013. Richard Wolfe serves as the CEO, guiding the company's strategic vision in the benefits administration space.Empyrean specializes in offering a comprehensive suite of benefits administration services and technology solutions designed to enhance employee engagement and streamline operational processes for organizations. Its core product offerings include a centralized Benefits Administration Platform that facilitates eligibility and enrollment, data exchange and integrations, reporting and analytics, and employee communications. The platform addresses multiple use cases, such as simplifying benefit selection for employees, ensuring compliance with regulations like ACA and COBRA, and enhancing internal communications through a mobile app and omnichannel support. Primarily serving industries such as healthcare, transportation, retail, and manufacturing, Empyrean's clientele includes brokers, advisors, and service providers across the United States and Canada, delivering tailored experiences that meet the unique needs of their workforce and organizational culture.Empyrean generates revenue through a structured model that incorporates B2B partnerships, subscriptions, and service agreements with its clients. The company provides its services under various pricing plans that are designed to accommodate the specific needs of organizations, facilitating transactions that encompass billing, compliance management, and employee support. Clients engage with Empyrean's services for comprehensive benefits management, often utilizing their flagship Benefits Administration Platform, which integrates multiple functionalities such as direct billing and consumer accounts. These engagements not only enhance operational efficiency but also ensure that employers can focus on core business activities while relying on Empyrean's expertise in navigating complex benefits administration.With the recent funding of USD 41 mn from FTV Capital, Empyrean Health plans to expand its product offerings and enhance its Benefits Administration Platform. The company is exploring new markets, specifically targeting the healthcare and retail sectors in North America by the end of 2024. Additionally, the capital raised will support the development of new features aimed at improving user experience and operational efficiency.

## Funding rounds

- Series B, Jul 27, 2006, $3M — Claritas Capital

## Investors

- Claritas Capital (https://capitalatlas.ai/funds/claritas-capital) — Series B