Minnesota health IT firm RedBrick Health, which develops corporate wellness programs for large self-insured employers, has raised another $5 million, per a recently amended regulatory filing.
Earlier this year, the company raked in $5 million. It still wants $5 million more.
RedBrick has been on a rapid growth spurt, said its spokesman Pat Sukhum recently. That led to the hiring of a new chief executive as the founder of the company, Kyle Rolfing, transitioned to the board.
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What Healthcare Can Learn from Costco
The path forward is clear: employers must evaluate their health plan the same way they do their Saturday shopping excursion.
RedBrick has also made a string of new senior management hires since the beginning of the year, including a new CFO, a new business development officer and a new chief marketing officer.
RedBrick’s investors are Kleiner Perkins Caufield Byers, Highland Capital Partners, Versant Ventures, Fidelity Ventures and HLM Venture Partners, according to its website.