← State of Embedded Finance 2026

Remodel Health

Can a SaaS platform become the dominant operating layer for employer-sponsored ICHRA health benefits by embedding automated premium payments and deep payroll connectivity?

HQIndianapolis, Indiana, United States
Total raised$100M+
Latest roundGrowth, 2024-2025
IndustryVertical SaaS / Healthcare
The story

Remodel Health was built as a SaaS platform to help employers and brokers transition from traditional group health plans to Individual Coverage Health Reimbursement Arrangements (ICHRAs). It has grown into the largest ICHRA administrator in the US, handling plan selection, enrollment, and automated premium payments for 100,000+ members. The company has layered in deep payroll connectivity (via Finch and direct integrations with Paylocity and others) as a key sales and retention differentiator, making payroll data sync a core part of its embedded finance story. With $100M+ in growth funding, it is expanding its tech platform to further automate health benefit administration at scale.

Last 12 months
2025-10
2026-05
Product timeline
2025
Partnered with Finch to automate payroll roster syncs and deductions, unlocking 5 new integrations in 8 weeks and closing 20+ deals.· acquisition
2025
Raised over $100 million in growth funding led by Oak HC/FT with participation from Hercules Capital.· ipo
2026
Announced strategic integration with Paylocity to streamline ICHRA adoption and payroll data connectivity.· pivot
The stack
Payroll
Finch
Accounting gap: none