Cohesiv Health
Cohesiv Health operates a substantiation network that acts as the intelligence layer for consumer healthcare spending, enabling real-time validation of transactions on card rails. The company's API delivers item-level, audit-proof substantiation that removes administrative burdens from consumers and third-party administrators, allowing seamless spending from tax-advantaged accounts like HSAs while preserving interchange revenue.
- Financial Technology
- Healthcare Technology
- Software Only
Funding
Founders
Founder details are not available yet.
Product
Problem
Consumer healthcare spending on card rails has expanded rapidly, but the systems meant to validate these transactions have not kept pace. Existing payment flows force a choice between consumer-driven adjudication, which burdens consumers with documentation and discourages tax-advantaged account usage, or TPA-driven adjudication, which is costly and time-consuming for administrators who must chase consumers for paperwork.
Solution
Cohesiv Health operates a substantiation network that functions as the intelligence layer for consumer healthcare spend. The company automates trust between merchants, card networks, and fund administrators so healthcare transactions on card rails can be validated in real time. By delivering item-level, audit-proof substantiation through its API, Cohesiv removes the administrative burden from both consumers and third-party administrators, enabling seamless spending from tax-advantaged accounts like HSAs while preserving interchange revenue for administrators.
Target Audience
Primary customers are merchants and marketplaces handling healthcare payments, along with fund administrators and card issuers managing HSA and other consumer healthcare spend programs.
Features
- Real-time API for transaction substantiation at the point of sale
- Item-level data capture enabling audit-proof documentation
- Automated eligibility verification for HSA and other tax-advantaged accounts
- Unified infrastructure serving both merchants/marketplaces and administrators/issuers
- Designed to eliminate consumer paperwork and TPA chase efforts simultaneously