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The Quiet Giant of Self-Funding
How HealthEZ built a $40M revenue machine in the invisible middle-market insurance layer
In a market dominated by giants like UnitedHealth and Cigna, HealthEZ has carved out a $40.4M revenue niche by doing one thing exceptionally well: third-party administration for self-funded health plans. They're not selling insurance—they're the invisible engine behind mid-market employers who want control over their healthcare costs.
"HealthEZ isn't playing the insurance game—they're rewriting the rules for middle-market employers who want to self-fund without the administrative nightmare."
The Self-Funding Advantage
HealthEZ operates in the lucrative TPA (Third-Party Administrator) space, where they manage claims and administration for companies that choose to self-fund their health plans. With 37% organic search traffic, they're capturing employers specifically searching for 'america tpa insurance' and 'health ez'—terms that signal intent to move away from traditional fully-insured plans. This isn't mass-market insurance; it's surgical targeting of cost-conscious businesses.
The Mid-Market Sweet Spot
Their 167 employees generate $40.4M in revenue—roughly $242K per employee. That's efficiency that would make a SaaS founder jealous. They're not chasing the Fortune 500 or the gig economy. They're targeting the 100-2,000 employee companies that find traditional insurance too expensive but lack the resources to manage their own claims. It's a defensible moat built on operational excellence, not brand recognition.
The traffic data reveals something interesting: 47% direct traffic means employers are typing 'healthez.com' directly into their browser. This isn't discovery traffic—it's intentional. These are existing clients or referrals, suggesting high customer retention and a referral engine that's humming quietly in the background.
- Direct traffic dominance (47%) signals strong brand recall and client retention
- Niche keyword targeting captures high-intent TPA searches
- Lean operations: $242K revenue per employee in a traditionally heavy-lift industry
- Social presence focused on LinkedIn for B2B decision-makers, not consumer channels
The Anti-Startup Success Story
HealthEZ proves that in B2B insurance, boring, profitable operations beat growth-at-all-costs. They're not trying to be a unicorn—they're building a camel that can cross any desert.
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About healthez.com
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Technology Stack
healthez.com uses 18 technologies across their website including Vimeo, Google Fonts, reCAPTCHA, and more.
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Vimeo
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Google Fonts
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healthez.com receives approximately 6.1K monthly visitors and ranks #3,389,423 globally. The website has a bounce rate of 55% with visitors viewing an average of 1.5 pages per visit. Users spend an average of 0:47 on the site.
The majority of healthez.com's traffic comes from .
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