CEO and Co-founder, Collective Health
His innovation: Collective Health is a web-based platform that connects and administers the benefits ecosystem — health plans, benefits programs, spending accounts and employee support. Collective Health covers 120,000 people across 30 employers, up from 30,000 people two years ago. This past year, Collective Health launched a series of mobile features that aim to address some of employers’ biggest pain points, such as submitting out-of-network claims and easy cost and quality guidance.
Why it matters: Collective Health’s technology helps employers cut through the tangle of different benefits they typically administer, while also saving them money by offering tools to monitor spending and results in real time. Collective Health says a recent book of business trend analysis reviewed by a third party actuarial firm revealed that Collective Health has helped companies save millions by maintaining a medical trend of 0.1% compared to the industry average of 5%.