CEO and Co-founder, Col­lec­tive Health

Employee Benefit News - - Strategy Session -

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%.

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