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New York City, New York, United States
Posted on: 29 April 2024
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Redesign Health is a proud Equal Opportunity Employer – we recruit, train, compensate and promote our team members based on qualifications. We know how important it is not only to include, but to actively seek out a diversity of opinions and voices.
We want to hear from you regardless of your race, religion, national origin, sex, gender identity, sexual orientation, disability, age, veteran status, or any other applicable legally protected characteristics.
About Redesign
Redesign Health is a healthcare innovation platform. We bring together entrepreneurs, industry experts, and investors to launch companies that transform the healthcare system and empower people to live their healthiest lives. Our companies include Calibrate, Lively, Vault Health and Jasper. We’re capitalized with permanent capital from world-class institutional investors and entrepreneurs.
At Redesign Health, we’ve unlocked healthcare innovation at scale, and a key aspect of progress toward our mission of redesigning health for everyone is understanding the impact the companies we create have on the healthcare industry and the people who use it.
That means that as an organization we’re focused on specific areas of impact within healthcare. Those are: increasing access to care, increasing the quality of care provided, removing cost from the healthcare system and improving healthcare equity.
These four pillars shape everything we do, and every company idea that receives funding at Redesign Health must demonstrate that it has the potential to improve one or more of the above criteria without negatively impacting any of the others.
Sounder Benefits was created with the aim to remove cost from the healthcare system. SMBs and employees are facing a fully-insured health insurance crisis. In response to rising healthcare costs, SMBs are participating in more cost-sharing with employees increasing their cost and impacting access to care. Sounder Benefits is an innovative data-driven solution for SMBs to move to self-funded options and realize significant savings. We very much believe this commitment to improving cost of healthcare is critical to the long-term success of the company.
About The Job
About Redesign
Redesign Health is a healthcare innovation platform. We bring together entrepreneurs, industry experts, and investors to launch companies that transform the healthcare system and empower people to live their healthiest lives. Our companies include Calibrate, Lively, Vault Health and Jasper. We’re capitalized with permanent capital from world-class institutional investors and entrepreneurs.
At Redesign Health, we’ve unlocked healthcare innovation at scale, and a key aspect of progress toward our mission of redesigning health for everyone is understanding the impact the companies we create have on the healthcare industry and the people who use it.
That means that, as an organization, we’re focused on specific areas of impact within healthcare. Those are: increasing access to care, increasing the quality of care provided, removing cost from the healthcare system and improving healthcare equity.
These four pillars shape everything we do, and every company idea that receives funding at Redesign Health must demonstrate that it has the potential to improve one or more of the above criteria without negatively impacting any of the others.
About The Opportunity
As Venture Chair of Sounder Benefits, you will support the CEO and Redesign on the mission to launch a new business focused on building an innovative tech and services platform that is deliberately designed to help small and medium sized businesses easily transition to self-funding, driving cost savings and more tailored employee benefits.
Small to medium size businesses (SMBs) are facing a rising healthcare cost crisis driven by a system of carriers and brokers that is incentivized to keep SMBs in expensive and generic fully-insured (FI) plan options (increasing 10%+ YoY). Where Fortune 500 companies have access to negotiating power, emerging technology, and high-quality / expensive benefits consultants, SMBs are ill-equipped to fight-back today. This is causing SMBs, now more than ever, to explore alternative benefits options to FI, evidenced in part by the massive spike in level-funded plan adoption over the last 12-24 months.
Sounder Benefits plans to upend this cycle and give power back to SMBs by placing them on a path to self-funding. Our differentiated tech and services platform provides purpose built services to our SMB clients: (i) benefits consulting, (ii) data and analytics / AI capabilities, and (iii) additional benefits products (e.g., launching a group captive that helps SMBs pool risk and negotiate better contracts under our tech and services platform).
Our offering is significantly differentiated from traditional brokers with better incentives, more innovative tech, and new product offerings overtime, ultimately driving more savings for SMBs (potentially as much as 20%+ YoY).
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