Progyny is a fertility benefits start-up that offers plans to large, self-insured companies to help their employees cover the cost for fertility treatments. Disruptor50
Launched: 2008Industry: Healthcare, fertility treatmentsAs women become mothers later in life, and more single people and same-sex couples want to start families, fertility treatments are becoming more common. The problem is that the process isn't getting any easier. Offering help and transparency to this audience is the goal of Progyny.
These include procedures such as in-vitro fertilization and egg freezing, expensive interventions that are increasingly needed, but not always covered. The average cost of one cycle of IVF, for instance, is $12,000 and that doesn't include the medications needed.The company, which was started in its current form in 2015 has over 500 clinic locations and over 700 providers in its network nationwide. It now has over 30 Fortune 500 customers who are providing fertility benefits through Progyny.
So far, Progyny has raised $99 million in funding from venture heavyweights Kleiner Perkins, Merck Ventures and TPG Biotech. And in the ongoing battle to attract and retain the best workers, offering fertility benefits can give a company an edge. According to research from FertilityIQ, 62% of employees who had their IVF covered reported being more likely to remain in their jobs for longer.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
2019 Disruptor 50: No. 12 InMobiInMobi, the adtech platform from India that is the country's first unicorn, is now making it even easier for users to eye content.
Read more »
2019 Disruptor 50: No. 19. Ginkgo BioworksGinkgo Bioworks was started by a team of MIT scientists in 2009, intent on building made-to-order microbes that enable customers to grow rather than manufacture better products. Diruptor50
Read more »
2019 Disruptor 50: 18. DoorDashIt seems like no matter when or where you get a craving for sushi or ribs, there's a food-delivery service just rushing to get it to you. Among the leaders: DoorDash. Disruptor50
Read more »
2019 Disruptor 50: 13. StripeDoing business globally means being able to accept payments from customers wherever they are. Stripe aims to make that process easier. Disruptor50
Read more »
2019 Disruptor 50: No. 16 TextioTextio uses artificial intelligence to analyze job postings as people write them out or edit them, and highlights particular words that could help or hinder the search in an attempt to attract a more diverse applicant pool. Disruptor50
Read more »
2019 Disruptor 50: No. 21 CourseraAs more and more companies look to reskill their employees to keep pace with rapid technological change and a tight labor market, Coursera is helping to show the way. Disruptor50
Read more »
2019 Disruptor 50: No. 22 CLEARShowing an ID to get through airport security is so last century. CLEAR is using biometrics so that with a touch of a finger or a blink of an eye your identity is verified. Disruptor50
Read more »
2019 Disruptor 50: No. 24 FlexportFlexport is turning the freight industry — a $1 trillion industry that keeps the world's economies humming — on its head. Disruptor50
Read more »
25. Fanatics2019 Disruptor 50: No. 25 Fanatics
Read more »
23. TransferWise2019 Disruptor 50: No. 23 TransferWise
Read more »
24. FlexportMoving $1 trillion in freight forward
Read more »