Gravie, a rapidly growing health benefits innovator, is pleased to announce the appointment of Ken Paulus to its board of directors. Paulus, the former CEO of Prime Therapeutics LLC, brings extensive experience and knowledge from his leadership roles in various areas of the healthcare industry.
Throughout his career, Paulus has held positions at prominent companies such as Allina Health, Harvard Vanguard, and Partners Healthcare System. He has also served on the boards of directors for Teladoc and Breg, Inc., further demonstrating his breadth of expertise in the field.
Gravie’s Co-Founder and CEO, Abir Sen, expressed enthusiasm for Paulus’s addition to the board, stating, “We’re fortunate to bring someone with Ken’s depth of experience and wide breadth of knowledge to Gravie as we continue our ambitious work to build a health plan everyone can love. His counsel will be invaluable as Gravie works to redefine the health benefits experience.”
Earlier this year, Gravie secured a $179 million investment from General Atlantic, alongside existing investors FirstMark Capital and AXA Venture Partners. This investment will support the company’s ongoing growth and expansion efforts in various areas of the organization.
Paulus expressed excitement about joining the Gravie board, stating, “I’ve been an admirer on the sidelines as Gravie has grown over the last 10 years…This is an incredibly exciting time to join the board, as the company navigates year-over-year triple-digit growth and expands its footprint.”
Gravie is dedicated to driving change in the healthcare industry by creating innovative employer-sponsored health benefit solutions that prioritize the needs of consumers. Their flagship product, Comfort®, is a groundbreaking health plan that provides comprehensive coverage for common healthcare services at a cost comparable to traditional group health plans.
With Ken Paulus’s wealth of knowledge and experience, Gravie is well-positioned to continue its mission of revolutionizing the health benefits experience for individuals and small to midsize businesses.
Definitions:
– Prime Therapeutics LLC: A pharmacy benefit management firm.
– PBMs: Pharmacy benefit management companies.
– Health systems: Networks of healthcare providers and organizations that deliver medical services to patients.
– Health plans: Insurance policies that provide coverage for medical expenses.
– Virtual care: Healthcare services provided remotely, often through telecommunication technologies.
– Orthopedic device manufacturer: A company that produces medical devices used in orthopedic procedures.
– Growth equity investor: An investor that provides capital to growing companies in exchange for an equity stake.
– First-dollar coverage: A health insurance plan that provides benefits from the first dollar spent, without a deductible or out-of-pocket expenses.
– Level-funded health plans: Employer-sponsored health plans that combine elements of self-funded and fully insured plans.
Sources:
– Gravie: www.gravie.com
– PR Newswire: https://www.prnewswire.com/news-releases/healthcare-executive-ken-paulus-joins-gravie-board-of-directors-301932448.html
