Gravie, a leading health benefits innovator, has announced the appointment of Ken Paulus to its board of directors. Paulus, who recently retired as CEO of Prime Therapeutics LLC, brings several decades of experience in the healthcare industry to the role. With leadership positions at companies like Allina Health, Harvard Vanguard, and Partners Healthcare System, Paulus has a deep understanding of the healthcare ecosystem.
Gravie’s Co-Founder and CEO, Abir Sen, expressed gratitude for the addition of Paulus to the board, highlighting his extensive knowledge and experience. Sen believes that Paulus’ insights will be invaluable as Gravie aims to redefine the health benefits experience. Paulus has witnessed firsthand how misaligned incentives in the industry can fail consumers, and his expertise will contribute to Gravie’s mission of building a health plan that everyone can love.
Earlier this year, Gravie secured a $179 million investment led by growth equity investor General Atlantic. The funding, supported by existing investors FirstMark Capital and AXA Venture Partners, will enable Gravie to continue its rapid growth and expansion across all areas of the company.
Paulus expressed excitement at joining Gravie as it experiences triple-digit growth year after year. He praised Gravie’s evolution from a defined contribution platform to a true health benefits disruptor, with its flagship product, Comfort® health plan.
Gravie has been at the forefront of transforming the healthcare industry by developing innovative employer-sponsored health benefit solutions. Comfort® is the nation’s first-of-its-kind health plan, providing comprehensive coverage on most common healthcare services at a cost comparable to traditional group health plans.
With Ken Paulus joining the board of directors, Gravie is poised to continue its mission of enhancing the health benefits experience and reaching more small and midsize businesses interested in level-funded health plans.
[Definitions: PBMs (Pharmacy Benefit Managers) – Companies that manage prescription drug benefit programs for insurers, employers, and other entities.
Health Systems – The organization of people, institutions, and resources that deliver healthcare services.
Health Plans – Organizations that provide or arrange for the financing of healthcare services for individuals or groups.]
Sources: Gravie, PR Newswire
