Gravie

Overview
News
Health Benefits Platforms?
Product stageSegments
Growth
?
Healthcare and specialty care benefits platforms
?

Gravie is a health benefits company that specializes in offering solutions designed to meet the healthcare needs of both employers and employees. The company focuses on serving small to medium-sized employers, offering them a way to provide health benefits that are both comprehensive and cost-effective. Its offerings include Comfort, Gravie ICHRA, and Gravie Pay, each tailored to provide comprehensive coverage without the burden of complicated copays.

Gravie's primary offering, the Comfort health plan, emphasizes simplicity, predictability, and affordability in healthcare, aiming to ensure that preventive care is more accessible and to reduce the likelihood of emergency room visits. Users of the Comfort health plan have reported a 15% savings on premiums compared with their previous carriers, and 93% choose to offer the Comfort plan again due to its high retention rate. Additionally, Comfort plan members enjoy a 20% reduction in claims costs and a 61% savings on out-of-pocket expenses, showcasing Gravie's effectiveness in delivering cost-effective health benefits​​.

Key customers and partnerships

As of January 2023, it was reported that the company served ~1,000 employers.

In August 2021, the company partnered with Decisely, an HR service provider, aiming to provide comprehensive health benefits. The partnership will use Gravie's health plan, Comfort, as a preferred health program for small to medium-sized businesses in the delivery service and freight sectors via Decisely's platform. More than 120,000 employees across the US were expected to benefit from this partnership.


HQ location:
10 NE 2nd Street Suite #300 Minneapolis MN USA
Founded year:
2013
Employees:
251-500
IPO status:
Private
Total funding:
USD 382.6 mn
Last Funding:
USD 40.0 mn (Debt Financing; Jun 2024)
Last valuation:
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