This is the Healthjoy pitch deck to raise their $40m series-b in 2019. HealthJoy is an all-in-one healthcare guidance platform that helps employees make better decisions.
They started off selling its product to people who were newly insured through the Affordable Care Act’s marketplaces, also known as Obamacare. Doug Morse-Schindler and Justin Holland, cofounders of HealthJoy, thought those people would need figuring out new plans. There were competitors in the market such as with big names like Accolade, Quantum Health and Grand Rounds, but “I just thought that they frankly were missing the mark,” Morse-Schindler said. Their company won over customers and investors, with over 60k people signing up by 2016 and raising $6m in seed and Series A. But then shit happened.
Health insurers had been losing money in the new market for years and were pulling out. They saw the writing on the wall and pivoted to selling its software to employers that provide insurance to their workers.
They then raised $12.5m at $40m post from investors like US Venture Partners and EPIC Ventures. HealthJoy signed up 300 employers across the country, and has 200,000 members total, including workers and their families.
Here we have 2 decks, well parts of them anyway, for their early raising. They redacted some details and haven’t shared the full deck, as founders tend to do.
When HealthJoy shifted its strategy, the new pitch deck, from April of 2016, detailed the change, which you can see in the last 3 slides. Not a great share, but that’s what we have.
HealthJoy is an all-in-one healthcare guidance platform that helps employees make better decisions. The platform brings together medical professionals, Concierges, Rx savings, an artificial intelligence-powered virtual assistant, and much more. Employees love having access to on-demand help for all their employee benefits, right from their mobile phone. Employers love that we champion the employee benefits experience and save them money.
Healthjoy pitch deck
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