Nava Benefits announced that it has been named to the 2024 New York Digital Health 100 (DH100), a recognition that highlights the most exciting and innovative startups in New York. Digital Health New York (DHNY) publishes the annual list in conjunction with the New York Healthcare Innovation Report which takes an in-depth look at the investment trends, opportunities and challenges in the digital health sector.
“We’re thrilled to be named to the New York Digital Health 100” stated Brandon Weber, CEO and co-founder of Nava Benefits. At Nava we’re on a mission to bring high quality affordable healthcare to all Americans, starting with the 160M who rely on employer sponsored healthcare. To fix the broken status quo in this country, we need to reimagine how employees are supported in navigating their benefits and the healthcare system. This award is recognition that we’re making progress on that vision.”
71% of HR teams say their employees underutilize their benefits and see this as a critical problem to solve. Nava launched its Nava Benefits App last year to address this problem by providing employees with a single hub for their insurance ID cards, company benefits, and on demand expert support when they need it. Today, tens of thousands of employees utilize the app to navigate their benefits and get their questions answered, giving Nava member support a 92% average member satisfaction score.
Nava has also doubled down on its efforts to hold health insurers accountable to HR teams. In January, Nava launched a capability designed to catch enrollment errors, mistakes which cost employers billions of dollars annually while leaving some employees uninsured. To date, 90% of carrier bills that Nava has analyzed contain at least one material financial error. Over the coming year, Nava plans to roll out additional innovations to make it even easier for employees to access and utilize their benefits.
“2024 marks the fifth year of the New York Digital Health 100 and in that time, the digital health ecosystem in New York has significantly grown and evolved,” said Bunny Ellerin, co-founder and CEO, DHNY. “We are proud to recognize these exceptional organizations and commend them for their ongoing commitment to innovation, transformation and the role they play in driving healthcare forward.”
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