ParetoHealth

ParetoHealth

Insurance

Philadelphia, Pennsylvania 36,711 followers

Employee Benefit Group Captives

About us

ParetoHealth is the largest health benefits captive in the country, with over $1.2B in stop-loss premium under management, and over 2300 participating employers and 780,000 covered lives. Our turnkey employee health benefit solution offers groundbreaking innovations in self-insurance with multi-year protection. With the purchasing power of a Fortune 500 company, we help small and medium-sized businesses take control of their healthcare spending and reduce risk. ParetoHealth is pulling an industry out of its past and into a future with more predictability, transparency, control, and actionable insights.

Website
https://paretohealth.com/
Industry
Insurance
Company size
51-200 employees
Headquarters
Philadelphia, Pennsylvania
Type
Privately Held
Founded
2011
Specialties
Employee Benefit Group Captives, Captive Management, Self-Insurance, Stop-Loss Insurance, Cost Management, Cost Containment, and Group Captives

Locations

  • Primary

    2929 Walnut Street

    Suite 1500

    Philadelphia, Pennsylvania 19104, US

    Get directions

Employees at ParetoHealth

Updates

  • View organization page for ParetoHealth, graphic

    36,711 followers

    ⭐ Calling all consultants! ⭐ Invite your prospective clients to hear from real ParetoHealth Members at our Prospective Members’ Meeting from September 9-11 in sunny San Diego, CA. Your clients will attend educational sessions and engage in candid Member discussions, learning the ins and outs of our self-funding solution, cost-containment initiatives, and what it really means to be part of an employer-owned healthcare plan. These meetings are tailored to prospective and incoming Members – and when they experience the power of the ParetoHealth community in person, 9 in 10 prospective Members join! Now that’s a win for everyone. Join Kristen Rivers, Shawn Sanford, Jeremy Price, and Kevin Stayner in San Diego! 👉 https://lnkd.in/gFsaP_Av

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  • View organization page for ParetoHealth, graphic

    36,711 followers

    Calculating renewal quotes during open enrollment can be...overwhelming...to say the least. Self-insured employers can confidently estimate their renewal before their busiest season by focusing on aggregate claims, specific premium, and expenses to get a clearer picture of their total renewal costs, allowing them to set accrual rates and plan with ease. 👉 How do you guide your clients in preparing for open enrollment and estimating renewal costs? Share your insights and best practices below! ⬇️ Learn more: https://lnkd.in/ezzDceW3 #OpenEnrollment #HealthBenefits #SelfInsured #RenewalQuote #EmployeeWellbeing #HealthInsurance

  • View organization page for ParetoHealth, graphic

    36,711 followers

    We’re thrilled to announce that ParetoHealth has been named one of the 2024 Healthiest Employers of Greater Philadelphia by Healthiest Employers®!   This recognition is a testament to our commitment to redefining employee healthcare. By continuously striving for better, we’re not just transforming healthcare for our clients, but also setting the standard within our own walls.   A huge thank you to our dedicated team and our entire community of partners who help us live our mission every day. Together, we’re making possibilities a reality. Here’s to a healthier, stronger future—for all of us! #HealthiestEmployers #EmployeeWellbeing #Philadelphia #ParetoHealth

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  • View organization page for ParetoHealth, graphic

    36,711 followers

    We just wrapped up an incredible Prospective Members' Meeting in Boulder, and the energy in the room was nothing short of inspiring! 🌟 Employers from across the region came together to share strategies on how to bend the cost curve in healthcare and how to improve employee experience. If you're a medium-sized employer interested in learning about employer-owned health plans, join us Sept 9-11 in San Diego and Oct 9-11 in Nashville! 👉 Register now to secure your spot: https://lnkd.in/gWC6dajz #HealthcareTransformation #EmployerOwnedPlans

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  • View organization page for ParetoHealth, graphic

    36,711 followers

    ParetoHealth is pleased to welcome Christine Lui Chen as our Chief Marketing Officer. In her new role, Christine will oversee our marketing, communications, and brand experience. "I'm excited to join the ParetoHealth team’s fight for the greater good,” said Christine. “With our unmatched scale and technology, we’re in a unique position to help millions of small and medium-sized businesses finally gain back control over spiraling healthcare costs.”  Christine is the former Senior Vice President of Marketing at Hinge Health, and has built out new healthcare categories through leadership roles at Johnson & Johnson, Independence Blue Cross, and IMS Health. Join us as we're building the marketing team on the East Coast. Learn more about open roles here: Head of Design (Creative Director): https://lnkd.in/eTjDZk8M Senior Director, Demand Generation: https://lnkd.in/eB7CFH8T Enterprise Marketing Senior Manager: https://lnkd.in/emD4iRW7 Welcome, Christine! We’re thrilled to have you on board as we work for the greater good, together. Read more: https://lnkd.in/eqHe-M-Z

    ParetoHealth Appoints Christine Lui Chen as Chief Marketing Officer for Next Chapter of Growth

    ParetoHealth Appoints Christine Lui Chen as Chief Marketing Officer for Next Chapter of Growth

    newswire.com

  • View organization page for ParetoHealth, graphic

    36,711 followers

    When we say that we’re trying to make health benefits better, we mean it. One of the ways that we show we mean it is by making sure that ParetoHealth is a great place to work. By having a comprehensive and industry leading benefits package (funded through a ParetoHealth captive, of course) we can ensure our employees and their families have all of the resources they need to thrive inside and outside of work. Having far-reaching, ambitious goals and great leadership contributes to our sense of purpose. Our innovative spirit and commitment to our core values are what make our culture stand out. We’re proud to be recognized with these Top Workplaces awards, but we’re even prouder of the practices and people that got us this recognition. If this sounds like an environment where you would thrive, take a look at our open positions. We’re growing fast, and we’d love to have you with us on the journey. https://lnkd.in/ddh2KyKS

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  • View organization page for ParetoHealth, graphic

    36,711 followers

    When you’re fully-insured, your insurance is anything but. These conventional benefits are, in reality, deferring employers’ healthcare costs for a year. When their actual claims exceed the year’s projected total, employers will feel the heat at renewal time as they watch their 12-month premium climb and climb, every 365 days, like clockwork. This is the dreaded month 13, and it’ll be here before you know it. Paying for health insurance (or some diluted variation of it) is inevitable. It’s woven into the very fabric of American living, and you just have to accept it, right? Not necessarily. For most employers, health insurance is their second- or third-largest expense behind payroll. So, why would you pay another company to pay your claims for you, especially when so much is at stake and you have another option? This other option is self-funding. As its name suggests, self-funding returns the control of employee benefits to its rightful place: the employer. Self-funded plans put employers in the driver’s seat, giving them flexibility, decision-making power, and the ability to dig into and learn from their data. Implementing a self-funding solution means that employers only pay for claims as they happen – and don’t have to worry about overspending if they don’t. This leads to less stress at renewal season as you say goodbye to pre-paid, 12-month cycles and premium hikes in month 13. With multi-year coverage and stop-loss insurance to lessen risk and unforeseen catastrophic claims, why would you pay for anything else? Why would you settle for anything less? This is self-funding. This is the ParetoHealth solution. Hop in the driver’s seat today: https://lnkd.in/eKkmPChC

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    36,711 followers

    Consultants with self-funded clients have a lot of homework to do. You’ve already shown your clients that self-funding is the best option, but to help them save, you have to target their high-cost claimants. For that, you need a vetted portfolio of cost-containment solutions. The problem is: how will you sort through the countless available solutions to build that portfolio? If you do trial and error with existing clients, you’re putting their healthcare dollars at risk. If you go with the cheapest options, then you might not be doing your job properly. ParetoHealth has your back. Our solution is called Integrated Cost Management (ICM). ICM is a vetted suite of cost-containment partners and much, much more. Due to ParetoHealth’s size and scale, we have been able to provide access to solutions that midsized businesses are rarely able to choose if they are self-funding solo. These solutions regularly provide incredible value without the usual barriers of administrative work and cost. Learn more about our ICM program here: https://lnkd.in/eGXeaX66

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  • View organization page for ParetoHealth, graphic

    36,711 followers

    Yes, your high-cost claims year can contribute to rising premiums. But it’s not always the only factor. Have you looked under the hood of your health plan? How is your program doing? Because even the structure that provides your benefits can have a bad year, increasing your premium. Wouldn’t it be great if you could see the loss triangles, the overall performance of your plan and structure, and make sure that your premiums are based primarily on your own account’s performance? Transparency is a critical factor in empowering you to be in charge of your healthcare future, and at ParetoHealth, we ensure visibility is at the forefront of your strategy. Learn more: https://bit.ly/3LVOB0L #ParetoHealth #ProudlyContrarian #FEmployeeHealthBenefits

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Funding

ParetoHealth 1 total round

Last Round

Private equity
See more info on crunchbase