Gravie

Senior Product Manager, Health Plan Product

Remote

Not SpecifiedCompensation
Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Health Insurance, HealthcareIndustries

Requirements

Candidates must possess 8+ years of experience in health insurance product development, consulting, or a related field. A Bachelor's degree is required, along with a strong understanding of level-funded health plan benefit design, utilization, network structures (PPOs, EPOs), benefit differentials, cost sharing, and the sales/underwriting processes for self-funded health plans for small businesses. Expertise in leveraging healthcare data and analytics for plan design is essential.

Responsibilities

The Senior Product Manager will lead the strategy and execution for Gravie's insurance products, defining and launching impactful health plan products that align with growth strategy, improve affordability, and enhance member outcomes. This includes identifying new product opportunities, collaborating with cross-functional teams to shape innovative features, understanding stakeholder needs to influence the roadmap, and driving the end-to-end development of new features from ideation to launch. Responsibilities also include defining and tracking success metrics, developing financial incentive experiences, leading cross-functional initiatives, ensuring regulatory compliance, and performing other assigned duties.

Skills

Product Management
Health Insurance
Product Strategy
Market Research
Data Analysis
Product Development
Roadmap Planning
Cross-functional Team Leadership
Compliance
Financial Incentives
Healthcare Affordability

Gravie

Health benefits and insurance solutions provider

About Gravie

Gravie provides health benefits by offering straightforward and affordable health plans, primarily targeting individuals and small to midsize businesses. Their main product, Comfort, stands out because it has no deductible and no copays for most common healthcare services, allowing members to access care without unexpected costs. Additionally, Comfort includes virtual care options for musculoskeletal and mental health issues. Gravie also offers a payment solution called Gravie Pay, which enables members to pay for healthcare expenses interest-free, further easing financial stress. Unlike traditional health plans, Gravie claims that Comfort members save on out-of-pocket costs, and employers switching to Gravie often see lower premium expenses. The company has a high retention rate, indicating that many employees choose to continue with the Comfort plan in subsequent years. Gravie's goal is to simplify health benefits and reduce the financial burden of healthcare for its members.

Minneapolis, MinnesotaHeadquarters
2013Year Founded
$333.3MTotal Funding
DEBTCompany Stage
Fintech, HealthcareIndustries
201-500Employees

Benefits

Health Insurance
401(k) Retirement Plan
401(k) Company Match
Paid Holidays
Paid Vacation
Paid Sick Leave
Flexible Work Hours
Paid Parental Leave
Wellness Program
Alternative Medicine Coverage
Cell Phone Reimbursement
Transportation Perks
Education Reimbursement
Paid Paw-ternity Leave

Risks

Potential backlash from traditional insurers could increase competition or lobbying.
Rapid ICHRA adoption may invite regulatory scrutiny or changes.
Aggressive expansion strategy could strain resources and lead to inefficiencies.

Differentiation

Gravie's Comfort plan offers zero deductibles and copays, unlike traditional health plans.
Gravie Pay provides interest-free payment solutions, reducing financial burdens for members.
Focus on virtual healthcare services enhances accessibility and member satisfaction.

Upsides

Increased ICHRA adoption since 2020 expands Gravie's market opportunities.
Comfort plan's zero-deductible model attracts cost-conscious employers and employees.
Virtual healthcare services align with rising demand, boosting member engagement.

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