[Remote] Vice President, Insurance Product at Gravie

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Not SpecifiedCompensation

N/AExperience Level

N/AJob Type

Not SpecifiedVisa

N/AIndustries

Requirements

10 years of experience in healthcare strategy and execution
5+ years of experience in insurance product design and management
5+ years of experience leading high-performing teams
Strong strategic thinking, communication, and stakeholder management skills
Bachelor's Degree or equivalent in Business Administration, Healthcare Administration or related field required. MBA or MHA degree preferred

Responsibilities

Lead product strategy, development, and management for Gravie’s insurance products, including new product innovation and product portfolio optimization
Develop and own the end-to-end process for managing the insurance product portfolio, including ideation, business case development, product design and development, implementation and performance monitoring
Lead ongoing assessment of market trends, customer needs and competitor offerings to inform Gravie’s product strategy and new offerings
Drive innovation in Gravie’s products, including new network strategies and alternative benefit designs
Articulate supporting capabilities needed to execute on Gravie’s product strategy and partner cross-functionally to ensure successful implementation
Provide visibility into product portfolio performance including financial, growth, member experience, customer and internal feedback
Develop and manage product portfolio strategy for channel partnerships
Partner with sales and marketing to communicate the value proposition of Gravie’s products to brokers and employers
Ensure regulatory compliance of all of Gravie’s insurance products
Partner closely with network, actuarial, underwriting, sales, technology, operations, marketing and other teams across Gravie
Hire, develop and lead a high-performing insurance product team

Skills

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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