Curative Inc. Market Research Report
Company Overview
Name: Curative Inc.
Mission of the Company:
Creating a sustainable healthcare plan that makes it easy to actually achieve better health.
Year Founded: 2020
Founders: Fred Turner (CEO), Isaac Turner (CIO)
Key People:
- Fred Turner: CEO
- Isaac Turner: CIO
- Ellen Sexton: COO (appointed February 26, 2024)
- Dr. Brandon Charles: Chief Medical Officer
Headquarters: Austin, Texas
Number of Employees: No information is available
Revenue of the Company: No information is available
What is the Company Known For:
Curative is known for its innovative employer-based health insurance plans that eliminate deductibles and copays, offering zero out-of-pocket costs for in-network care and preferred prescriptions.
Products
Health Insurance Plan
High-Level Description:
Curative offers employer-based health insurance plans designed for affordability, engagement, and simplicity. Their primary product ensures $0 copays, $0 deductibles, and only a single competitive monthly premium.
Key Features:
- $0 Copays: No copayments for in-network doctor visits and preferred prescriptions.
- $0 Deductibles: No deductibles on health insurance plans.
- $0 Out-of-Pocket Costs: No out-of-pocket expenses for covered services within the network.
- Wellness and Preventive Care: Comprehensive healthcare coverage including preventive services.
- Behavioral Health Services: Support for mental health needs.
- Primary and Specialty Care: Inclusive of office and hospital visits.
- Telehealth Services: Virtual urgent care through partnerships with NormanMD and Teladoc.
- Prescription Drugs: Extensive drug formulary with $0 preferred prescriptions and low-cost options for non-preferred prescriptions.
- Baseline Visit: An annual health assessment visit mandatory within 120 days of plan activation to access zero-cost benefits.
- Care Navigator: Personal support provided to members to assist with scheduling appointments and managing care.
Member Programs
Programs Offered:
- Prediabetes Management
- Diabetes Management
- Weight Management
- Mental Health Programs
- H-E-B Wellness
- Curative Commons
- Galleri (multi-cancer early detection testing)
- Pelago
Recent Developments
Product Launches and Expansions:
- Expansion to Georgia: On August 29, 2024, Curative announced the expansion of its health plan to employers headquartered in Georgia. This follows initial success in Texas and Florida.
- Florida Launch: Health insurance plan expansion to Florida as of October 24, 2023.
Financial Recognition:
- A- Rating from AM Best: Affirmed by AM Best for financial strength and stability. Received an infusion of $100 million to support the health insurance subsidiary.
New Features and Services:
- Care Navigators: Enhancing member support for scheduling and prescription refills.
- Virtual Urgent Care: Expansion of telehealth services for convenient, accessible care.
Partnerships:
- NormanMD and Teladoc: Collaborations to offer virtual urgent care services.
- GRAIL's Galleri: Partnership to include multi-cancer early detection testing for eligible members starting February 5, 2024.
Leadership Announcements:
- Ellen Sexton as COO: Appointed Chief Operating Officer as of February 26, 2024.
- Dr. Brandon Charles as Chief Medical Officer: Formally announced on November 30, 2023.
Conclusion
Curative Inc. has rapidly grown since its founding in 2020, continually expanding its innovative health insurance solutions across multiple states. The company’s mission is to revolutionize health insurance by making it affordable, engaging, and simple. Its recent developments, partnerships, and strategic expansions exemplify Curative’s commitment to transforming healthcare for employers and employees alike.
