Company Research Report: Nava Benefits

Company Overview

• Name: Nava Benefits

• Mission of the Company: On a mission to fix America's healthcare crisis by making high-quality, affordable healthcare accessible to all Americans.

• Founding Details: No information is available.

• Key People in the Company:

• Brandon Weber, Co-Founder and CEO

• Donald DeSantis, Co-Founder and CTO

• Ed Ligonde, Partner, Los Angeles and 2021 Benefits Pro broker of the year

• Headquarters: No information is available.

• Number of Employees: Nava has tripled the number of employees who get their healthcare through their services in a record-breaking year.

• Revenue: No information is available.

• What the Company is Known For: Nava Benefits is known as a modern benefits brokerage that combines technology with benefits expertise to improve the member experience and ease HR's administration burden for mid-sized employers.

Products

General Product Overview

Nava offers comprehensive employee benefits solutions through a tech-enabled platform that acts as a bridge to enhance human resource operations related to employee benefits.

Key Products and Features

1. Benefits Administration Services

• Description: Nava acts as a benefits back office for clients.

• Key Features:

• Automates benefits reconciliation and compliance auditing.

• Ensures employees are on the right plans with minimal administrative errors.

2. Member Support Services

• Description: Provides intuitive year-round support and guidance to employees.

• Key Features:

• An interactive benefits wallet for organizing all employee benefits and digital insurance cards.

• An easy-access point for employees to reach benefits experts.

3. Renewal Strategy Services

• Description: Offers personalized renewal strategies that are delivered on time.

• Key Features:

• Proactive process to explore alternatives, reducing stress for HR teams.

• A ‘No Stone Unturned’ approach expanding options beyond traditional solutions.

4. Tech-Driven Benefits Platform

• Description: A user-friendly app offering a modern benefits experience for employees.

• Key Features:

• Real-time deductible tracking and provider search tools.

• Personalized plan recommendations and decision support tools.

Recent Developments

New Products and Features

• Nava Benefits App: Recently launched, this app aims to enhance the employee benefits experience by providing modern tools like decision support features to aid in benefits navigation.

New Partnerships

• Partnership with Origin: Launched to provide financial wellness solutions, offering employees services such as financial planning, budgeting, and tax filing through a streamlined platform.

• Partnership with One Medical: Designed to enhance employee access to quality healthcare via virtual and on-site services.

Expansions and Recognitions

• Geographic Expansion: Strengthened presence in both the tri-state and Southern California regions with strategic hires like Marshall Feigenbaum, Chris Caffey, and Geoff Sheffield to serve more mid-sized employers.

• Awards and Recognitions: Featured in Inc. Magazine's Power Partner Awards under the Insurance category, highlighting their innovative approach to healthcare benefits.

Company Acquisitions

• Acquisition of Nielsen Benefits Group: A strategic move to enhance employee experience and decrease healthcare costs for mid-sized employers by integrating Nielsen’s innovative benefits solutions.

This report reflects the essential data about Nava Benefits with detailed insights into the company profile, product offerings, and recent activities, intending to provide an in-depth understanding of their business operations.