Progyny

Progyny

Fertility benefits management for employers

About

Progyny provides fertility benefits management services to employers, helping them offer comprehensive support for employees seeking fertility treatments and family-building options. Their services include intrauterine insemination (IUI), in vitro fertilization (IVF), fertility preservation, adoption assistance, and surrogacy support. Progyny partners with employers to integrate these benefits into their existing employee packages, aiming to improve clinical outcomes and reduce costs associated with fertility treatments. Unlike many competitors, Progyny focuses on delivering superior clinical results that exceed national averages and offers a seamless integration into benefits systems. The company's goal is to meet the growing demand for fertility and family-building benefits, supporting employees' reproductive health and well-being.

Company Stage

IPO

Employees

501-1,000

Industries

Financial Services, Healthcare

Total Funding

$95.6M

Headquarters

New York City, New York

Founded

2008


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Simplify's Take

What believers are saying

  • Partnership with Cigna expands access to fertility benefits for more employers.
  • Rising demand for personalized medicine enhances Progyny's service offerings.
  • Increased interest in fertility benefits among tech companies boosts Progyny's market.

What critics are saying

  • Increased competition from providers like Maven Clinic may impact market share.
  • Rising costs of fertility treatments could affect profitability if employers resist price hikes.
  • Economic downturns may lead employers to cut back on fertility benefits.

What makes Progyny unique

  • Progyny offers a comprehensive suite of fertility and family-building services.
  • The company partners with employers to integrate fertility benefits into existing packages.
  • Progyny consistently delivers superior clinical outcomes, exceeding national averages.

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Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

1%

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Unlimited Paid Time Off

Flexible Work Hours

Remote Work Options

Paid Vacation

Paid Sick Leave

Paid Holidays

Hybrid Work Options

Company Equity

401(k) Retirement Plan

401(k) Company Match

Performance Bonus

Family Planning Benefits

Fertility Treatment Support

Wellness Program

Mental Health Support

Company Social Events

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