Simplify Logo

Full-Time

VP – Sales

Posted on 8/1/2024

Well

Well

201-500 employees

Personalized health plans with financial incentives

Healthcare
Consumer Goods

Compensation Overview

$125kAnnually

+ Commission + Bonus

Senior, Expert

Boston, MA, USA + 2 more

More locations: Carrboro, NC, USA | New York, NY, USA

Category
Strategic Account Management
Sales & Account Management
Required Skills
Sales
Segment
Requirements
  • 7-10+ years of sales experience
  • Demonstrable track record of successfully selling into large enterprise customers
  • Solid knowledge of healthcare benefits landscape and evolution
  • Proven relationship building ability
  • Proven ability to leverage market experts to forge relationships with target customers
  • Track record of consistently meeting / exceeding yearly quotas in the enterprise segment
  • Successful experience working with decision-makers at the highest levels within organizations
  • Experience successfully selling complex products / services with long sales cycles
  • Consultative approach to sales
  • Solid understanding of customer and revenue generation
  • Reference-able enterprise customers
Responsibilities
  • Leverage existing network and relationships with benefits professionals
  • Serve as a strategic thought partner to growth strategy
  • Expand customer base by selling throughout assigned territory
  • Cultivate a robust pipeline of prospects
  • Identify opportunities for expansion with current customers
  • Codify and share 'voice of the market' feedback
  • Focus on process improvements in sales cycle
  • Establish productive relationships with benefits consultants
  • Maintain CRM hygiene and diligence in tracking activities
  • Represent company culture and passion for enabling better health
  • Travel as necessary

Well.co provides personalized health improvement plans and financial incentives to individuals seeking to enhance their health and wellbeing. The process begins with a questionnaire that assesses each member's health needs and goals, allowing Well.co to create a tailored health plan that includes specific objectives, rewards, and encouragement based on individual behaviors. In addition to these plans, Well.co offers support services such as assistance with medical bills, navigating the healthcare system, and scheduling appointments with local providers. A distinctive aspect of Well.co is its financial incentives, where members can earn gift cards from popular retailers for reaching their health goals, along with a sign-up bonus and ongoing challenges to maintain engagement. The company generates revenue by providing its services to both individuals and employers, making it an appealing option for companies focused on employee wellbeing.

Company Stage

Series B

Total Funding

$297.7M

Headquarters

Chapel Hill, North Carolina

Founded

2019

Growth & Insights
Headcount

6 month growth

10%

1 year growth

37%

2 year growth

103%
Simplify Jobs

Simplify's Take

What believers are saying

  • The recent $70M Series B funding round indicates strong investor confidence and provides substantial capital for growth and innovation.
  • Well.co's focus on both physical and mental health makes it an attractive option for employers looking to enhance employee wellbeing.
  • The company's innovative reward system, inspired by behavioral economics, has the potential to significantly boost user engagement and health outcomes.

What critics are saying

  • The competitive health and wellness market requires continuous innovation to maintain a competitive edge.
  • Reliance on financial incentives may not sustain long-term user engagement if the novelty wears off.

What makes Well unique

  • Well.co's integration of financial incentives with personalized health plans sets it apart from traditional health and wellness platforms.
  • The use of advanced behavioral economic techniques and AI to tailor health plans provides a unique, data-driven approach to personal health improvement.
  • Well.co's comprehensive support services, including help with medical bills and healthcare navigation, offer a holistic approach to health and wellness.

Help us improve and share your feedback! Did you find this helpful?

Benefits

Hybrid work policy

PTO

Volunteer time off

Free coffee & snacks

Parental leave

Health, dental, & vision insurance

HSA & FSA

401k

Learning time off

INACTIVE