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Full-Time

ICHRA Product Manager

Confirmed live in the last 24 hours

Gravie

Gravie

201-500 employees

Health benefits and insurance solutions provider

Consulting
Hardware
Fintech
Financial Services
Biotechnology
Healthcare

Senior, Expert

Minneapolis, MN, USA

Category
Product Management
Product Research
Product
Required Skills
Market Research
Communications
Requirements
  • 5+ years of product management experience in healthtech, insurtech, fintech, or a related, highly regulated field.
  • Strong understanding of how integrations are built and scaled, with experience in transaction processing and event-based systems.
  • Experience working in highly regulatory, compliance-driven environments.
  • Excellent analytical and problem-solving skills, with the ability to make data-driven decisions.
  • Strong communication and interpersonal skills, with the ability to effectively collaborate with cross-functional teams and stakeholders.
  • Bachelor's degree in Business, Computer Science, Engineering, or a related field.
Responsibilities
  • Develop and communicate a clear product vision and strategy for the ICHRA product, starting with a focus on payments and carrier enrollment functionality.
  • Conduct thorough market research and analysis to identify customer needs, market trends, and competitive landscape to inform product development.
  • Create and maintain a detailed product roadmap that aligns with company goals and customer needs, prioritizing features and improvements based on business value and technical feasibility.
  • Work closely with engineering, design, compliance, and other cross-functional teams to ensure successful product development and implementation.
  • Oversee the development and scaling of integrations with various carriers and payment systems, ensuring seamless and efficient transactions.
  • Ensure that all product developments adhere to relevant regulatory and compliance requirements, staying abreast of changes in the regulatory landscape.
  • Gather and analyze customer feedback to continuously improve the product, acting as the voice of the customer within the organization.
  • Define, track, and analyze key performance metrics to measure the success of the product and inform future development.

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.

Company Stage

Series E

Total Funding

$342.6M

Headquarters

Minneapolis, Minnesota

Founded

2013

Growth & Insights
Headcount

6 month growth

4%

1 year growth

28%

2 year growth

116%
Simplify Jobs

Simplify's Take

What believers are saying

  • Gravie's recent $179 million equity investment from General Atlantic and others indicates strong financial backing and growth potential.
  • The high retention rate and reported cost savings for both employers and employees suggest a highly satisfied customer base.
  • The addition of experienced executives like Ken Paulus and Andrew Reeves to the board and leadership team strengthens Gravie's strategic direction and industry expertise.

What critics are saying

  • The health insurance market is highly competitive, and Gravie must continuously innovate to maintain its edge.
  • The company's rapid growth and numerous new hires could lead to integration challenges and potential operational inefficiencies.

What makes Gravie unique

  • Gravie's Comfort plan eliminates deductibles and copays for most common healthcare services, a stark contrast to traditional health plans.
  • The inclusion of virtual musculoskeletal and mental health care services sets Gravie apart in the health benefits market.
  • Gravie Pay offers an interest-free payment solution, further reducing the financial burden on members, unlike many competitors.