Read on Twitter
Close to adding fertility benefits manager @Progyny $PGNY
-Driving higher access to fertility treatment
-Driving down fertility treatment costs
-Proven higher success rate w/healthy births
-Network of fertility doctors larger than any comp in space
Client list
-Driving higher access to fertility treatment
-Driving down fertility treatment costs
-Proven higher success rate w/healthy births
-Network of fertility doctors larger than any comp in space
Client list
What does signing company like $UN mean?
Based on:
-5.5k
employees in $PGNY demo
-12.5% treatment-need rate
-$12,000 ave cost/treatment
-38% success (implies 2.62 treatments/person)
$UN presents $173M rev opp for entire space (not just for $PGNY) growing at double digit CAGR
Based on:
-5.5k
employees in $PGNY demo-12.5% treatment-need rate
-$12,000 ave cost/treatment
-38% success (implies 2.62 treatments/person)
$UN presents $173M rev opp for entire space (not just for $PGNY) growing at double digit CAGR
Impressive financial progress:
-2020 revenue growth: 46%
-2021 revenue growth 60%
-4.7x 2021 sales
-72x 2021 earnings
-Negative 2M in OpCF over 1st 6 months of 2019
-Positive 15M in OpCF over 1st 6 months of 2020
-2020 revenue growth: 46%
-2021 revenue growth 60%
-4.7x 2021 sales
-72x 2021 earnings
-Negative 2M in OpCF over 1st 6 months of 2019
-Positive 15M in OpCF over 1st 6 months of 2020
Competitive edge:
-Contracts with 22/25 largest OBGYN groups in America
-Contracts w/ALL largest insurers
-Integrated RX service offering 20% discounts on related medications
-Proven track record of higher success & lower cost
$PGNY. More work to be done.
-Contracts with 22/25 largest OBGYN groups in America
-Contracts w/ALL largest insurers
-Integrated RX service offering 20% discounts on related medications
-Proven track record of higher success & lower cost
$PGNY. More work to be done.
Direct competitors below
Also found another private company called Carrot with a similar business model; it has 2 notable clients: @ClifBar and @stitchfix.
Nobody really close to $PGNY in size at the moment
Also found another private company called Carrot with a similar business model; it has 2 notable clients: @ClifBar and @stitchfix.
Nobody really close to $PGNY in size at the moment
Last thing:
CEO David Schlanger (great name) spent 15 years at WebMD steadily rising to CEO before leaving for $PGNY in 2017.
Fantastic reviews on @Glassdoor https://www.glassdoor.com/Reviews/Progyny-Reviews-E1092741.htm
CEO David Schlanger (great name) spent 15 years at WebMD steadily rising to CEO before leaving for $PGNY in 2017.
Fantastic reviews on @Glassdoor https://www.glassdoor.com/Reviews/Progyny-Reviews-E1092741.htm
