Modern Healthcare: Manhattan benefits startup taps Amazon, Walmart for advice on bringing big perks to small biz
Summary
"Nava's product is a software and advisory service that can analyze plans and, Weber said, help employees control costs while offering a wider range of benefits."
"You have people projecting the highest health care cost increases ever," said Marcus Osborne, senior vice president at Walmart Health. "And I particularly worry about how that affects small and midsize employers who are already struggling to hire and retain employees."
Osborne is among a group of Fortune 500 executives named to a newly revealed advisory board for the Lower Manhattan startup Nava, an employee benefits brokerage that raised $20 million in venture funding last fall. The startup's vision is to draw on advice from benefits managers at Walmart, Amazon, Delta Air Lines and Caterpillar—who are each represented on the board—to help smaller employers design health plans that compete with those at major corporations.
Read more: https://www.modernhealthcare.com/insurance/benefits-startup-nava-taps-walmart-amazon-advice-bringing-big-perks-small-biz
