Progyny, Inc. Enhances Suite of Services with Acquisition of BenefitBump
Progyny (NASDAQ: PGNY) has announced the acquisition of BenefitBump, a parental leave benefits navigation program, expanding its fertility and family building services portfolio. The acquisition aims to address the needs of 90% of parents seeking greater support in managing work-home responsibilities.
The enhanced service suite will include a clinical social worker-led parental wellness program, comprehensive parental leave and benefits navigation, care and resource navigation for child behavior concerns and neurodiverse care, and clinician-facilitated peer support groups. This integration extends Progyny's existing services across preconception, fertility, pregnancy, postpartum, and menopause care.
The acquisition is designed to reduce member stress, improve recruitment, return-to-work and retention rates, and foster proactive child and family health by eliminating fragmentation in family support services.
Progyny (NASDAQ: PGNY) ha annunciato l'acquisizione di BenefitBump, un programma di navigazione dei benefici per congedo parentale, ampliando il suo portafoglio di servizi per la fertilità e la costruzione della famiglia. L'acquisizione mira a soddisfare le esigenze del 90% dei genitori che cercano un maggiore supporto nella gestione delle responsabilità lavorative e familiari.
Il nuovo pacchetto di servizi includerà un programma di benessere genitoriale guidato da un assistente sociale clinico, una navigazione completa per il congedo parentale e i benefici, assistenza e navigazione delle risorse per preoccupazioni comportamentali infantili e assistenza per la neurodiversità, nonché gruppi di supporto tra pari facilitati da clinici. Questa integrazione estende i servizi esistenti di Progyny in ambito di preconcepimento, fertilità, gravidanza, postpartum e menopausa.
L'acquisizione è progettata per ridurre lo stress dei membri, migliorare il reclutamento, i tassi di ritorno al lavoro e di fidelizzazione, e promuovere una salute infantile e familiare proattiva eliminando la frammentazione nei servizi di supporto familiare.
Progyny (NASDAQ: PGNY) ha anunciado la adquisición de BenefitBump, un programa de navegación de beneficios para licencias parentales, ampliando su cartera de servicios de fertilidad y creación de familia. La adquisición tiene como objetivo abordar las necesidades del 90% de los padres que buscan un mayor apoyo en la gestión de las responsabilidades en el trabajo y en el hogar.
El nuevo conjunto de servicios incluirá un programa de bienestar parental dirigido por un trabajador social clínico, navegación integral de licencias parentales y beneficios, navegación de atención y recursos para preocupaciones de comportamiento infantil y atención neurodiversa, así como grupos de apoyo entre pares facilitados por clínicos. Esta integración amplía los servicios existentes de Progyny en el ámbito del preconcepción, fertilidad, embarazo, posparto y menopausia.
La adquisición está diseñada para reducir el estrés de los miembros, mejorar el reclutamiento, las tasas de regreso al trabajo y la retención, y promover una salud infantil y familiar proactiva al eliminar la fragmentación en los servicios de apoyo familiar.
Progyny (NASDAQ: PGNY)는 부모 휴가 혜택 탐색 프로그램인 BenefitBump를 인수했다고 발표하며, 이로써 자녀 출산 및 가족 구성 서비스 포트폴리오를 확장합니다. 이번 인수는 집과 일을 병행하는 데 있어 더 많은 지원을 요구하는 90%의 부모의 필요를 충족하기 위한 것입니다.
강화된 서비스 패키지에는 임상 사회복지사가 주도하는 부모 웰빙 프로그램, 포괄적인 부모 휴가 및 혜택 탐색, 어린이 행동 문제 및 신경 다양성 돌봄을 위한 돌봄 및 자원 탐색, 그리고 임상 전문가가 주도하는 동료 지원 그룹이 포함됩니다. 이 통합은 Progyny의 기존 서비스를 임신 전, 출산, 임신, 산후 및 폐경기 관리로 확장합니다.
이번 인수는 회원의 스트레스를 줄이고, 채용 및 복직 비율을 개선하며, 가족 지원 서비스의 분열을 제거함으로써 아동 및 가족 건강을 증진하는데 기여하기 위해 설계되었습니다.
Progyny (NASDAQ: PGNY) a annoncé l'acquisition de BenefitBump, un programme de navigation des avantages liés aux congés parentaux, élargissant ainsi son portefeuille de services en matière de fertilité et de construction familiale. Cette acquisition vise à répondre aux besoins de 90 % des parents recherchant un meilleur soutien pour gérer leurs responsabilités professionnelles et familiales.
Le nouveau lot de services comprendra un programme de bien-être parental dirigé par un travailleur social clinique, une navigation complète des congés parentaux et des avantages, ainsi qu'une navigation des soins et des ressources pour les préoccupations comportementales des enfants et les soins neurodivers, ainsi que des groupes de soutien entre pairs facilités par des cliniciens. Cette intégration étend les services existants de Progyny dans les domaines de la préconception, de la fertilité, de la grossesse, du postpartum et de la ménopause.
L'acquisition est conçue pour réduire le stress des membres, améliorer le recrutement, les taux de retour au travail et de rétention, et favoriser une santé proactive des enfants et des familles en éliminant la fragmentation des services de soutien familial.
Progyny (NASDAQ: PGNY) hat die Übernahme von BenefitBump angekündigt, einem Programm zur Navigation von Elternzeitleistungen, das sein Portfolio an Dienstleistungen für Fruchtbarkeit und Familienaufbau erweitert. Die Übernahme zielt darauf ab, die Bedürfnisse von 90% der Eltern zu erfüllen, die nach mehr Unterstützung bei der Verwaltung von Arbeits- und Zuhauseverantwortung suchen.
Das erweiterte Dienstleistungsangebot wird ein von einem klinischen Sozialarbeiter geleitetes Elternwohlfühlprogramm, eine umfassende Navigation von Elternzeit und -leistungen, Navigation von Betreuung und Ressourcen bei Kinderverhaltensproblemen sowie neurodiverser Betreuung und von Fachleuten geleitete Peer-Support-Gruppen umfassen. Diese Integration erweitert die bestehenden Dienstleistungen von Progyny in den Bereichen vor der Empfängnis, Fruchtbarkeit, Schwangerschaft, nach der Geburt und Menopause.
Die Übernahme soll den Stress der Mitglieder reduzieren, die Rekrutierungs-, Rückkehr- und Bindungsraten verbessern und eine proaktive Gesundheit von Kindern und Familien fördern, indem die Fragmentierung in den Familienunterstützungsdiensten beseitigt wird.
- Expansion of service offerings into parental leave benefits navigation
- Addresses a large market need with 90% of parents seeking additional support
- Potential for improved client retention and recruitment through enhanced services
- Strategic integration with existing patient care model
- None.
Insights
The acquisition of BenefitBump marks a strategic evolution in Progyny's business model, transforming from a fertility benefits provider to a comprehensive family planning powerhouse. This move addresses a critical market gap, as 90% of parents report needing enhanced support balancing work and family responsibilities.
The deal presents three key value drivers:
- Enhanced service bundling potential, allowing Progyny to capture more revenue per client by offering end-to-end family planning solutions
- Improved competitive moat through service differentiation, particularly valuable as employers increasingly prioritize comprehensive family benefits
- Increased customer stickiness, as integrated leave management services typically have high switching costs and strong retention rates
The strategic timing is particularly noteworthy given the evolving workplace dynamics and increasing focus on parental benefits. By integrating clinical social worker-led wellness programs and specialized navigation services, Progyny is positioning itself to capture a larger share of corporate benefit budgets while addressing critical pain points in the parental journey.
The acquisition's success will largely depend on seamless integration into Progyny's existing infrastructure and maintaining the high-touch service model that both companies are known for. While financial terms weren't disclosed, the deal's strategic rationale is compelling given the potential for cross-selling opportunities and enhanced client retention.
This strategic acquisition addresses a critical inefficiency in the corporate benefits ecosystem. BenefitBump's integration creates a unified solution that streamlines the historically fragmented approach to family benefits management. For employers, this consolidation offers substantial advantages:
- Reduced administrative burden through centralized benefits coordination
- Enhanced employee experience leading to improved retention metrics
- Simplified vendor management and potentially lower total cost of ownership
The enhanced service suite, particularly the addition of clinician-facilitated peer support groups and neurodiversity care navigation, positions Progyny as a pioneer in comprehensive family support. This holistic approach aligns perfectly with emerging corporate priorities around inclusive family benefits and employee well-being.
The integration of clinical social workers into the service model represents a significant competitive advantage, offering professional-grade support that extends beyond traditional benefits navigation. This elevated care model could drive higher utilization rates and better outcomes, key metrics that influence corporate benefits purchasing decisions.
Provides expecting parents with a concierge-level service model that delivers expert guidance, navigation and support for parental leave planning
NEW YORK, Jan. 28, 2025 (GLOBE NEWSWIRE) -- Progyny, Inc. (Nasdaq: PGNY), a transformative fertility, family building, and women’s health benefits solution, today announced the acquisition of BenefitBump, a comprehensive parental leave benefits navigation program for new and growing families. This addition enhances Progyny’s fertility and family building offering, extending the company's ability to further serve the needs of families on their journey from pregnancy to early childhood and beyond.
With
"The acquisition of BenefitBump extends our ability to provide compassionate and dedicated support to give members more confidence along their parenting journey," said Pete Anevski, Chief Executive Officer, Progyny. "BenefitBump’s high-touch, guided support integrates seamlessly into our existing patient care model and aligns with our commitment to improving member well-being through a higher standard of care."
Alongside the offerings Progyny is known for across preconception, fertility, pregnancy, postpartum, and menopause, the enhanced suite of services will include:
- Clinical social worker-led parental wellness program
- Comprehensive parental leave and benefits navigation
- Care and resource navigation for child behavior concerns and neurodiverse care
- Clinician-facilitated peer support groups
“Navigating employee benefits and leave programs is complex and adds unnecessary stress for families. Every new parent will experience leave, yet it has been an underserved area. BenefitBump was built by listening to the challenges and needs of parents, with the goal of easing their anxiety and ensuring employers and employees get the most value from family support investments,” said Scott Liebman, Founder, BenefitBump. “We’re thrilled to join Progyny, an innovator and leader in the family building space, and together provide the holistic support that families deserve.”
For more information about Progyny visit www.progyny.com.
About Progyny
Progyny (Nasdaq: PGNY) is a transformative fertility, family building and women’s health benefits solution, trusted by the nation’s leading employers, health plans and benefit purchasers. We envision a world where everyone can realize their dreams of family and ideal health. Our outcomes prove that comprehensive, inclusive, and intentionally designed solutions simultaneously benefit employers, patients and physicians.
Our benefits solution empowers patients with concierge support, coaching, education, and digital tools; provides access to a premier network of fertility and women's health specialists who use the latest science and technologies; drives optimal clinical outcomes; and reduces healthcare costs.
Headquartered in New York City, Progyny has been recognized for its leadership and growth as a TIME100 Most Influential Company, CNBC Disruptor 50, Modern Healthcare's Best Places to Work in Healthcare, Forbes' Best Employers, Financial Times Fastest Growing Companies, Inc. 5000, Inc. Power Partners, and Crain's Fast 50 for NYC. For more information, visit www.progyny.com.
For Further Information, Please Contact:
Investors:
James Hart
investors@progyny.com
Media:
Alexis Ford
media@progyny.com
FAQ
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