Stone Point Capital Partners with ClearPoint Health to Revolutionize Small and Mid-Sized Employer Health Insurance Benefits
Gracie Gottlieb | 8 January, 2024
ClearPoint Health, a leading medical stop-loss captive platform, has announced a strategic growth investment from Stone Point Capital, a private equity firm specializing in the financial services industry. This partnership aims to enhance and expand ClearPoint's offerings, enabling small and mid-sized employers to access more affordable and transparent health insurance benefits.
ClearPoint Health was founded by a team of experts in technology, healthcare, and health insurance, in collaboration with Stone Point Capital. The company's platform empowers employers and benefit advisors to transition their employee health benefits to highly transparent, affordable, and clinically integrated insurance programs. This innovative approach benefits both employers and employees, ensuring access to quality healthcare without breaking the bank.
Jeb Dunkelberger, CEO of ClearPoint Health, brings over 15 years of executive experience in the healthcare industry to the table. His expertise in health insurance plans, value-based clinical solutions, and health systems positions ClearPoint Health as a leader in the market.
The expansion of ClearPoint Health in the medical stop-loss marketplace aligns with the increasing adoption of captives in the commercial market. Employers are transitioning from fully insured insurance products to more transparent and affordable level-funded and self-funded arrangements. ClearPoint partners with health benefit advisors, offering customizable, white-labeled captive solutions and underwriting services to their small and mid-sized employer customers.
In a statement, Jeb Dunkelberger expressed enthusiasm about the partnership with Stone Point Capital, stating that the ClearPoint platform enables a "win-win-win" situation for employers, clinical providers, and carriers. By creating affordability and sustainability, ClearPoint Health aims to curb the rising costs of employer-sponsored health insurance.
Chuck Davis, CEO of Stone Point Capital, shares the same vision. He believes that the cost of employer-sponsored health insurance is a significant challenge faced by countless US employers. The partnership with ClearPoint Health presents an opportunity to leverage Stone Point Capital's experience in the space to provide scalable and sustainable solutions for employers and benefit advisors nationwide.
ClearPoint's captive platform is designed to cater to employers ranging from 10 to 1,500 employees. Members using the ClearPoint Health Platform have the flexibility to choose preferred service partners, including third-party administrators, pharmacy benefit managers, networks, and clinical cost management providers. The platform's transparent fees, progressive stop-loss programs, and partnerships with provider organizations enhance the overall healthcare experience for employers and employees.
In conclusion, the strategic growth investment by Stone Point Capital in ClearPoint Health is set to revolutionize small and mid-sized employer health insurance benefits. By leveraging technology, transparency, and affordability, ClearPoint Health aims to create sustainable solutions and address the challenges faced by employers in providing quality healthcare to their employees. This partnership signifies a significant step forward in the evolution of healthcare benefits for businesses of all sizes.
Other Posts
- Examining the Q3 and Q4 Holdings Comparison of PrairieView Partners, LLC in 2022
- Atwood & Palmer Inc Q3 2023 vs. Q4 2023 13F Holdings Comparison
- Investing in the Future: A Look at QCM Cayman's Q4 2022 vs. Q1 2023 13F Holdings
- Ceredex Value Advisors LLC Q4 2022 vs. Q1 2023: A Look at the Top Gainers and Losers in Share Holdings
- Envestnet Asset Management Q3 vs. Q4 2022: A Look at Fund Holdings Changes
- Cider Mill Investments LP Q4 2018 vs. Q1 2019 13F Holdings Comparison
- Aviance Capital Partners, LLC: Q3 2022 vs. Q4 2022 Holdings Comparison
- Liberty Street Advisors, Inc. Q3 2022 vs. Q4 2022 13F Holdings: Which Stocks Saw the Biggest Changes?
- Game Creek Capital, LP Q3 2022 vs. Q4 2022 13F Holdings Comparison
- Gradient Investments LLC Q1 2023 vs. Q2 2023: An Analysis of Fund Holdings