HealthNow – Revolutionising Employee Health Benefits
In the ever-evolving landscape of healthcare, innovation often takes center stage in addressing the complex challenges that individuals face in accessing quality health services. HealthNow, a company that embarked on its journey just three years ago, is a shining example of such innovation. Their mission? To bring healthcare back into the hands of the people.
A vision anchored in accessibility
HealthNow was born from the realisation that the prohibitive cost of healthcare stands as the primary barrier to individuals seeking and utilising the healthcare they need. With this critical issue in mind, HealthNow set forth on a mission to make healthcare more accessible and affordable for everyone by unlocking the ability of organisations to seamlessly contribute to health and wellness of their employees in real time.
The employer’s stake in employee health
One of the key insights that sets HealthNow apart is their belief that employers are the primary beneficiaries of their employees’ health. After all, an employee’s well-being is intricately linked to an employer’s productivity and success. When an employee falls ill, it doesn’t just cost a day’s pay; it disrupts project timelines, delays deliverables, and generates missed deadlines. Employers, therefore, have a vested interest in ensuring their employees remain healthy and have access to healthcare when they need it. Wide ranging research also underpins the positive impact on recruitment, retention and productivity as a new generation of employees put a significant weighting on the benefits offering as part of the total remuneration consideration.
Challenging the status quo
Traditional company-provided health benefits often come with limitations, restricting employees to specific healthcare providers or imposing lengthy and cumbersome reimbursement processes. This is where HealthNow steps in with their game-changing solution.
In partnership with Change Financial, HealthNow is set to formally launch in December, with 4,500 cards going live. This innovative program offers an easily accessible payment card, loaded by employers with a pre-allocated amount of funds that can be added to, or updated in real time. Employers can selectively authorise approved healthcare categories, empowering employees to access the services they need, visit trusted providers, and pay as easily as they would for groceries via the normal payment network.
A vision of preventative healthcare
HealthNow doesn’t just offer a payment solution; it champions a fundamental shift in how employers view and support employee health. Their focus on preventative healthcare, rather than reactive solutions, ensures employees receive benefits tailored to their diverse needs.
HealthNow’s program is adaptable, making it an ideal solution for companies with large and diverse teams. The program stands out because it benefits a 20-year-old in the same way it does a 60-year-old, putting the power in the hands of employees to choose where they spend their allocated healthcare funds. As the team at HealthNow say “nobody knows your employees like they do”.
The success of the HealthNow program lies in its simplicity and the autonomy it grants to employees. Utilisation of the program measures its effectiveness, highlighting a growing preference among employees for known and trusted healthcare providers. With low utilisation of current employer Employee Assistance Programs (EAP), HealthNow’s approach ensures employees can choose healthcare solutions that align with their preferences and needs.
A global outlook
The imminent launch in New Zealand will see HealthNow become Change’s first Prepaid card program client in New Zealand. With an initial distribution of over 4,500 cards, this is just the beginning with the future of HealthNow filled with possibilities and transformative potential.
Looking ahead, HealthNow is poised for international expansion and they’re about to commence a capital raise to support these expansion plans. HealthNow is driven by a powerful team, with their executives, board members, Chairman and company advisors, all being a collective force of successful entrepreneurs, business leaders and CEOs, who are all passionately driving the HealthNow proposition.
By championing preventative healthcare and empowering employees, they’re revolutionising the employee benefits landscape. For investors seeking an opportunity to be part of this remarkable journey, HealthNow is a company to watch.