- The percentage of companies in the US that cover fertility benefits has grown significantly over the past five years.
- Progyny specializes in fertility benefits management and in a span of 5 years since launch has seen covered lives grow 25x, and employer clients expand from 5 to 180+.
- With $500 million + guided for FY2021 and margins of around 16%, Progyny is yet to reach full scale, pointing to exciting financial prospects in line with growth of the industry.
- As a specialist, it has an early mover advantage and has built core competencies that enable it to deliver superior outcomes for fertility treatments measured against national averages.
- Superior outcomes have resulted in member satisfaction, lower costs for employers and a retention rate of near 100%. The company's market cap of $5 billion looks conservative in view of the prospects.
For further details see:
Progyny: Continued Profitable Growth, Formidable Brand Point To Exciting Upside