WashingtonThe JPMorgan Chase & Co. business unit Morgan Health recently announced a USD 25 million investment in Kindbody, a leading fertility clinic network and global family-building benefits provider for employers offering the full spectrum of reproductive care from preconception to postpartum through menopause. Morgan Health works to improve employer-sponsored healthcare quality, equity, and affordability. The Kindbody Board of Directors will welcome Dr. Cheryl Pegus, a Managing Director at Morgan Health Ventures.
The model used by Kindbody is distinctive in that it is the only one that provides employers with family-building perks and also owns and manages fertility clinics. By hiring the organization directly to provide full virtual and in-person care to their employees, employers can save 25%–30%. Kindbody is uniquely positioned to save costs, enhance the patient experience, and produce better health results because it is the direct supplier of care.
According to a recent World Health Organisation report, infertility affects one in six persons worldwide. Dan Mendelson, CEO of Morgan Health, says, “access to high-quality fertility care is essential for health and wellbeing, and Kindbody’s model supports patients at one of the most important times in their lives.” “Kindbody is leading a paradigm shift in fertility care for millions of Americans with employer-sponsored health care by aligning and managing patients’ health needs through its clinics and virtual support,” according to the company.
Kindbody, established in late 2018, provides fertility benefits to 112 significant businesses, encompassing more than 2.4 million lives. Almost every industry is represented among the company’s clients, including Walmart, Medtronic, Lyft, and GEICO. Kindbody provides patient care in the United States at 32 signature clinics and hundreds of partner clinics. A full continuum of reproductive care, including physical, mental, and emotional support, is provided by Kindbody’s clinically managed program, which addresses the full spectrum of reproductive health, including both female and male fertility. This includes fertility assessments and education, fertility preservation, genetic testing, in vitro fertilization (IVF), donor and surrogacy services, and adoption.
A division of JPMorgan Chase called Morgan Health is dedicated to enhancing employer-sponsored healthcare. Morgan Health seeks to improve the quality, equity, and affordability of employer-sponsored health care for JPMorgan Chase employees, their families, and the American healthcare system through its investments and the growth of responsible care. Dan Mendelson, CEO of Morgan Health, is in charge of the company and reports to Peter Scher, vice chairman of JPMorgan Chase & Co. and a member of the operating committee.
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