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Leading with Purpose on Policy
  + stars: | 2024-04-19 | by ( Melissa Lee | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLeading with Purpose on PolicyThe past few years have seen national upheaval regarding many social issues: climate change, gun violence, reproductive rights, racial biases, and more—with much attention paid to how companies are addressing these issues with customers and employees. Amalgamated Bank CEO Priscilla Sims Brown, and Maven Clinic Founder & CEO Kate Ryder, share how they are navigating these policies while fulfilling the missions of their companies.
Persons: Priscilla Sims Brown, Kate Ryder Organizations: Amalgamated Bank, Maven
Leading the way are health care, with 22%; tech, with 14%; and consumer products and financial services, tied at 10%. Kate Ryder is closing major gaps in women's and family health care with Maven. Michelle Zatlyn, co-founder and chief operating officer at Cloudflare, is giving companies AI tools to bolster cybersecurity and lower costs for vulnerable, critical infrastructure providers, including schools and local election systems. The Changemakers serve as a reminder that success is a result of leading in ways that are authentic. In the book she explored the concept of "reformers" — women working to fix broken systems.
Persons: Anat Ashkenazi, Eli Lilly, Svanika Balasubramanian, Bobbie, Laura Modi, Baby2Baby, Norah Weinstein, Kelly Sawyer Patricof, Alex Cooper, Tracee Ellis Ross, Naomi Osaka, Balasubramanian, Jessica Chang, Maayan Cohen, Kate Ryder, Maven, Monique Rodriguez, Jessica Berman, Kathy Hannun, Clara Shih, Michelle Zatlyn, Kristin Peck, Julia Boorstin Organizations: CNBC, U.S, RePurpose Global, rePurpose, Women's Soccer League, Dandelion Energy, cybersecurity Locations: Changemakers, Cloudflare
That’s because more employers are providing fertility benefits to their workers, opening up the costly procedure to many more Americans. However, most employers place limits on IVF coverage. The share of employers providing fertility benefits has likely increased since 2022 for several reasons, said Julie Stich, the foundation’s vice president of educational content. Some employers are providing fertility coverage to prevent these situations. Alabama decisionDespite the Alabama ruling, employers are not likely to drop their fertility benefits since they are important for talent acquisition and retention, said Kate Ryder, founder and CEO of Maven Clinic, which works with employers and health plans to provide fertility and family building programs, among other services.
Persons: CNN —, it’s, Mercer, Julie Stich, “ There’s, , Stich, Kate Ryder, there’s, ” Ryder, Harvey Cotton Organizations: CNN, CNN — Alabama’s, International Foundation of Employee, of Columbia, Maven Clinic, Ropes & Gray Locations: Alabama
Investors rely on "exits" such as initial public offerings when assigning valuations to similar companies, Farr said. So the lack of attractive data on this front is helping to hold back the women's health category as a whole, she said. "Depressed valuations are keeping the IPO window latched," the authors of the SVB report wrote. Maven ClinicWomen's health, long neglected by VCs, is gaining tractionHistorically, investment in women's health has lagged behind other parts of healthcare. More than 76% of women's health startups have at least one female cofounder, the SVB report said.
Persons: Chrissy Farr, Farr, Maven, Kate Ryder, SVB, Gina Bartasi Organizations: OMERS Ventures, Silicon Valley Bank, Business, Maven
Kate Ryder: Ambition Is Not Taking No For An Answer
  + stars: | 2023-07-31 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKate Ryder: Ambition Is Not Taking No For An Answer"How do we make the healthcare system work better for women & families?" Maven CEO Kate Ryder shares her ambition to transform the healthcare system in America.
Persons: Kate Ryder, Maven Locations: America
It's getting harder for digital-health startups to get investor attention. Fewer digital-health startups are fundraising, and the ones that are will be held to higher standards than before, investors told Insider. This year, a smaller group of digital-health startups is beginning to stand out. "It's been amazing to watch what this business has accomplished," she told Insider. Quantum is already earning enough to fund itself, Zane Burke, the CEO of Quantum, told Insider.
Analysts and CEOs told Insider more than half of healthcare startups will shut down by 2024. Healthcare startups looking to stay afloat have been laying off employees left and right. The online pharmacy Truepill burned through its cash as it struggled to fill prescriptions efficiently, two former employees told Insider. A spokesperson for Truepill told Insider in an email that the company's burn rate was in line with its projections. Courtesy NOCDWhile the broader economic pressures will hurt many startups that can't raise, it may help others, experts told Insider.
Maven, the women and family health startup, has raised $90 million in a new fundraising round, and in a tough environment for venture funding. Maven reached unicorn status last August in a $110 million round right before the bottom dropped out of the tech sector. Maven has benefitted from greater focus on women's health, particularly since the Supreme Court overturned Roe V. Wade. Global family benefits growth and Medicaid are two areas that Maven is prioritizing with the new funding. The family benefits will build off of the virtual platform that grew during Covid and include new features for Maven Wallet, the company's financial reimbursement platform.
Maven Clinic, a virtual women and family clinic, is allowing companies to offer their employees an extensive online network of fertility, pregnancy, adoption, parenting and pediatrics services. Ryder's goal for Maven is to put women first when it comes to their health care, filling any gaps they may experience. Maven Clinic was ranked No. Ryder said Maven Clinic was anticipating the overturning of Roe v. Wade after SB-8 in Texas in 2021, which banned virtually all abortions and health care relating to abortions after six weeks. "All the major medical associations have come out … saying this is a health access issue, a health-care issue," Ryder said.
The startup's platform matches surrogate mothers with prospective parents they want to work with. Unlike traditional agencies, Nodal allows surrogate mothers to pick families they want to work with. Nodal is a surrogacy-matching platform that uses tech to connect surrogate mothers with prospective parents. Prospective parents pay $500 per month to join the platform for the first six months. Nodal is launching with 30 surrogates and six times as many prospective parents and hopes to grow its team in time.
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