HealthJoy launches its revamped employee benefits assistance platform
HealthJoy, a platform that helps employees get the most use out of their benefits, launched its revamped user interface and technology stack today. The startup told TechCrunch that usage has doubled during the COVID-19 pandemic. While the new platform, called HealthJoy 2.0, has been in the works for two years, it is now helping the company handle increased demand for services, including telemedicine.
Launched in 2014, HealthJoy now has more than 500 employers on its platform. It has raised a total of $53 million so far, including a $30 million Series C announced in February.
Created to help employees figure out health benefits, HealthJoy raises $30 million
The new interface includes features that tell users expected wait times for services like its inbox and healthcare concierge, and a new benefits wallet. Last month, HealthJoy also added features to address the pandemic, including help to get testing, online consultations and a guide to nearby in-network healthcare facilities with low wait times.
Co-founder and CEO Justin Holland told TechCrunch that the platform "initially saw a huge spike in telemedicine visits as awareness of the virus grew and people started looking for ways to avoid physically visiting a doctor's office. Usage for telemedicine has stabilized in the last couple of weeks and is now only a little bit above our baseline."
He added that HealthJoy is now encouraging more employees to use the HealthJoy Employee Assistance Program (EAP), which helps them find services like mental health counseling, financial planning, and child and elder care assistance.
"We've seen a corresponding spike in EAP utilization as people are seeking help," he said.
HealthJoy 2.0's improvements, which moves more processing away from local clients to the cloud and includes an updated CRM and dashboard for employers, will also make it easier for the company to implement new features in the future.
Other health benefit engagement platforms include Collective Health, League and Lumity. Holland said that HealthJoy 2.0 will help the startup better compete by "allowing for greater integration with partners, a larger collection of APIs and easier integration with third-party data."