Austin, TX–(business wire)–Sana, a healthcare company that provides affordable and reliable health benefits to small businesses, today announced its expansion into Alabama.
Founded in 2017, Sana recently closed a $60 million Series B funding round co-led by Trust Ventures and Gigafund.
Sana serves a traditionally underserved market in Alabama. In addition to having no health insurance options for small businesses, Alabama ranks among the worst states in the nation for overall clinical care, according to a 2021 report from The United Health Foundation. In that survey, Alabama ranked last in the mental health provider category, at 46.th at a primary care provider. Sana members receive free virtual appointments with primary her care and mental health providers to help people in Alabama overcome these shortages.
“Sana will also enter Indiana and Virginia this year and will continue to expand in 2022,” said Will Young, co-founder and CEO of Sana. “We are on a mission to make quality health care understandable, accessible, and affordable for as many Americans as possible. We are pleased to offer Alabama a better alternative to its restrictive network and extremely high “negotiated rates”. ”
The availability of Sana in Alabama means that small businesses can now take advantage of health insurance plans created specifically to meet their needs. The state’s market is the most concentrated in the nation, with the Blue Cross Blue Shield of Alabama controlling 97% of him, according to the latest data from the Kaiser Family Foundation. Sana offers a compelling alternative to the BCBS monopoly.
Only salaries surpass health insurance as the largest spending category for businesses. According to one report, small businesses pay 8% to 18% more for the same health plan than large companies. To make matters worse, according to a 2021 survey, 40% of small businesses reported increasing prices for goods and services due to rising healthcare costs.
When Sana entered the market, 35% of its new customers were small businesses that previously could not provide healthcare to their employees due to high costs. The Alabama launch adds to his 800,000-plus employees who can benefit from Sana’s health insurance.
RedTree Albums COO Andy Reeves said: “[It’s a] Better prices and a much better range of benefits for our company and employees. Another great advantage is the ease of using Sana and the support you can get if you have any issues. ”
Those looking for small business health insurance in Alabama can turn to Sana to save money and attract and retain top talent in a competitive labor market. Sana’s customers often save up to 20% compared to traditional insurers.
Starting today, Alabama businesses will be able to offer their employees a complete health and benefits package including medical, dental, vision, and more, with no network restrictions or hidden fees. Sana is known for its affordable employer health insurance, $0 virtual clinic, low copays, and 95% customer service satisfaction. In addition to primary care, Sana provides employees with access to virtual care from providers that specialize in pediatrics, obstetrics, and mental health.
About Sana
Sana provides affordable and reliable health insurance for small businesses. Through value-based care, the Sana Care ecosystem of world-class providers, direct primary care, and more, Sana reduces the cost of quality care. Sana makes it easy for employers to manage benefits, offering members simplified health insurance plans and top-notch customer service. For more information, please visit www.sanabenefits.com.
