Groover Labs member Molly Breitenbach’s health consultancy Candid Health Advisors was recently featured in the Wichita Business Journal. Along with being COO of Candid Health Advisor, Molly is also a mentor for our 12-week startup course, CAMPFIRE, which is based on Y Combinator’s startup class at Stanford University. Molly is a CPA with extensive experience in business and tax accounting.
We profiled Molly in May. Read our interview with her here.
Read a snippet from WBJ article below. Click here for the story.
A Note: We highlight our members (and former members) whenever they make headlines, but we understand the Wichita Business Journal locks its content behind a paywall. Thus, if you don’t subscribe, you cannot read the article. We apologize for the inconvenience. We keep a copy of the Wichita Business Journal in the kitchenette for anyone who wants to read the print edition. The digital edition is available here.
Wichitans launch company focused on employee-tailored health care
By Shaeer Naveed, reporter, Wichita Business Journal
In 2022, Molly Breitenbach and Brandon Alleman noticed major health carriers were making businesses and employees spend more than they might need on insurance.
“They make money when you spend more. Everyone in the system is currently incentivized that way,” Breitenbach said.
Now, they’re hoping to change the health insurance landscape through Candid Health Advisors, a company that is “breaking up” traditional insurance incentive packages by working directly with individual health-care vendors.
Breitenbach and Alleman said Candid Health bundles services from vendors providing the same services in a way that reduces costs for employers and tailors health-care packages according to employees’ needs.
Breitenbach, who previously worked as an accountant, said insurance carriers have structured health-care incentives that force providers to see more people, and brokers to get higher claims for a greater payout.
“The only people that end up losing are the employees," Breitenbach said. "They're seeing their premiums go up with no corresponding increase in care or benefits that are being offered."
Continued here.