ParetoHealth
Provides health benefits captives for midsize employers to reduce costs.
Company facts
- Founded
- 2011
- Employees
- 335
- Headquarters
- United States
- CEO
- Maeve O'Meara
- Type
- Private
- Funding
- Series C · $78M · 2023
- Subsidiaries
- Pareto Captive Services, Pareto Health LLC, Pareto Underwriting Partners
About
ParetoHealth is a pioneering company that empowers midsize employers to combat the challenges of rising health benefit costs through a community-oriented approach. Traditional health insurance often fails small and midsize employers, leading to volatilities and unpredictable expenses. By uniting employers with 50–1,000 employees, ParetoHealth creates a robust community that strives to eliminate volatility and reduce health benefit costs. More than 3,000 employers have joined ParetoHealth, representing over 1 million covered lives and $6.6 billion in healthcare spend under management. What truly sets ParetoHealth apart is its emphasis on community and scale, which provides significant risk protection and negotiation leverage that members cannot attain individually. The company’s Risk Shield protects businesses from large claims, making costs more predictable year over year and allowing clients to focus on long-term strategies for cost containment. Additionally, the Savings Engine is a comprehensive platform that addresses the root causes of claims while establishing a network of trusted partners aimed at enhancing financial outcomes for members. This combination of innovative strategies consistently leads to immediate first-year savings for ParetoHealth’s employer members, demonstrating that impactful change is possible within the healthcare landscape.