Benebay

A new breed of health plan administrator


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BeneBay: Fast Facts
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Benebay created and launched a new pathway for small group employers to access affordable health plans that were previously available only to large groups.

We offer first-of-its-kind instant quoting technology that changes the way $250 billion worth of health benefits are sold and delivered to the 57 million people employed by small businesses in the US.

Expensive Problem
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One Groundbreaking Solution
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Why We’ll Lead
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Product Development
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Traction & Accomplishments
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Partnerships

  • Cigna network, University of Florida health system, Mississippi Physician practice network
  • National General, ExcessRe – stop-loss insurance
  • Contribution Health – actuarial support
  • Claims Bridge – claims capturing, repricing
  • Alithias – concierge customer service
  • CareValet – member app
  • PBM: Magellan, Ventegra, RX Sense, Citizens RX
  • CMS – disease management/cost containment
  • AccessHealthNet – cost containment/case rates

Meet The Team
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Chuck O’Neill
CEO

  • Healthcare executive with 25+ years of experience
  • Innovative, entrepreneurial expertise in all phases of startups
  • He has started four successful healthcare services companies
  • Former partner at CDH Solutions, a multi-faceted marketing and sales support organization focused on helping companies “consumerize” healthcare
  • Former CEO of Avalon Healthcare, a commercial health insurance plan that grew to more than 10,000 members and was profitable when sold to another group
  • O'Neill also generated profit when he helped co-found Minuteman Health, the Massachusetts co-op

Andrejs Strods
FOUNDER AND COO

  • As a repeat technology entrepreneur, Strods has launched and led several successful IT companies in both emerging and mature markets
  • Accomplished two exits to large strategic buyers in Europe
  • Founded Blue Bridge Technologies, a European venture-backed Health-IT and Insuretech company
  • Between 2010 and 2015, under his leadership, the company earned a 70%+ market share in health insurance transaction processing in a Northern European country

Derrick Ragland
CHAIRMAN OF THE BOARD

  • 30-year veteran of the banking industry
  • President of Commercial Banking at a $6B national bank operating in 18 states
  • Former National Head of Middle Market Banking for HSBC Bank, a $2.7 trillion dollar institution
  • Former HSBC Global Head of Business Banking, based in Hong Kong, where he was responsible for operations in 65 countries with over $200 billion in loans and deposits

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