AUSTIN, Texas--(BUSINESS WIRE)--Sana, a health care company that provides Fortune 500-level health benefits to small businesses at affordable prices, today announced its expansion into Oklahoma to offer comprehensive health care plans to small businesses throughout the state.
Oklahoma is ranked 48th in health care access, health care quality, and public health. With half of the state getting health insurance through their employers, Sana’s value-based care approach will help Oklahoma chart a new course towards better health outcomes.
A single legacy carrier, Blue Cross Blue Shield of Oklahoma, owns 77% of the small group market in the state. Breaking up the health insurance monopoly by offering small businesses additional innovative options is key to reducing employer health care costs long term.
As small and medium sized businesses (SMBs) face unprecedented challenges and rising costs across their businesses, Sana’s health care plans save customers up to 20% -- allowing them to reinvest that savings into growing their businesses.
On average, when Sana enters a market, 35% of new customers are businesses that did not previously provide health insurance to their employees. In the face of dramatic increases in the cost of health care, most businesses see flat rates year-to-year with Sana. Sana customers also benefit from an average renewal rate increase that is one-third that of large legacy insurers.
The lack of competition has resulted in rising costs for small businesses. While legacy carriers are more concerned with larger, enterprise-level businesses, Sana’s health plans are specifically built and priced for small businesses. Sana tailors its plans to SMBs in a way legacy carriers cannot; through the way it accurately prices small groups, provides access to best-of-breed providers and customer experience rooted in giving every account a dedicated account manager.
“Sana customers save up to 20% on health care costs, while offering their employees generous benefits and access to exceptional virtual-first care options,” said Sana founder and CEO, Will Young. “We consistently hear from our customers that the cost savings they experience with Sana allows them to grow their business and teams faster. With SMBs making up 99% of businesses in the U.S., Sana is on a mission to change the way small businesses provide health insurance to their employees.”
Starting today, Oklahoma-based companies can offer their employees benefit packages with full medical, dental, vision and more without network restrictions or hidden fees. Sana is known for affordable employer health plans, $0 virtual doctors’ appointments, low co-pays, 95% customer service satisfaction and access to world-class providers through its Sana Care ecosystem. In addition to virtual primary care, Sana gives employees access to virtual care providers that specialize in pediatrics, maternity, and mental health.
About Sana
Sana provides small businesses with Fortune-500 level health care at prices they can afford. Through value-based care, the Sana Care ecosystem of world-class providers, direct primary care, and more, Sana is reducing the cost of high-quality care. Sana is making it easier than ever to administer benefits for employers and offers simplified health plans and top-notch customer service to employees. Sana is providing health care to small businesses that drives down costs while simultaneously delivering an exceptional quality of care.
