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BeneStream

BeneStream identifies Medicaid eligible workers. Employers save 90% on Medicaid qualified employees who reject employer sponsored insurance.

  • Stage $500K in TTM Revenue
  • Industry Software
  • Location New York, US
  • Currency USD
  • Founded November 2011
  • Employees 40
  • Website benestream.com

Company Summary

The BeneStream system screens and enrolls eligible workers in Medicaid for $240 annually which saves the employer the cost of insurance (average $6,000 annually) or a fine ($2,000-3,000 annually). The ACA employer mandate requires employers offer insurance to employees. There are tens of millions of people in the US who qualify for Medicaid. BeneStream now has > 90 employer clients and 29 insurance broker partners for distribution.

Team

  • F5596af6 9510 4df7 9cef 0aa0dcac3520
    Director, Business Development

    Diane is an experienced investor and manager of socially responsible businesses. After a successful trading floor career, she invested in health care and technology companies as founding portfolio manager of Pax World High Yield. She is an active angel investor and has raised capital for a number of social enterprises and ventures. As Trustee of NY metro area Quaker funds she invests in international and domestic social enterprise.

  • Andrew is a social entrepreneur with a proven track record whose enthusiasm for his area of expertise carries over to the social entrepreneurship course he teaches at New York University. He has launched several successful socially minded businesses, including Vendorboon, a social venture that uses the buying power of trade and professional associations’ member discount programs to improve the social and environmental impact of B2B spending, and

  • Ben is a seasoned entrepreneur in health care politics and policy. He serves on the advisory board of Maxwell Health, a health services company that raised financing at a $24 million valuation recently. Before founding BeneStream, he was the founder and managing principal of Hudson TG, which he ran for four years. Previously, Ben worked as a lawyer at Kaye Scholer LLP and Schulte Roth & Zabel, LLP and has a JD from Fordham Law School.

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    Bryan Exner
    Chief Technology Officer

    Bryan is a partner of Bluemark, LLC. He drives the company’s technical direction, developing new software products and ensuring compliance with product vision. Bryan developed the core architecture of the Medical Application Processing System (MAPSng) software for use in administration and processing for public assistance programs.

  • 1b3e9edb 0e5b 4243 a67e 82197fc112e4
    Chief Operating Officer

    Rajesh's experience in corporate advisory work has included resolving highly complex situations – including bankruptcy, restructuring, M&A, and litigation. Recently, he worked at Alvarez & Marsal, where he was part of the restructuring team for Lehman Brothers. He previously worked at Deloitte and Anderson. Rajesh has an MBA from the Columbia University Graduate School of Business and is a certified public accountant.

Advisors

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    Wilson Sonsini Goodrich & Rosati
    Lawyer
    Unconfirmed
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    CBIZ, LLC
    Accountant
    Unconfirmed

Previous Investors

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    Josh Mailman
    Unconfirmed
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    Blue Ridge Foundation
    Unconfirmed
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    management, friends and family
    Unconfirmed
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    Esther Dyson
    investor
    Unconfirmed
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    Kevin Hill
    Investor
    Unconfirmed
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    Martin Companies
    Chief Investment Officer
    Unconfirmed
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    Martin Babinec
    Founder TriNet
    Unconfirmed
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    Rafi Musher
    CEO Stax
    Unconfirmed
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    Mike Kelley
    ARC Angel Network
    Unconfirmed