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Sherpaa: Getting help when you’re feeling sick isn’t always easy. Sherpaa’s Doctors are able to solve 70% of problems without a visit to the office. See how we were able to help our client out when he was feeling his worst in the video above. Sherpaa is the smart way to keep your business healthy. Our physicians offer your employees unprecedented care around the clock, and our HR experts use smart data about your company’s health to make sure you save. We take care of your company’s health so you can focus on what your business does best. We’re making healthcare work for business— now that’s revolutionary.
Date: 2014-08-14 15:09:00 GMT

Storiesfaces: "I prefer to be the guy who leaves than the guy who’s left behind. Two years ago, I came to London from my native Germany, out of a feeling that I had to move on. At first, I thought it was going to be really difficult to leave all the people back home behind, all my friends, my family.  That changed though, when I arrived. The new and interesting people from all over the world I met made it easier than I thought. With these new friends came new habits, new things you do and new relationships. After a while you get very used to these habits, maybe too familiar. Then you quickly realise this new world is a place of transient people. People come and go all the time. Your friends quite often have to get up and go, to another place. Whenever a friend leaves you behind you feel a little devastated, because you stay and live with this new life and these new habits, but without the people you created them with. This year I went on my first big trip to Brazil, the second time I was leaving. Because I had met a lot of amazing and interesting people in London, I was once again sad to be leaving everybody. But, weeks later, after having the best time of my life and meeting friends I will be in touch with forever - I no longer minded so much. What I learned from all of this is, with friends coming and going over the years, is that I’d rather be the guy who’s leaving, than the guy who’s being left behind. - Etienne Schloemer, 28 Where did we meet? Once again, football. One drunken night over beers/wine, we made a pledge to be the type of friends who will one day be there to watch each other’s kids. I plan on keeping the pledge… All aboard the friend ship.
Date: 2014-08-14 16:01:00 GMT


Sherpaa saved our clients over $6,000 this week:

We are thrilled that our members are emailing us first whenever they have a health insurance question or concern. Here’s how it works:

  • Snap a photo of your bill and/or explanation of benefits from your insurance carrier
  • Provide us a brief description of your concern and submit the issue to us at Sherpaa
  • We start sleuthing  

In several instances, we were able to identify procedures that were improperly coded by doctors, causing less of the cost to be covered by the carrier. We were also able to assist our clients with HRA cards that had incorrectly declined services. These fixes all take us a short amount of time, but had our clients attempted to find solutions on their own, they would have been on the phone with their carrier as well as their providers for hours. 

One of our clients had a $2,000 bill that we questioned for her. After going to work for her, she owes nothing. Healthcare is just so confusing and so ridiculously expensive, you really do have to have an expert to keep an eye on everything for you. Saving our clients’ time and money— it’s one of the many things Sherpaa does day in and day out.


Post on: 2013-01-25 16:45:00 GMT

Sherpaa raises a $4M Series A round led by Softbank:

I’m obviously quite excited about this. Sherpaa started in February of 2102 with one client, tumblr. A little over two years later:

  • We take care of more than 100 companies
  • We’re 18 employees and hiring
  • Our monthly revenue covers our monthly burn
  • We’re now in California and in the process of expanding to 10 other major cities by the end of the year
  • We solve 70% of medical problems without referring you to see a doctor in person…think about that…that means 70% of doctor visits don’t need to happen
  • Our insurance experts recoup money on a daily basis for you from insurance companies and doctors’ billing mistakes
  • Employees absolutely love the service with 98% rating the experience as exceptional
  • Companies are offering this exceptionally-rated service and saving money 

Healthcare absolutely can be better and we’re proof. I’ve seen a lot of healthcare companies come and go and raise too much or too little money. My goal is to create a sustainable service that people absolutely need and love powered by an intelligent business and investment strategy based on a career of studying what works and what doesn’t in healthcare. In the beginning of my career, back in 2007, I often blogged about what’s wrong with healthcare. Around 2011, I decided to stop bitching, and start building something better. Sherpaa is a dream come true, enabled by a good idea and passionate investors who want to change a very important, yet broken, industry and fundamentally make it better. Without our investors’ passion and talents, Sherpaa would be nowhere. Along with the investors in our seed round (O’Reilly Alpha Tech Ventures, First Round Capital, and Collaborative Fund) who followed on in this Series A, Josh Guttman at Softbank led this investment along with David Karp, the CEO and founder of tumblr. I’m thrilled to have such a rock star group of investors enabling Sherpaa to grow bigger and better.

The WSJ article alludes to something I strongly believe. If you haven’t noticed, our investors are not healthcare investors. Their main focus is consumer technology. I’m a huge believer that change in healthcare cannot come from within the confines of traditional healthcare thinking. It must come from fresh-eyed partners and investors outside of the healthcare box who find healthcare way too frustrating and backwards. 

So cheers to the finest team of doctors, sales people, engineers, account experience directors, and insurance experts that power Sherpaa and make a better version of healthcare as awesome as it can be. Cheers to the companies who entrust us to make healthcare better for their company. And cheers to Phase Two of Sherpaa, making it bigger, better, and quickly coming to a city near you.


Post on: 2014-05-23 18:36:00 GMT

Mythbusters: Is a PEO right for your business?:

PEO’s (or Professional Employer Organization) are a very popular option, particularly for small businesses, as a way to bundle together and outsource their health, payroll, and HR functionalities. Examples of PEOs are Trinet, Ambrose, Insperity, and a few others. In doing this, the PEO becomes a co-employer with the companies who enroll with them. This means that all paperwork is filed under the PEOs tax identification numbers. A key sales point that PEOs use in their pitch is that because they are co-employing so many companies, they can provide all of them with less expensive health care options. As an example, if your company is 10 employees, a PEO would say that they can provide your employees with less expensive health care rates because those 10 employees are now part of a 200,000 employee pool, making them more attractive to the insurance companies. It seems so quick and easy. But is it? Let’s dispel some myths:

Myth 1: Insurance will always be less expensive on a PEO.

This is false. Insurance companies adjust their premium rates as well as their offerings every quarter. This means, with the right partners, an employer is able to really shop around to find the best rate for their company. With Sherpaa’s clients, for instance, we have found that the rates we were able to procure are either completely in line, or in some instances, less expensive, than what a PEO was offering.


Myth 2: PEO’s will provide you with tons of options for your employees.
PEO’s are tied to specific insurance carriers. For instance, there are some that only contract with United; others only contract with Aetna. This means that your small company of 10 young, healthy employees with specific healthcare needs or geographic concerns is being offered the same plans with the same provider as a 200 person company of mostly 40-50 year olds. Health is complex and personal. There are definitely situations where one carrier is preferable over another. There are also situations where one plan is better as well. It’s important that when you make the decision on what to provide for your company that you truly look at both the demographic of your team, as well as their needs, and find the best possible match with what is out there. This is what Sherpaa does best, and we do it at no additional cost.

Myth 3: PEOs will ensure that your year to year premium increases will be super low.
This is another key selling point that PEOs use when trying to secure business. They may claim to be able to keep your premium increases at 6 or 7% year over year, but the proof is in the numbers. We have heard from many small businesses who were told just that during their enrollment, only to see increases of up to 32% in their first year. The main thing that PEOs have to bring to the table for insurance companies is numbers.  That’s just part of the story. With Sherpaa, we are focused on the health and wellness of our clients, not just the sheer volume of people we can provide to insurance companies. By providing our clients 24/7 email and phone access to doctors who can solve medical problems along with preventative care (such as flu shots and screenings), we are literally reducing the amount of insurance your employees require. This translates into lower premium increases year over year. It’s something we have proven, and it’s something we stand behind.

Myth 4: Getting off of a PEO will be a smooth transition, from a health perspective.
As we mentioned previously, PEOs work by becoming a co-employer of your employees. This means that, in the eyes of an insurance company, you as an individual company are non-existent. Any claims that your employees have will be blind to the insurance companies. Therefore, we have seen companies who, in their first year off of a PEO, see premium increases of up to 35% from what they had been paying with a PEO. Sherpaa can surely help reduce these premium increases as described above. Therefore, while it may seem that a PEO is a great option for your small business, from a long term perspective, it may not be the best option.

Myth 5: PEOs receive no kickbacks from insurance companies
They may not call them “kickbacks”, but PEOs certainly get bonuses based on the number of employees they provide to the insurance companies. This fact, coupled with the contracts that the PEOs have with singular insurance companies, means that total objectivity is nearly impossible. Sherpaa receives absolutely zero kick backs, bonuses, or money exchanges of any kind with any carrier. We are simply looking to provide the best health experience for our clients, and we feel the only way to do that is to be truly objective.


Post on: 2012-11-28 15:59:00 GMT

Jay's speaking about the future of healthcare delivery on June 12th. You should come.:

Although there is a ton of activity in healthcare right now in terms of new apps, new health data companies, new ways to purchase health insurance, etc…there are very few companies tackling the most profound part of healthcare that’s broken and ripe for disruption— the delivery of healthcare. What does it mean to “go to the doctor?” When do you need to actually see a doctor in person vs. just talk with a doctor?”

Here at Sherpaa, we’re preventing 70% of office visits from happening at all. That is a fundamentally massive change. It’s true healthcare disruption, not incremental change. It’s not an efficiency increase of 5%. It’s an acknowledgement that 70% of doctor office visits simply don’t need to happen.

So, on June 12th, I’m delighted to be on a panel with two of my fellow healthcare delivery innovators:

  • Tom Lee, the CEO of One Medical Group
  • Jason Gorevic, the CEO of TelaDoc

Although Tom, Jason, and I are reimagining the future of healthcare delivery, there are fundamental differences in the strategy and philosophy of our companies. 

Needless to say, it’s going to be a spirited discussion tackling the real issues of healthcare. I’m excited. 

It’s free, located at Softbank’s space in Flatiron on June 12th and 6:30pm, and there will be food and booze. 

Space is limited. RSVP to Saundra (Saundra_parola@softbank.com) to secure your spot. 


Post on: 2014-06-03 18:49:00 GMT



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