Alex Simmons, CEO of Boon Health, talks innovation in the employee coaching and talent growth space.
Innovation in the insurtech space tends to hew towards the property and casualty lines of business, and past BrokerTech Ventures cohorts have been no exception to that rule.
But in 2023, the accelerator cultivated startups oriented towards employee benefits, rather than just property and casualty—and in this year’s cohort are counted firms like Boon Health, a startup focused on providing a one-on-one employee coaching platform for employers.
According to Simmons, the idea for Boon Health came from his own experience with employee assistance programs (EAPs). “EAPs were generally highly stigmatized and designed to be more crisis intervention tools than anything—a support line that a company offers for suicidal ideation, going through divorce, substance abuse, that sort of thing. In my own experience, there was nothing geared towards the every-day challenges that I and seemingly everybody around me was dealing with: stress, anxiety, burnout, and so on.”
That led to Boon, says Simmons. “We launched Boon in August of 2019 to be the most accessible means of mental wellbeing in the workplace, by offering a one-on-one coaching platform for employees. As we’ve continued to scale, the business model has since evolved into a one-stop personal and professional growth platform, where we’ve become an extension of HR teams across all phases of the employee life cycle.”
Read the entire article here: https://www.leadersedge.com/healthcare/supporting-the-whole-human