Stone Point invests in ClearPoint Health

Stone Point Capital has announced strategic growth investment in ClearPoint Health to enable more affordable health insurance benefits for small and mid-Sized employers.

“We’re thrilled to partner with Stone Point Capital to accelerate growth for our national captive platform,” said Jeb Dunkelberger, founder & chief executive of ClearPoint Health. “Employer health insurance expenses will only stop growing when we create a ‘win-win-win’ for employers, clinical providers, and carriers – the ClearPoint platform enables this, yielding not only affordability but sustainability. Stone Point’s expertise in the employee benefits space and track record of backing and helping build highly successful platforms makes them the ideal partner for ClearPoint.”

ClearPoint Health is a medical stop-loss captive platform for small and mid-sized employers, operating a platform that it says empowers employers and benefit advisors to transition employee health benefits to highly transparent, affordable, and clinically integrated insurance programs, benefiting employers and employees.

ClearPoint was founded by a veteran team of technologists, clinicians, and health insurance experts, in conjunction with Stone Point Capital, a Greenwich, Connecticut-based private equity firm focused on the global financial services industry and related sectors.

According to the company, ClearPoint’s expansion in the medical stop-loss marketplace comes as captives enter a new phase of growth, with broadening commercial market adoption led by the continued migration of employers transitioning from fully insured insurance products to more transparent and affordable level-funded and self-funded arrangements. ClearPoint partners with health benefit advisors that wish to offer customisable, white-labelled captive solutions and underwriting services to their small and mid-sized employer customers.

Chuck Davis, chief executive of Stone Point Capital, said: “We are excited to help launch a company whose mission is to make employee benefits more affordable and higher quality for small and mid-sized employers and their employees. We believe that the cost of employer-sponsored health insurance is one of the largest and most common issues facing US employers. Partnering with the ClearPoint team represents a significant opportunity to leverage our experience in the space to help provide scalable, sustainable solutions for employers and benefit advisors across the country.”

ClearPoint’s captive platform is designed to serve employers ranging from 10 to 1,500 employees. Members using the ClearPoint Health Platform can elect preferred service partners, including third-party administrators, pharmacy benefit managers, networks, clinical cost management, clinical quality improvement enhancers, and more.