Cresso Health, an emerging InsurTech firm specialising in sales and marketing solutions for health insurance carriers, has officially launched its operations in the United States.
The company aims to address the needs of independent agencies by providing a comprehensive set of tools designed to enhance their ability to serve consumers effectively, according to InsurTech Insights.
The company, which was co-founded by industry experts Frank Pistone, Mike Bully, and Gabe Tovar, offers specialised enrolment solutions tailored to the growing government-sponsored health insurance market.
Speaking following the news, company CEO Frank Pistone said, “Health insurance distribution is a dynamic and rapidly evolving industry. We launched Cresso with the independent agency in mind, delivering a capability set that will enable our partner agencies to best serve their respective consumers.”
This focus is intended to assist independent agencies in navigating the complexities of the health insurance landscape, ensuring that consumers have access to the best possible plans.
The company’s product suite is designed to streamline the process of health insurance enrolment, making it more convenient, transparent, and unbiased for consumers.
By providing innovative solutions, Cresso Health seeks to empower its partner agencies with the capabilities necessary to meet the diverse needs of healthcare beneficiaries.
Backing Cresso Health’s ambitious growth plans is Cypress Ridge Capital, an equity firm that specialises in healthcare-focused investments. The firm has made a significant financial contribution to help Cresso Health accelerate its product offering and expand its geographical footprint within the US.
Andrew Pardo, Cypress Ridge Managing Partner, said, “Healthcare beneficiaries are in need of innovative solutions that facilitate convenient, transparent, and unbiased access to plan selection. This idea is at the core of Cresso’s mission to assist consumers in navigating hundreds of plan options to meet their individual needs.”
Chris Petrini, Cypress Ridge Managing Partner, added, “Cresso’s unique partnership model, strategic agent support capabilities, and broad product portfolio position the company well against an attractive macro backdrop. We look forward to partnering with Frank, Mike, Gabe, and the rest of the Cresso team to accelerate our shared vision for growth.”
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