XP Health
XP Health provides an AI-powered vision benefits platform that replaces traditional vision insurance for employers, enabling higher enrollment and utilization while saving families an average of $1,200 per year. The platform offers in-app prescription renewal, the enterprise's largest eyewear store with 5,163 styles, virtual try-on, and personalized AI recommendations. Independent analysis found average eyewear claims fell 69% from $212.86 to $65.37 for XP Health members.
- Healthcare Technology
- Insurance Technology
- Digital Health
- Commerce & Shopping
- Artificial Intelligence
- Software Only
Funding
Raised to date
$55.3MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+4Founders
James Wong
Co-Founder
XP Health • Co-Founder
Product
Problem
Traditional vision insurance plans often have low utilization rates because they primarily cater to individuals requiring prescription eyewear, leaving out those with 20/20 vision who may still benefit from vision care services. High out-of-pocket expenses and a negative user experience further contribute to the underutilization of vision benefits. For 50 years, vision programs have remained largely unchanged, failing to address rising costs and poor engagement.
Solution
XP Health offers an AI-powered vision benefits platform designed to increase accessibility and improve the user experience for all employees, regardless of their vision acuity. The platform enables members to easily access and utilize vision care services both online and in-person, with a full-replacement or dual-option program that saves families $1,200 per year. By leveraging AI to personalize the eyewear purchasing experience and streamline the process, XP Health significantly reduces costs, with 48% of employees spending $0 and 58% higher enrollment compared to traditional vision programs. The digital-first approach eliminates the complexities associated with traditional vision insurance, resulting in a 4.5x increase in utilization and an average eyewear claim reduction from $212.86 to $65.37.
Target Audience
Primary customers are employers ranging from YC startups to Fortune 100 companies seeking to enhance their employee benefits package, as well as employees who desire affordable and accessible vision care solutions regardless of whether they need prescription eyewear.
Features
- In-app prescription renewal eliminating the need for in-store visits, saving families an estimated 9 hours per year
- AI-powered personalized eyewear recommendations and virtual try-on technology
- Online eyewear marketplace featuring 5,163 styles, including designer frames and doctor-recommended lens options across categories like active, boardroom, safety, and gaming
- 95% turnkey launch process with customized enrollment marketing kits and EDI feed integration via benefits admin platforms
- HITRUST Alliance, SOC2, HIPAA compliant, and B Corp certified security and compliance standards
- Provider geospatial access covering the U.S. population within 20 miles of a location