Progyny, Inc..
PGNY.US | Other activities auxiliary to insurance and pension funding
Progyny, Inc. is a benefits management company specializing in fertility and family building benefits solutions. They partner with employers to provide comprehensive fertility coverage to their employees, encompassing services like in vitro fertilization (IVF), egg freezing, and other assisted repro...Show More
Better Health for All
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Progyny's core services demonstrate exceptional health benefits, with its fertility solution showing a 12% higher pregnancy rate, 23% higher live birth rate, and 21% lower miscarriage rate compared to national averages.
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The company has no revenue from harmful products. Progyny actively works to reach vulnerable populations, with initiatives like the AHA Grant specifically targeting Black individuals facing fertility barriers and benefits designed for LGBTQ+ individuals and single parents by choice.
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The company publicly reports clinical outcomes and methodology, which is independently validated by Milliman, Inc.
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Progyny's health equity programs include the AHA Grant and culturally competent 1:1 member support.
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The company engages in preventative health through preconception programming, which helps members achieve family goals without requiring fertility care.
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The company collects and uses member data to understand benefit utilization, provider adherence to best practices, and outcomes, providing clients with detailed quarterly reports.
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Progyny Care Advocates connect members to mental health professionals and offer digital solutions for emotional effects of infertility.
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Educational resources are available through preconception programming and the Progyny app.
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Fair Money & Economic Opportunity
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Progyny, Inc. is a benefits management company, not a traditional financial institution that offers consumer lending or deposit services. Therefore, several KPIs related to direct financial products, such as pricing fairness, exploitative fee exposure, debt burden ratio, and fair lending compliance, are not applicable. Similarly, as the company does not generate or manage customer finance data in the context of open banking, or operate financial service access points, data accessibility, geographic inclusion, and product simplicity are also not applicable. While Progyny does engage in inclusion initiatives, such as the 2024 Awareness, Hope, and Activism Grant™ for BIPOC individuals, the provided articles do not offer quantitative data on the share of its overall benefits portfolio or loan/insurance book dedicated to underserved segments, nor do they provide metrics on wealth-building outcomes, profit reinvestment percentages, or the extent and impact of financial literacy initiatives.
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Fair Pay & Worker Respect
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Progyny's CEO to median employee pay ratio was 12:1 in 2024.
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No specific quantitative data is available for other KPIs such as living wage coverage, collective bargaining share, safety incident rate, pay equity ratio, worker engagement score, turnover rate, labor violation incidents, insecure contract share, or health insurance coverage.
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Fair Trade & Ethical Sourcing
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Progyny, Inc. operates as a benefits management company specializing in fertility and family building solutions, primarily providing services rather than procuring or trading physical commodities.
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As such, several KPIs related to fair trade and ethical sourcing of physical goods are not applicable to its business model. There is no evidence in the provided articles regarding fair-trade certifications, supplier audit frequencies, forced or child labor incidents, supply chain traceability, remediation processes for sourcing violations, or the sourcing of high-risk materials for Progyny.
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Honest & Fair Business
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Progyny, Inc. is currently under investigation for possible securities law violations, which was reported on September 27, 2024.
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This investigation is related to a significant client terminating its services agreement.
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No other specific, concrete data points are provided across the articles for any of the defined KPIs, such as regulatory fines, transparency index scores, whistleblower policies, financial restatements, audit coverage, ESG controversy scores, complaint resolution times, board conflict-free percentages, anti-corruption policies, or third-party verification of ethical claims.
Kind to Animals
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Progyny, Inc. is a benefits management company, operating as a service-oriented business. As such, most animal welfare KPIs are not applicable to its operations. The company has a stated policy of "No Animal Exploitation," indicating a complete absence of animal testing.
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This policy is consistent with its service-based business model, which does not involve products, ingredients, or animal-related operations.
No War, No Weapons
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No evidence available to assess Progyny, Inc. on No War, No Weapons.
Planet-Friendly Business
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Progyny, Inc. is described as a benefits management company, which is a pure services provider. The rubric for 'scope_1_2_3_emissions' includes a '0' tier for companies with no material GHG emissions footprint, such as pure services providers. All other Planet-Friendly Business KPIs lack specific quantitative or qualitative data in the provided articles.
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Multiple articles explicitly state that no ESG data, environmental metrics, or regulatory actions are available, and highlight significant data gaps regarding Progyny's ESG performance.
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Respect for Cultures & Communities
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No evidence available to assess Progyny, Inc. on Respect for Cultures & Communities.
Safe & Smart Tech
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Progyny has not experienced any major incidents involving member data to date, and no material adverse impact from attempted cyberattacks in 2024.
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All Progyny personnel are required to complete annual privacy and security trainings.
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The company uses data encryption, authentication measures, secure messaging, administrative restrictions, and data loss prevention controls.
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It maintains a dedicated privacy team and conducts regular risk assessments following the NIST Risk Management Framework.
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Progyny performs annual penetration tests, at least quarterly vulnerability scans, and annual controls testing.
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The company collects and retains the minimum necessary data, with retention periods based on policy and legal requirements.
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It states compliance with HIPAA and CCPA.
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However, the privacy policy indicates that Progyny does not offer users the right to limit the use of sensitive personal information.
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While Progyny uses AI tools internally, it provides minimal information about algorithmic factors, with only basic explainability for 10-20% of AI decisions.
Zero Waste & Sustainable Products
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The provided articles do not contain any specific, concrete data points or information relevant to Progyny's waste management, sustainable products, or zero-waste initiatives.
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No quantitative data or mentions of waste reduction, recycling, product recyclability, packaging sustainability, or any other related practices were found across the evidence.
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