John Penny's questions to Progyny Inc (PGNY) leadership • Q4 2024
Question
John Penny, on for Richard Close, questioned the drivers behind the lower female utilization rate guidance for 2025 and asked for more detail on the planned investments to integrate the recent Benefit Bump acquisition.
Answer
CFO Mark Livingston explained the lower utilization guidance reflects a dilutive effect from a mature, high-utilization client being replaced by new clients who typically have lower utilization in their first year. CEO Peter Anevski added that investments are focused on creating a seamless, integrated member experience across all assets, including Benefit Bump, global offerings, and the core platform.