Manulife Financial Corp Teams with Maven Clinic to Enhance Women's Health Services

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13 days ago

MFC.TO

Manulife Financial Corp

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Manulife Financial Corp Partners with Maven Clinic to Enhance Women's Health Support

Manulife Financial Corp announces a pivotal partnership with Maven Clinic®, a leading virtual clinic specializing in women's and family health. This collaboration, effective immediately, aims to provide comprehensive health support for women at various life stages, including fertility, maternity, parenting, and menopause. Eligible members of Manulife's Group Benefits plan will gain 24/7 access to Maven's digital platform, which connects them to a vast network of healthcare providers across more than 30 specialties in over 35 languages. This initiative not only addresses the pressing gaps in women's healthcare but also has the potential to significantly impact the economic landscape, with projections suggesting that bridging these gaps could contribute an estimated $1 trillion to the global economy by 2040.

The need for enhanced women's health services is underscored by the staggering costs associated with unmanaged menopause symptoms, which amount to $3.5 billion annually in Canada alone. Alarmingly, one in ten women reports leaving the workforce due to challenges related to menopause. Jennifer Foubert, Head of Product at Manulife Group Benefits, emphasizes the company's commitment to redefining support for women during critical life transitions. By leveraging Maven Clinic's extensive resources, Manulife aims to provide personalized and holistic care that not only improves health outcomes but also empowers women to navigate the complexities of the Canadian healthcare system effectively.

Maven Clinic's Chief Commercial Officer, Stephanie Glenn, echoes this sentiment, highlighting the importance of offering care that is both inclusive and accessible. The partnership represents a significant step forward in recognizing and addressing the unique healthcare needs of women. With its robust infrastructure, which includes over 37,000 employees and 109,000 agents globally, Manulife is well-positioned to deliver these critical services to its more than 36 million customers. This collaboration marks a strategic move that aligns with the growing trend of digital healthcare solutions, particularly in the realm of women's health.

In related news, Maven Clinic has distinguished itself since its establishment in 2014 by raising over $425 million in funding, reflecting its innovative approach to healthcare. This partnership not only signals a commitment to improving women's health outcomes but also positions both Manulife and Maven Clinic as leaders in the evolving landscape of digital healthcare solutions. Manulife's initiative is a timely response to the increasing demand for accessible healthcare services tailored to the unique needs of women, setting a precedent for future collaborations in the industry.