Progyny, Inc. (NASDAQ:PGNY), a $1.78 billion women’s health benefits company currently trading below its InvestingPro Fair Value, announced Tuesday it is expanding its women’s health services to include pelvic floor therapy, addressing a condition that affects one in three women.
The company is adding both in-person and virtual care options by partnering with Origin and Hinge Health to provide specialized pelvic floor physical therapy services. Origin will offer nationwide in-network therapy both virtually and in-person, while Hinge Health will provide digital care supported by physical therapists specializing in pelvic health.
Pelvic floor disorders, which can cause urinary incontinence, pelvic pain, and sexual dysfunction, impact women from young adulthood through menopause. According to information cited in the announcement, urinary incontinence alone costs the healthcare industry $20 billion annually. This market opportunity aligns with Progyny’s strong financial performance, including 9.47% revenue growth in the last twelve months.
"This is another moment when Progyny is stepping up to help women identify and seek care for basic health needs that are going undiagnosed and untreated due to lack of education, lack of care access, and lack of the right benefits coverage," said Dr. Janet Choi, Progyny’s Chief Medical Officer.
The expanded services aim to provide earlier interventions for pelvic conditions and reduce fragmentation in care that can lead to delays in treatment. When left untreated, pelvic floor issues can interfere with quality of life, lead to reduced workplace performance, and result in avoidable health complications including potential infertility.
Progyny, which specializes in fertility and women’s health benefits, stated that the new offering will be part of its comprehensive women’s health and family building solutions.
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