logo
Modern Health Welcomes New Chief Technology Officer and General Counsel

Modern Health Welcomes New Chief Technology Officer and General Counsel

Business Wire2 days ago
SAN FRANCISCO--(BUSINESS WIRE)-- Modern Health, a leading global workplace mental health platform, today announced the appointments of Chen Cheng as Chief Technology Officer and Erin Brown as General Counsel, along with other company momentum, as it accelerates its mission to make mental health care more accessible, personalized, and effective worldwide.
'Welcoming exceptional leaders like Chen and Erin marks an exciting step forward for Modern Health,' said Matt Levin, CEO of Modern Health.
In her role as Chief Technology Officer, Chen Cheng will oversee the company's technology and further scale the platform to provide high-quality, clinically rigorous care across the globe. She brings more than a decade of experience in the health technology sector to Modern Health, including roles at Oscar Health and ZocDoc. As technology plays an increasingly critical role in expanding access to mental health care and support, evidenced by the growing engagement with virtual therapy, coaching, and digital tools, Chen will leverage her tech experience and leadership to help Modern Health advance its innovations.
Erin Brown joins Modern Health as General Counsel, bringing more than 20 years of legal experience across the health and benefits space. Brown has amassed a proven track record of guiding high-growth organizations through complex legal and regulatory environments. Prior to Modern Health, Brown was Senior Vice President and Associate General Counsel at Alight Solutions and, before that, Associate General Counsel at Aon Hewitt. Her expertise and strategic counsel will be key as Modern Health continues to expand its global footprint and innovate responsibly in a rapidly evolving industry.
'Welcoming exceptional leaders like Chen and Erin marks an exciting step forward for Modern Health,' said Matt Levin, CEO of Modern Health. 'They each bring a powerful combination of industry expertise and a passion for making mental health care more accessible, personalized, and effective. Their leadership will accelerate our momentum as we scale our impact, drive innovation, and continue delivering meaningful outcomes for the workplaces we support worldwide.'
In addition to these appointments, other recent company momentum includes:
Modern Health has been named to the 2025 Inc. 5000 list of the fastest-growing private companies in America. The list highlights companies that have demonstrated significant revenue growth over a three-year period and serves as a benchmark for entrepreneurial success and a platform for recognizing the contributions of these businesses to the US economy.
Modern Health launches ROI Study that proves mental health care pays off: According to a third-party analysis of 13,000+ members, the most significant savings (60% of total savings) in health care spend for employers come from reaching more employees earlier with support that fits their needs before symptoms escalate. Modern Health's evidence-based Adaptive Care Model delivers an estimated $2.39 return for every dollar invested, based solely on health care cost savings. These compelling findings underscore how Modern Health's Adaptive Care Model improves outcomes and drives down costs by supporting the whole workforce—not just those with severe mental health concerns.
Peer-reviewed data shows Modern Health's global mental health model works anywhere: In one of the largest and most diverse real-world studies of its kind, Modern Health examined engagement and clinical outcomes among more than 33,000 members across seven global regions to understand not only how mental health needs vary across regions but also whether a single care model could truly work at a global scale. The study proves that achieving global scale requires more than a one-size-fits-all approach; it demands an adaptive, evidence-based model designed to deliver meaningful results across diverse regions and populations.
Modern Health's latest study paints a stark picture of how Gen Z and Millennial employees are faring: In a study of 1,000 American professionals aged 18 to 44, the findings reveal a generation silently struggling under the weight of burnout, financial anxiety, and workplace systems that haven't kept pace with their needs. Among the most striking statistics: 75% blame financial stress for fueling burnout and hurting productivity, 79% sacrifice mental health to meet work demands, and 96% want access to preventative mental health support. The workplace report highlights a troubling reality: too many young workers are quietly pushing through mounting mental health challenges just to keep up at work, underscoring the urgent need to meet people earlier, with care that's proactive, adaptive, and designed to support the mental health of entire workforce populations.
Launch of FlexEAP Challenges Outdated Employee Assistance Programs: Modern Health recently launched FlexEAP ('Flex'), a next-gen Employee Assistance Program (EAP) addressing the critical shortcomings of traditional EAPs by delivering rapid access to care, adaptive support extending far beyond crisis intervention, and a seamless, consistent global experience. The product combines Modern Health's Adaptive Care Model with an elite, global provider network to deliver a seamless, personalized mental health experience. Employees can access care, on average, within 24 hours, with fast, frictionless support across therapy, coaching, crisis intervention, and digital self-guided tools. Flex delivers superior outcomes and an upgraded, consumer-grade experience compared to traditional EAPs, while offering flexible pricing, customizable solutions, and risk-sharing based on utilization—empowering employers to better manage costs.
Expanded Languages for Pathways: Modern Health is proud to offer its Pathways Collections, offering tailored one-on-one support around a variety of topics, including Workplace Well-being, Family Care, and Physical Well-Being, as a truly multilingual product. Now, members can connect with a Pathway Provider in six additional languages — Spanish, Dutch, Hindi, Portuguese, Japanese, and French.
About Modern Health
Modern Health is a global leader in adaptive mental health care, dynamically offering multi-modal mental health support that delivers meaningful outcomes at a sustainable, predictable cost. With therapy, psychiatry, coaching, community groups, self-guided tools, and crisis support, we dynamically create individualized care journeys to address a spectrum of mental health needs and preferences with culturally responsive providers in 200+ countries and territories and 80+ languages. Backed by peer-reviewed research and a proprietary blend of technology and live support, Modern Health delivers measurable outcomes, globally equitable access, and sustainable pricing. Our industry-leading Adaptive Care Model and dedicated, human centered, operationally tuned, customer success partners make us a trusted partner for organizations worldwide.
Visit us at http://modernhealth.com to learn how we can help you optimize your people and your business.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Xsolla Expands Payments in the Americas to Boost Conversions With Pay by Bank, Affirm, and Recurring Billing via Mercado Pago
Xsolla Expands Payments in the Americas to Boost Conversions With Pay by Bank, Affirm, and Recurring Billing via Mercado Pago

Business Wire

time4 minutes ago

  • Business Wire

Xsolla Expands Payments in the Americas to Boost Conversions With Pay by Bank, Affirm, and Recurring Billing via Mercado Pago

LOS ANGELES--(BUSINESS WIRE)--Xsolla, a global commerce company helping developers launch, grow and monetize their games, announces today a major expansion of its localized payments offering across North and South America today. With new support for Pay by Bank and Affirm in the United States, Affirm in Canada, and recurring billing via Mercado Pago in Brazil, developers and publishers using Xsolla Pay Station can now unlock new revenue streams, reduce friction, and better connect with players through regionally trusted payment methods. The Americas remain one of the largest and most diverse gaming regions, with a combined market value of approximately USD 100 billion. However, while opportunities are vast, consumer expectations regarding payments vary dramatically by country. Players in the U.S. increasingly seek fast, secure alternatives to credit cards; Canadian gamers are embracing flexible payment options; and in Brazil, a major economy, recurring billing through trusted platforms like Mercado Pago is essential for long-term retention. To meet these regional needs, Xsolla Pay Station now supports: Pay by Bank in the U.S. – Faster, secure, bank-direct payments are rapidly gaining traction among players and retailers. Affirm in the U.S. (live) and Canada – A flexible Buy Now, Pay Later option that increases accessibility and basket size. Mercado Pago in Brazil (enhanced) – Now supporting recurring billing to enable live service models and subscription-based monetization. Key benefits of the Payments in the Americas expansion include: Localized Payment Solutions: Offer trusted regional payment methods, including Pay by Bank, Affirm, and Mercado Pago, ensuring players can pay in their preferred manner in every market. Reflects the growing consumer shift toward convenient, secure, and flexible payment methods. Frictionless Checkout Experiences: Mobile-first, secure payment flows help reduce abandonment and improve conversion rates. Wider Reach Across North & South America: Localized support in the U.S., Canada, and Brazil opens access to millions of players, backed by the adoption of Pay by Bank (35M+ U.S. users engaging with open banking), Affirm (22M+ U.S. shoppers as of 2024), and Mercado Pago (64M monthly active users in Brazil, integrated across 145,000+ live sites), reflecting the growing demand for convenient, secure, and flexible payment experiences. Flexible Monetization Models: To fit your revenue strategy, offer one-time payments, Buy Now Pay Later (BNPL) options, and subscriptions. Increased Player Trust and Loyalty: Familiar payment methods foster confidence and encourage players to return. 'We're making it easier for developers to reach players in North and South America with payment experiences that feel native to each market,' said Chris Hewish, President at Xsolla. 'By enabling Pay by Bank, Affirm, and recurring billing with Mercado Pago, we're helping our partners connect with more players, increase conversions, and offer real flexibility in how they monetize across the Americas.' To learn more or enable these regional payment methods for your game, get started: For a complete list of enhancements and developer tools, visit: About Xsolla Xsolla is a global commerce company with robust tools and services to help developers solve the inherent challenges of the video game industry. From indie to AAA, companies partner with Xsolla to help them fund, distribute, market, and monetize their games. Grounded in the belief in the future of video games, Xsolla is resolute in the mission to bring opportunities together, and continually make new resources available to creators. Headquartered and incorporated in Los Angeles, California, Xsolla operates as the merchant of record and has helped over 1,500+ game developers to reach more players and grow their businesses around the world. With more paths to profits and ways to win, developers have all the things needed to enjoy the game.

NewSouth Window Solutions Surpasses Milestone with Omni Protection Product Line
NewSouth Window Solutions Surpasses Milestone with Omni Protection Product Line

Business Wire

time4 minutes ago

  • Business Wire

NewSouth Window Solutions Surpasses Milestone with Omni Protection Product Line

TAMPA, Fla.--(BUSINESS WIRE)-- NewSouth Window Solutions, a leader in energy-efficient, impact-resistant replacement windows and doors, is pleased to announce a significant production milestone: over 10,000 units manufactured from its new Omni Protection line. 'This collection was built with the homeowner in mind,' said Rob Sydnes, Vice President of Operations. 'From ease of use to security upgrades, every detail works together to deliver a seamless, high-performing window.' Share Launched just eight months ago, Omni Protection is designed to defend against extreme weather, high energy costs, outside noise, and home intrusions. 'The line has quickly become a customer favorite,' said Ron Godsill, Vice President of Sales at NewSouth. 'This collection represents a next-generation leap in performance, protection, and peace of mind for homeowners. We've taken everything homeowners already loved about our windows and pushed it further, bringing together smart innovation and proven durability — designed to meet the demands of the modern home.' The Omni Protection line includes a versatile range of styles, including awning and casement windows, sliding glass doors, and classic single- and double-hung options. Each product is crafted with precision, built to perform, and available factory-direct with fast turnaround times. Product enhancements provide added strength and improved comfort, reinforcing NewSouth's reputation for quality and care. 'This collection was built with the homeowner in mind,' said Rob Sydnes, Vice President of Operations. 'From ease of use to security upgrades, every detail works together to deliver a seamless, high-performing window.' Omni Protection products are currently available by contacting NewSouth Window Solutions directly. To learn more or schedule a free consultation, visit About NewSouth Window Solutions NewSouth Window Solutions, part of the MITER Brands portfolio, serves homeowners directly by both manufacturing and installing high-performance, energy-efficient replacement windows and doors with impact-resistant options. Each product is custom made and backed with a lifetime warranty. Offering factory-direct solutions in Florida and South Carolina, NewSouth has been named the nation's largest factory-direct company for windows and doors exclusively by DWM Magazine for 11 years, and the No. 1 door and window only dealer in 2024.

AM Best Affirms Credit Ratings of Adamjee Insurance Company Limited
AM Best Affirms Credit Ratings of Adamjee Insurance Company Limited

Business Wire

time4 minutes ago

  • Business Wire

AM Best Affirms Credit Ratings of Adamjee Insurance Company Limited

LONDON--(BUSINESS WIRE)-- AM Best has affirmed the Financial Strength Rating (FSR) of B (Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) of 'bb' (Fair) of Adamjee Insurance Company Limited (Adamjee) (Pakistan). The outlook of these Credit Ratings (ratings) is negative. The ratings reflect Adamjee's balance sheet strength, which AM Best assesses as adequate, as well as its strong operating performance, neutral business profile and marginal enterprise risk management (ERM). The negative outlooks reflect pressure on the company's non-life underwriting performance. Whilst Adamjee has a history of robust overall profitability, with profits before tax ranging from PKR 2.3 billion to PKR 8.7 billion between 2020 and 2024, consolidated operating performance has been increasingly supported by the company's life insurance operations and investment activities, with the non-life business generating marginal results. The company's non-life underwriting performance improved in 2024 due to corrective underwriting actions, but was adversely affected by the unprecedented rainfall in the United Arab Emirates, resulting in an overall combined ratio of 99.9%. The company aims to improve the underwriting performance of its non-life book through higher market rates and stringent underwriting practices. Adamjee's balance sheet strength assessment is underpinned by its risk-adjusted capitalisation at the adequate level, as measured by Best's capital Adequacy Ratio (BCAR). At year-end 2024, risk-adjusted capitalisation declined from the previous year due to higher market values on affiliated investments and significant growth in its non-life portfolio. Investment risk remains the primary driver of required capital, with the investment portfolio highly concentrated in equity securities within Pakistan. Whilst some diversification was achieved through term deposit holdings in the UAE, Adamjee remains exposed to potential capital volatility. In addition, the company has a high dependence on reinsurance and exposure to non-rated reinsurance recoverables through mandatory cessions to the state-owned reinsurer in Pakistan. Traditionally, the company maintains one of the leading positions in the market, writing a diversified life and non-life portfolio and offering conventional and takaful products. In addition, Adamjee generated close to 40% of its non-life premium income through branch operations in the UAE in 2024, which provides the company with geographical diversification to a more stable country risk environment. The ERM assessment is viewed as marginal given the size and complexity of Adamjee's operations. The company's operations in Pakistan present exposure to very high levels of economic, political and financial system risks, some of which are beyond the company's control. This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store