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Modern Health

We make employer mental health benefits easily accessible. Request a demo today.

|Visit modernhealth.com

How much does Modern Health cost?

When negotiating with Modern Health, it's crucial to emphasize their unique position in the mental health benefits market. Modern Health has a proven track record of reducing healthcare costs for employers. They claim that their clients experience significant savings in the first year, often citing figures of over $84,000 in savings, which can serve as a strong negotiating point. Highlighting your interest in those savings and how they can enhance your employee wellness programs can lead to more favorable terms.Additionally, given the competitive landscape for mental health solutions, you should leverage their claims of high engagement rates and satisfaction among users to negotiate better pricing or additional features. Discussing your specific needs and how Modern Health can address them effectively allows you to request tailored solutions, which could also result in discounts or added value.Lastly, understanding their pricing structure, which reflects an average contract value of approximately $105,919, can help in negotiating based on your organization's size and specific requirements. The historical data on transaction counts and total savings also provides leverage to negotiate terms that are mutually beneficial.
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How does Modern Health price and package their products?
View pricing on Modern Health's website
Product: 
Standard
Not AvailablePayment TermsAnnual billing availablePopular Features80% of members improve or maintain their well-beingAdd-OnsWPO Services

Negotiating with Modern Health

Negotiation Tips

Presenting competition as an alternative has proven to yield positive outcomes in negotiations. By mentioning that you are evaluating quotes from other providers for the same services at a lower price point—and highlighting their unique value propositions—you can pressure Modern Health to match or better these offers, ensuring you receive the best deal possible.
Emphasizing the growth of your user base can create leverage in your negotiation, especially if you expect to increase usage within the next renewal period. Communicate that the expected increase in usage should translate to lower per-unit cost pricing, leveraging your commitment to growth for better discounts.
Requesting the removal of auto-renewal clauses can provide you with leverage in future negotiations. It ensures that you retain flexibility and power over the terms of renewal rather than being bound to a contract without the opportunity to negotiate for better prices or terms, especially in light of future growth.
If Modern Health introduces new features or upgrades that pertain to security or compliance, leverage this in your negotiations. Point out that many competitors provide similar features without additional costs, pressuring Modern Health to lower associated fees for upgrades to meet these needs.
Addressing the issue of price uplift on renewal contracts is a critical point of negotiation. If there's a significant increase, emphasize that your budget does not allow for these costs. Insist on removing any uplift and securing favorable pricing as your usage maintains or grows.
Offering to act as a reference or participate in case studies can serve as a valuable ‘give’ in your negotiations. This can enhance your negotiating power as you provide a marketing advantage for Modern Health, in return for pricing discounts or enhanced service provisions.

Considerations when buying Modern Health

OwnershipModern Life, Inc.
Fiscal year endDecember 31
Best months to buyJanuary, June, October
Payment TermsNet 30, Net 60
Upgrades/downgradesYes, Modern Health offers both upgrades and downgrades for its services, making it easy for users to adjust their resources as their needs change.
Redline thresholdRedline threshold estimate is $100k.

Additional Info

What is Modern Health?

We make employer mental health benefits easily accessible. Request a demo today.
Modern Health's 1 Product
Platform
Modern Health is a comprehensive mental health solution designed to ensure rapid access to evidence-based care.
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