Women Want Menopause Solutions. Will Companies Meet the Need?

Consultative Care

The COVID-19 pandemic has unearthed telemedicine as a viable form of care. Menopause requires a highly consultative experience, making it perfectly suited for telemedicine. There are tests for certain hormone levels, but because menopause typically lasts for 7 to 10 years and there are 34 different symptoms, doctors and providers are leaning on what women share about their experiences with their symptoms. With telemedicine, providers can not only meet women where they are, but also remotely monitor them.

Rising Interest

But there are plenty of reasons to be bullish on the space, due to the number of new companies coming into it. That number is large and growing. Bayer recently announced an $875 million deal to buy KaNDy Therapeutics, maker of an alternative to hormone replacement therapy. Allergan has been looking into this space, showing that after a decade of real dormancy on the pharma side, we’re seeing more interest from them.

A Problem Waiting for Solutions

There are insurance codes to track menopause, but they aren’t extensive. Because of how we’ve structured our health care system, it’s not as lucrative as procedures. So especially for OB/GYNs, delivering babies, hysterectomies, and other surgical expenses are more lucrative. Menopause often requires anywhere between two and five visits and upward, especially as women experience extreme symptoms. Unfortunately, health care doesn’t reward doctors who spend time talking through and educating patients. Women feel that on the back end, they’re not getting as much care as they would like.

About Alessandra Henderson

Alessandra Henderson is currently Chief Executive Officer and Cofounder of Elektra Health, a next-gen women’s health platform on a mission to smash the menopause taboo. Elektra empowers women with world-class education, community, and care. Alessandra has spent her career at the intersection of technology, entrepreneurship, and creative business design. She started her career in technology as the sixth employee at Artsy, where she built the content partner business from the ground up. From there, she went on to found and serve as Executive Director of the MIT NYC Startup Studio and Vice President of Network at Human Ventures. She holds a BA from Vanderbilt University (2007) and an MBA from Sloan MIT (2016), where she received the Martin Trust Community Fellow Award ’16 and the Patrick J. McGovern Jr. Entrepreneurship Award ’16. Beyond the office, Alessandra is passionate about taboo smashing, all things art, and supporting and elevating women.

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