Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 34 n° 316

WEX Health Strengthens Position as an Industry Leader

Posted by fidest press agency su mercoledì, 28 febbraio 2018

WEX Health, a WEX Company and an award-winning healthcare financial technology platform provider, further solidified its leadership position in 2017 in terms of growth and services:WEX Health Cloud processed more than 350 million transactions, all with an uptime of 99.99 percent over the past five years.Product releases delivered more than 350 key enhancements, extending WEX Health’s unique leadership position.Our Partner ecosystem connects us to more than 300,000 employers, ultimately helping us serve more than 25 million consumers across the United States and Canada.
WEX Health continues building key relationships with industry-leading third-party administrators, health plans, financial institutions, exchange partners, payroll providers and multiple Taft-Hartley union and labor funds. In 2017, growth was driven by the addition and/or renewal of numerous notable partners including American Benefit Administrators, ASI Flex, Benefitfocus, Compusys/Erisa Group, Kaiser Permanente, PIOPAC, and Tri-Star Systems. Additionally, we added several notable COBRA and advanced billing partners.
Growth continues across all categories of employers choosing WEX Health Cloud as their technology platform for administering healthcare benefit accounts. Among Fortune 1000 companies, forty-four percent (44%) are on the WEX Health Cloud platform.
WEX Health remains a leader in the HSA market with nine of the top 20 HSA providers powered by WEX Health, and more HSAs utilizing WEX Health technology than any other. Additionally, HSA Bank, a WEX Health Partner, grew beyond 2.4 million accountholders in 2017.
WEX Health executives shared thought leadership, insight, and expertise by speaking at industry conferences and by being featured in industry trade and national media, including: Barron’s, Employee Benefit News, HR Technologist, BenefitsPro, SHRM and Health Leaders Media. WEX Health’s announcements and press releases were featured in national and regional outlets, such as the Miami Herald, Pittsburgh Post Gazette, International Business Times, and the Star Tribune.
We continue to receive industry awards and accolades, including being named a Paybefore 2017 Pay Awards Winner in the Health Care Payments Innovation category and a “Best of 2017” award winner in MobileVillage’s Mobile Star awards. Additionally, Jeff Young, president of WEX Health, was named a Technology Innovator Award winner by Employee Benefit News and Employee Benefit Adviser, and Jeff Bakke, chief strategy officer of WEX Health, was named a 2017 Eureka! Innovation award winner by the Minneapolis/St. Paul Business Journal.
“Our growth and achievements reflect the ongoing need for innovative technology and integrated solutions that help organizations streamline administrative and regulatory changes,” said Young. “At WEX Health, we remain committed to investing in technology and investing in our partners to help them grow and succeed. Our tremendous success is a result of our partners’ hard work, dedication, and determination to simplify the business of healthcare.”


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