[June 25, 2018] |
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WEX Health Expands Mobile Capabilities and Introduces WEX Health Cloud COBRA & Direct Billing Mobile App
WEX
Health, a WEX Company and an award-winning healthcare financial
technology platform provider, has introduced significant new features
and functionality to its WEX
Health Cloud platform through its recent June 2018 Release. The
updates reflect WEX Health's continued focus to improve usability and
deliver greater value to consumers, employers, and its network of
Partners.
Healthcare is quickly becoming a mobile-first business as consumers seek
solutions that fit their busy lifestyles: Sixty-five percent of
consumers prefer to spend time on native mobile apps over a desktop,
according to Comscore. WEX Health-one of the first to hit the market
with a mobile app-continues to deliver an award-winning private-labeled
mobile solution that drives consumer engagement and efficiency.
The June 2018 release introduces the WEX Health Cloud COBRA & Direct
Billing Mobile App, which provides consumers ease of use and quick
accessibility to several convenient WEX Health COBRA & Direct Billing
features, including: online registration and election, credit/debit card
payments, recurring ACH, and one-time checking/savings payments. The
app, which uses PIN security, enables consumers to view communications
as well as payment history.
"We're meeting consumers where they are, and that is on their mobile
devices," said Matt Dallahan, senior vice president, strategy and
product deelopment at WEX Health. "The innovative updates we've made to
our mobile apps enable consumers to maximize their health benefit
accounts in an efficient way-anytime and anywhere."
Updates to the WEX Health Cloud Mobile App include a user interface
refresh and the ability for administrators to modify colors. With the
Eligible Expense Scanner, consumers now can scan a product bar code to
determine eligibility as a qualified medical expense. On the health
savings account (HSA) front, investment details such as fund activity,
balance, rate of return, and related graphs are now readily available.
For administrators, updates to the WEX Health Cloud Administrator
Dashboard help them see the state of their CDH account-based business,
allowing them to better manage growth, efficiency, and engagement across
their organization.
The June 2018 release also includes updates to the WEX Health Cloud
Consumer Portal. Consumers are met with a new, dynamic, and interactive
home page that features an enhanced message center. Identity
verification management (IDV) provides an efficient and secure way for
consumers to upload documents and for administrators to view and store
highly sensitive information. Additionally, the Healthcare Savings Goal
simulates a personalized conversation about the consumer's plan for
healthcare savings.
HSA and notional account enhancements include HSA scheduled contribution
funds availability, which provides an alternate contribution funding
process for employers where contributions are available to spend on the
contribution date creating a solution for January 1st funding dates. The
new Schedule HSA Consumer Move & HSA Consumer Move Notification enhances
the usability of the HSA consumer move functionality for both
administrators and consumers.
WEX Health Partners-who connect WEX Health to more than 300,000
employers, ultimately helping the company serve more than 25 million
consumers across the United States and Canada-are excited about the June
2018 Release.
"Discovery Benefits is seeing more and more of our millions of
participants rely on consumer-driven healthcare (CDH) accounts as part
of their health and wealth plan," said Kelly Hockett, senior vice
president of software solutions and systems of Discovery Benefits, a WEX
Health partner. "The expanded feature set in the app makes it even
easier for these consumers to maximize their benefit dollars anywhere
they go."
About WEX Inc.
Powered by the belief that complex payment systems can be made
simple, WEX Inc. (NYSE: WEX) is a leading provider of payment processing
and business solutions across a wide spectrum of sectors, including
fleet, travel and healthcare. WEX operates in more than 10 countries and
in more than 20 currencies through more than 3,300 associates around the
world. WEX fleet cards offer 11.5 million vehicles exceptional payment
security and control; purchase volume in its travel and corporate
solutions grew to $30.3 billion in 2017; and the WEX Health financial
technology platform helps 300,000 employers and more than 25 million
consumers better manage healthcare expenses. For more information, visit www.wexinc.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180625005035/en/
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