[February 22, 2016] |
|
Evolution1 Strengthens Position as an Industry Leader
Award-winning Evolution1
- a WEX Company - an industry-leading healthcare financial
technology platform provider - further solidified its leadership
position in 2015 in terms of growth and services:
-
1Cloud
by Evolution1® facilitated billions of dollars in
reimbursements and processed more than 150 million transactions, all
with an uptime of 99.99 percent over the past three years.
-
Evolution1 saved its Partners more than $250 million in annual
operating costs through claim and payments automation.
-
The number of consumers on the Evolution1 platform grew to more than
17 million, with Evolution1 now powering more than 200,000 employer
groups.
-
1Mobile
by Evolution1® experienced growth of 85 percent in new
consumer accounts and 140 percent growth in transaction activity.
-
Evolution1 increased its presence in public and private exchanges as
well as the retiree market by adding new solution Partners and
powering more than 50 marketplaces.
-
Through WEX's acquisition of Benaissance, Evolution1 added premium
billing, payment, workflow management, and COBRA functionality within
the healthcare market to its industry-leading platform.
"We are successful because of our Partners' hard work, dedication, and
determination, and we are tremendously grateful for everything they do
day in and day out," said Jeff
Young, senior vice president and general manager of Evolution1.
"Without them, we couldn't do what we do, which is simplify the business
of healthcare."
In 2015, Evolution1 continued receiving prestigious awards and
recognition, including the Paybefore Award, Cloud
Top 500 Applications Vendors by APPS RUN THE WORLD, CIO Review's 20
Most Promising Cloud Solution Providers 2015, and Media Planet's Future
of Business and Tech.
Evolution1 continues to build key relationships, signing multi-year
agreements with third-party administrators, health plans, financial
institutions, exchange Partners, and payroll providers. A subset of the
organizations that in 2015 joined the comprehensive and proven list of
Partners using Evolution1 as their strategic platform include: Aetna
bswift, Allegiance (News - Alert) - A Cigna Company, Department of Vermont Health
Access, HSA Bank, Hanratty Administrators, Medica, PNC Bank, Peoples
Bank, Sentinel, TASC, and Trustmark Companies.
Evolution1 Partners will gather April 4-6 at The Westin Kierland Resort
& Spa in Scottsdale, Arizona for Partner
Conference 2016, the industry's go-to event.
About Evolution1, Inc. - a WEX Company At Evolution1, Inc. -
a WEX Company, we simplify the business of healthcare. We do that
through innovative cloud-based payment and technology solutions that
administer and manage consumer-directed and defined contribution
accounts. Our network of partner organizations enables us to deliver our
industry-leading and award-winning solution to 200,000 employers and
more than 17,000,000 consumers. Together we take the complexity out of
defined contribution, HSAs, HRAs, FSAs, VEBAs, PRAs, premium billing,
public and private health insurance exchanges, COBRA, wellness plans,
and transit plans. Learn more at www.evolution1.com,
and follow Evolution1 on Twitter (News - Alert) at @Evolution1Team.
About WEX Inc. WEX Inc. (NYSE: WEX) is a leading provider of
corporate payment solutions. From its roots in fleet card payments
beginning in 1983, WEX has expanded the scope of its business into a
multi-channel provider of corporate payment solutions representing more
than 9 million vehicles and offering exceptional payment security and
control across a wide spectrum of business sectors. WEX and its
subsidiaries employ more than 2,000 associates. The Company has been
publically traded since 2005. For more information, visit www.wexinc.com
and follow WEX on Twitter at @WEXIncNews.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160222006351/en/
[ Back To TMCnet.com's Homepage ]
|