FARGO, N.D.--(BUSINESS WIRE)--Mar. 23, 2017--
Health, a WEX Company and an award-winning healthcare financial
technology platform provider, further solidified its leadership position
in 2016 in terms of growth and services:
Health Cloud facilitated billions of dollars in reimbursements and
processed more than 250 million transactions, all with an uptime of
99.99 percent over the past four years.
Product releases delivered more than 200 key enhancements, extending
WEX Health’s unique leadership position.
The WEX Health Cloud mobile app continues strong year over year growth
and was downloaded more than a million times in 2016, with eight out
of the top 10 HSA apps in the App Store powered by WEX Health. The
mobile app continues as a leader in innovation, value, and technology
in the market.
The number of consumers on the WEX Health platform grew to more than
24 million, with WEX Health now powering more than 225,000 employer
WEX Health is 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 well beyond two million accountholders in 2016.
WEX Health executives shared thought leadership, insight, and
expertise by speaking at industry conferences and by being featured in
regional and national media, including: Becker’s Health IT & CIO
Review, BenefitsPRO, Business News Daily, CNBC, Cincinnati Business
Courier, Employee Benefit News, Forbes, HR Dive, HR Magazine, HR.com,
Health Plan Week, HealthLeaders, Modern Healthcare, Newsday,
Paybefore, SHRM, and The Hill.
WEX Health played a key role in the recent enactment of the 21st
Century Cures Act, which brings healthcare relief to small businesses.
“It was another incredible year for WEX Health, and more importantly,
for our Partners and the employer groups, and ultimately the consumers,
they serve,” said Jeff
Young, senior vice president and general manager of WEX Health.
“Together with our Partners, we simplify the business of healthcare, and
our tremendous success is a result of our Partners’ hard work,
dedication, and determination.”
WEX Health continues building key relationships with third-party
administrators, health plans, financial institutions, exchange Partners,
and payroll providers, including CoreSource, Inc., HSA Bank, a division
of Webster Bank, N.A., Kaiser Permanente, Paychex, and Fifth Third Bank.
WEX Health Partners will gather April 25-27 at The Diplomat Beach Resort
Conference 2017, the industry’s go-to event.
About WEX Health
We simplify the business of healthcare
through WEX Health Cloud, a cloud-based healthcare financial management
platform that drives efficiency for benefit administration technology,
consumer engagement, and advanced billing and payments. Our partner
organizations enable us to deliver our industry-leading and
award-winning solution to 225,000 employers and more than 24 million
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.wexhealthinc.com,
and follow WEX Health at @WEXHealthInc.
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 10 million vehicles and offering exceptional payment security and
control across a wide spectrum of business sectors. WEX serves a global
set of customers and partners through its operations around the world,
with offices in the United States, Australia, New Zealand, Brazil, the
United Kingdom, Italy, France, Germany, Norway, and Singapore. WEX and
its subsidiaries employ more than 2,500 associates. The Company has been
publicly traded since 2005, and is listed on the New York Stock Exchange
under the ticker symbol “WEX.” For more information, visit www.wexinc.com
and follow WEX on Twitter at @WEXIncNews.
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Source: WEX Inc.
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