Alegeus Announces Multi-Phased Innovation Initiative to Deliver the Industry’s First “Smart HSA”
Summary
WALTHAM, Mass.--( BUSINESS WIRE )-- Alegeus , the market leader in consumer-directed healthcare (CDH) solutions, today announced a multi-phased innovation initiative that features machine learning and artificial intelligence to deliver the industry’s first truly “smart HSA”.The new portal will offer a simplified, easy-to-navigate design that helps the employer focus on the metrics that are most impactful to their bottom line, including the capture of premium and tax savings.The portal will give employers context to benchmark their performance against peers via a CDH Health Score that quantifies the financial impact of a program not being fully optimized and provides a clear course of action to capitalize on incremental opportunities.As a result of its recent acquisition by Vista Equity Partners (whose portfolio holdings make it the 5 th largest software provider in the world), Alegeus now has access to significant investment capital to fund these ground-breaking platform enhancements.Over 350 clients – including health insurance plans, third party administrators and financial institutions – leverage Alegeus’ deep expertise and proven technology to administer benefit accounts for more than 30 million members and process more than $9.1 billion in consumer healthcare payments annually.
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