WEX Health Strengthens Position as an Industry Leader
March 23 2017 - 4:20PM
Business Wire
WEX 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:
- WEX 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 groups.
- 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 for Partner Conference 2017, the industry’s go-to
event.
About WEX HealthWe 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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News Media Contact:WEX HealthTiffany Wirth,
701-499-7215twirth@evolution1.com
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