MINNEAPOLIS--(BUSINESS WIRE)--Evolution1® – the nation’s leading provider of innovative healthcare software and payment solutions that administer and manage consumer directed accounts – is sponsoring an exclusive dinner event tonight to celebrate the 10th anniversary of the signing of health savings accounts (HSAs) into law.
The dinner, hosted by The National Center for Policy Analysis (NCPA), will be held at the O’Byrne Gallery at Constitution Hall in Washington, DC. HSAs were established as part of the Medicare Prescription Drug, Improvement, and Modernization Act signed into law by President George W. Bush on December 8, 2003 in the auditorium of Constitution Hall. Chris Byrd, president of Evolution1, and Jeff Bakke, chief strategy officer of Evolution1, will attend the elite event as will other distinguished guests including Bill Archer, Phil Gramm, Roy Ramthun, Greg Scandlen, Bill Sweetnam, and Joel White.
Evolution1 continues to strengthen and build on its HSA industry leadership. 1Cloud by Evolution1® is a complete healthcare accounts administration platform delivered in the cloud that enables the most effective administration of HSAs as well as HRA, FSA, VEBAs, defined contribution, wellness plans, and transit plans. 1Cloud supports flexible plan designs, streamlined workflows, card and investment integration, and includes configurable employer and consumer portals that provide access to customizable reports, automated alerts, and convenient account detail.
“HSA enrollment continues to rise because of companies like Evolution1,” said John C. Goodman, president of the NCPA. “We’re thrilled to recognize the efforts of Evolution1 and its Partners tonight for they are the reasons behind the successes of HSAs.”
Evolution1’s HSA account base has grown more than 227 percent over the last 24 months. The HSA product within 1Cloud continues to lead the industry in features and functionality. For example, expense tracker capabilities not only allow the import of claims from carrier files, but also enable consumers to opt-in for automatic payments out of their account or for “savers”, which queue up expenses and let consumers take action at a later date.
“Day in and day out, our mission is to simplify the business of healthcare,” said Byrd. “Our Partners pursue that same mission, and the growth of and enhancements to our HSA products are driven by our Partners’ successes and requests to ultimately provide a simplified user experience. We’re extremely honored to play a key role in tonight’s celebration.”
At Evolution1®, we simplify the business of healthcare. We do that through innovative healthcare software and payment solutions that administer and manage consumer directed accounts. But we don’t do it alone. Our network of 500 Partner organizations enables us to deliver our industry-leading solution to 80,000 employer groups and 9,500,000 consumers across the country. Together we take the complexity out of defined contribution, HSAs, HRAs, FSAs, VEBAs, PRAs, wellness plans and transit plans.