Alegeus Technologies Announces Adam Hameed as Chief Revenue Officer

Seasoned industry executive will oversee Alegeus revenue-generating functions, with a focus on delivering outstanding client value and helping clients win in a rapidly changing marketplace

WALTHAM, Mass.--()--Alegeus Technologies, the market leader in healthcare and benefit payments, today announced that Adam Hameed has joined the company as chief revenue officer, effective October 6, 2014. Mr. Hameed is a healthcare industry veteran, bringing more than 20 years of experience in building high-performance sales teams, and a unique passion and commitment to delivering outstanding value for his clients. In his position as chief revenue officer, Mr. Hameed will oversee all revenue-generating activities – including sales, account management, marketing and business development.

Mr. Hameed joins a seasoned Alegeus executive leadership team that is focused on transforming the healthcare marketplace to be more consumer-centric, by empowering consumers to more effectively save and pay for the cost of their healthcare. His proven success in driving business growth and implementing client-focused strategies will be instrumental in helping continue to further Alegeus’ market leadership position – through value proposition enhancement and focused market penetration, expanding Alegeus’ reach in the health plan, third party administrator and financial institution markets.

“Adam is a tremendous business leader who deeply understands the challenges our clients face in adapting their business models to the new consumer directed healthcare (CDH) reality,” said Steve Auerbach, Alegeus CEO. “He will play a pivotal role in helping Alegeus to enhance our market strategies to deliver expanded client value and enable clients to maximize their CDH market potential. We’re thrilled to have Adam join our executive team and are looking forward to continued business growth under his leadership.”

Prior to joining Alegeus, Mr. Hameed most recently served as chief revenue officer at Silverlink Communications where he led all sales, marketing , solutions and business development activities for the organization. In that role he was focused on enhancing the company's industry-leading data and analytics products and services, building partnerships that created strategic value for healthcare enterprises, and leading the company's expansion into new markets and channels. His contributions played a significant role in driving the company’s strong overall revenue growth performance. Prior to Silverlink, he held senior leadership positions at Emdeon, OptumHealth and OptumInsight (formerly Ingenix).

“I couldn’t be more excited to join the Alegeus family,” said Mr. Hameed. “With consumers bearing ever-increasing responsibility for the cost of their healthcare, the market is ripe with opportunity to provide meaningful support for consumers. With the industry’s most comprehensive consumer healthcare funding platform, Alegeus is well-positioned to capitalize on this opportunity. And, culturally, the organization feels like a natural fit, with a smart and experienced team, an unwavering focus on winning in the marketplace, and an equally strong commitment to having fun along the way.”

About Alegeus Technologies
Alegeus Technologies is the market leader in healthcare and benefit payments - offering the industry’s most comprehensive platform for the administration of tax-advantaged benefit accounts (FSAs, HSAs, HRAs, MERPs, VEBAs, DCAPs and transit accounts), the industry’s most widely-used benefit debit card, and leading services for the outsourced management of claim payments and associated data exchange. Over 500 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 17.5 million members and process more than $18 billion in healthcare payments annually. As the healthcare and benefit markets continue to evolve, Alegeus delivers solutions that enable clients to evolve their service offerings, operate their businesses more efficiently, and focus on their customers. The company is headquartered in Waltham, MA with operations in Carrollton, TX, Orlando, FL and Milwaukee, WI. To learn more about Alegeus, please visit www.alegeus.com.

Contacts

Alegeus Technologies, LLC
Jennifer Irwin, 414-699-5927
jennifer.irwin@alegeus.com
or
PAN Communications
Nikki Festa/Caitlyn Keating, 617-502-4300
alegeus@pancomm.com

Release Summary

Alegeus today announced that Adam Hameed has joined the company as chief revenue officer, effective October 6, 2014.

Contacts

Alegeus Technologies, LLC
Jennifer Irwin, 414-699-5927
jennifer.irwin@alegeus.com
or
PAN Communications
Nikki Festa/Caitlyn Keating, 617-502-4300
alegeus@pancomm.com