FARGO, N.D.--(BUSINESS WIRE)--Award-winning Evolution1 – a WEX Company – an industry-leading healthcare financial technology platform provider – recently presented Industry Update 2015. The complimentary live webcast, hosted by Jeff Young, senior vice president and general manager, Evolution1, is an annual exclusive event for Evolution1 partners.
Young highlighted the successes and sustained momentum of Evolution1 partners – third-party administrators, health plans, financial institutions, exchange partners, and payroll providers – and thanked them for their role in the awards and accolades that Evolution1 continues receiving, including being named among Cloud Top 500 Applications Vendors by APPS RUN THE WORLD.
Evolution1 senior executives previewed Evolution1’s latest product developments, including upcoming new features and functionality to 1Cloud by Evolution1®. The enhancements – scheduled to be released in mid-November – make healthcare benefit transactions easier and faster for consumers, administrators, and employers. New functionality enables partners to easily customize a page on the consumer portal for their specific employer groups. This can help partners and employers drive consumer engagement by allowing them to develop custom content, embed videos, and more. A new “recent expenses” area on the consumer portal home page displays expense status/transaction details and includes the ability to initiate payment for unpaid expenses, providing consumers with the insight they need to better manage healthcare payments. Additionally, dependents may now be automatically enrolled in HRA and VEBA plans, enabling greater operational efficiency during open enrollment.
“These enhanced features and functionality help consumers become more engaged in their healthcare by enabling them to make more informed decisions on their spending,” said Todd Reynolds, technology healthcare officer at Evolution1. “Together with our partners, this is what we do day in and day out: simplify the business of healthcare.”
As an industry leader, Evolution1 is often called upon for insight and perspective and was recently included in a “Future of Business and Tech” article titled “Health Care: The Line Between Employees and Employers” and published by Media Planet. Evolution1 continues to build key relationships, signing multi-year partnerships that solidify its leadership as the company continues towards record growth. Evolution1 partners will gather at Partner Conference 2016 on April 4 - 6 at The Westin Kierland Resort & Spa in Scottsdale, Arizona.
“Our commitment to research and development, our focus on consumers, and our dedication to quality partnerships remains unwavering,” said Young. “It was an honor to dive deeper into those topics with our partners at Industry Update 2015, and we look forward to seeing them in person at Partner Conference 2016.”
About Evolution1, Inc. – a WEX Company
At Evolution1, Inc. – a WEX Company, we simplify the business of healthcare. We do that through innovative cloud-based payment and technology solutions that administer and manage consumer-directed and defined contribution accounts. But we don’t do it alone. Our network of partner organizations enables us to deliver our industry-leading and award-winning solution to 125,000 employers and more than 12,000,000 consumers across the country. Together we take the complexity out of defined contribution, HSAs, HRAs, FSAs, VEBAs, PRAs, wellness plans, and transit plans. Learn more at www.evolution1.com, and follow Evolution1 on Twitter at @Evolution1Team.
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 9 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 2,000 associates. The Company has been publically 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.