WALTHAM, Mass.--(BUSINESS WIRE)--Alegeus, the market leader in consumer directed healthcare (CDH) solutions, today announced that healthcare consumerism veteran and industry thought leader, John Young, will join the company as Senior Vice President of Consumerism & Strategy. In this role, Young will drive strategic initiatives to expand the company’s leadership position, and will continue to differentiate the company’s platform and capabilities to help consumers maximize savings and optimize spending for their healthcare.
“John is an expert in all things consumer driven healthcare,” said Steven Auerbach, Alegeus CEO. “He will use his extensive experience to create, communicate, and execute strategic initiatives that will strengthen our market position and accelerate our next phase of growth. We are confident that Young’s leadership will keep Alegeus at the forefront of the healthcare consumerism movement.”
Young has been an active member of the employee benefits industry for more than three decades and has spent the last sixteen years as a devoted champion for healthcare consumerism – most recently through his own consultancy, ConsumerDriven. Prior to that, Young also served as Senior Vice President of Consumerism for Cigna Healthcare, and he currently advocates for consumer driven healthcare alongside the HSA Council of the American Banking Association.
“With my background in healthcare consumerism, I’ve been familiar with Alegeus since its early days,” said Young. “It is clear that Alegeus is an innovative company that is helping to reshape the healthcare experience for consumers. With its market-leading benefit account platform, strong leadership, and the tremendous market opportunity, it is an exciting time to join this winning team.”
Alegeus offers the industry’s most comprehensive CDH platform, which combines account-based solutions to help consumers save and pay for their care with HSAs, FSAs, HRAs, and more. It also provides engagement tools to empower consumers with meaningful support at critical “moments of truth” in their healthcare journey, helping them optimize their healthcare spending and maximize their healthcare savings.
Alegeus is the market leader in consumer directed healthcare (CDH) solutions, offering the industry’s most comprehensive platform for the administration of healthcare benefit accounts (including FSAs, HSAs, HRAs, wellness incentive, dependent care, and commuter accounts), the industry’s most widely-used benefit debit card, and powerful engagement solutions to help consumers maximize savings and optimize spending for their healthcare. Over 300 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. 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 Orlando, FL and Milwaukee, WI.