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WEX Health Strengthens Position as an Industry Leader
- WEX Health Cloud processed more than 350 million transactions, all with an uptime of 99.99 percent over the past five years.
- Product releases delivered more than 350 key enhancements, extending WEX Health’s unique leadership position.
Our Partner ecosystem connects us to more than 300,000 employers,
ultimately helping us serve more than 25 million consumers across
the United Statesand Canada. WEX Healthcontinues building key relationships with industry-leading third-party administrators, health plans, financial institutions, exchange partners, payroll providers and multiple Taft-Hartley union and labor funds. In 2017, growth was driven by the addition and/or renewal of numerous notable partners including American Benefit Administrators, ASI Flex, Benefitfocus, Compusys/Erisa Group, Kaiser Permanente, PIOPAC, and Tri-Star Systems. Additionally, we added several notable COBRA and advanced billing partners.
- Growth continues across all categories of employers choosing WEX Health Cloud as their technology platform for administering healthcare benefit accounts. Among Fortune 1000 companies, forty-four percent (44%) are on the WEX Health Cloud platform.
- The WEX Health Cloud mobile app continues strong year-over-year growth and was downloaded more than a million times in 2017. The mobile app continues as a leader in innovation, value, and technology in the market.
WEX Healthremains a leader in the HSA market with nine of the top 20 HSA providers powered by WEX Health, and more HSAs utilizing WEX Healthtechnology than any other. Additionally, HSA Bank, a WEX HealthPartner, grew beyond 2.4 million accountholders in 2017. WEX Healthexecutives shared thought leadership, insight, and expertise by speaking at industry conferences and by being featured in industry trade and national media, including: Barron’s, Employee Benefit News, HR Technologist, BenefitsPro, SHRM and Health Leaders Media. WEX Health'sannouncements and press releases were featured in national and regional outlets, such as the Miami Herald, Pittsburgh Post Gazette, International Business Times, and the Star Tribune.
We continue to receive industry awards and accolades, including being
named a Paybefore 2017 Pay Awards Winner in the Health Care Payments
Innovation category and a “Best of 2017” award winner in
Mobile Starawards. Additionally, Jeff Young, president of WEX Health, was named a Technology Innovator Award winner by Employee Benefit Newsand Employee Benefit Adviser, and Jeff Bakke, chief strategy officer of WEX Health, was named a 2017 Eureka! Innovation award winner by the Minneapolis/ St. Paul Business Journal.
“Our growth and achievements reflect the ongoing need for innovative technology and integrated solutions that help organizations streamline administrative and regulatory changes,” said Young. “At WEX Health, we remain committed to investing in technology and investing in our partners to help them grow and succeed. Our tremendous success is a result of our partners’ hard work, dedication, and determination to simplify the business of healthcare.”
We 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 300,000 employers and more than 25 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
Tiffany Wirth, 701-461-6473