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WEX’s Health Division Strengthens Position as an Industry Leader
“While the healthcare benefits administration industry is ever-changing,
one thing remains constant: our commitment to investing in technology
and investing in our partners to help them grow and succeed,” said
Specifically in 2018:
The Company’s partner ecosystem now connects it to more than 343,000
employers, ultimately helping it serve more than 28 million consumers
the United Statesand Canada.
- Product releases delivered more than 310 key enhancements, extending WEX Health’s leadership position. The business intelligence capabilities introduced within WEX Health Cloud enable partners to make better and more informed decisions, all via one award-winning platform that delivers an end-to-end solution for consumer-driven healthcare and wellness accounts.
WEX Healthcontinues building key relationships with industry-leading, third-party administrators, health plans, financial institutions, benefit administration partners, and payroll providers. In 2018, WEX Healthhad another strong year of new additions and renewed partners to the WEX Healthpartner ecosystem, including Admin America, Administrative Solutions, Inc.(ASi), Alerus, Caprock HealthPlans, Consumer Choice Plans, Consumer Driven Administrators, 24HourFlex, Varipro, and Voya Financial.
- Growth continues across all categories of employers choosing WEX Health Cloud as their technology platform for administering healthcare benefit accounts.
- The WEX Health Cloud Mobile App continues its strong performance with transactions doubling year over year. The Mobile App is a leader in innovation, value, and technology in the market.
- WEX’s Health Division continues to capitalize on the momentum of the healthcare savings account (HSA) market with growth of accounts and assets, with more than five million HSA accounts on WEX Health Cloud, more than any other platform in the country.
WEX’s Health Division executives shared thought leadership, insight,
and expertise by speaking at industry conferences and by being
featured in the national news and industry trades. This resulted in a
total of 108 million media impressions for 2018 and included coverage
New York Times, U.S. News & World Report, TheStreet, and PaymentsSource. WEX Health'sannouncements and press releases were featured in national and regional outlets, such as Becker’s Hospital Review, HR.com, HR Daily Advisor, and InformationWeek.
Powered by the belief that complex payment systems can be made simple, WEX (NYSE: WEX) is a leading financial technology service provider across a wide spectrum of sectors, including fleet, travel and healthcare. WEX operates in more than 10 countries and in more than 20 currencies through more than 3,500 associates around the world. WEX fleet cards offer 11.5 million vehicles exceptional payment security and control; purchase volume in its travel and corporate solutions grew to
Tiffany Wirth, 701-461-6473