WEX Health, a WEX Company and an award-winning healthcare financial technology platform provider, introduces significant new features and functionality to its WEX Health Cloud platform through its October 2018 Release. The updates reflect WEX Health's continued focus to engage, grow, and simplify the healthcare benefits administration process for consumers, employers, and its network of partners.
"This release reflects our commitment to enabling our partners to further engage with employers and consumers to help them make better decisions about their healthcare benefits," said Matt Dallahan, senior vice president, strategy and product development at WEX Health. "We are dedicated to helping our partners grow their businesses and to helping consumers maximize their health benefit accounts, and that dedication is rooted in our mission to simplify the business of healthcare."
Engage
The October 2018 release expands upon WEX Health's
commitment to creating a personalized and highly targeted experience for
consumers. In addition to the updated look and feel of the Consumer
Portal, virtually all home page components are customizable through the
personalization engine. This allows partners and employers to provide
the right messages to the right consumers at the right time, ultimately
helping consumers maximize their healthcare benefits. For example, a
consumer with a health savings account (HSA) could make his/her
healthcare dollars go further or maximize saving for retirement based on
suggestions delivered via customizable messages. These latest
enhancements allow partners to offer a truly customized experience for
each consumer based on more than 25 different criteria.
Grow
As balances in HSAs continue to grow, investment
capabilities are becoming increasingly important to both employers and
partners in meeting the financial goals of consumers. With the October
Release, the investment capabilities in WEX Health Cloud take a major
step forward by providing greater flexibility for consumers to move
dollars to and from their accounts. This includes the ability to direct
contributions and liquidations from a particular fund as well as the
ability to continue leveraging the solution's automated sweep
capabilities. The new investment portal also provides tailored
educational content as well as an investment guidance wizard for HSA
investors. In addition to the new investment capabilities, consumers can
now view statements and notifications and provide identity verification
documentation through the WEX Health Cloud Mobile App to make the
process of opening an account even easier.
Simplify
More than 20 new metrics have been added to the
Administrator Dashboard to provide partners important insights into
their business and how it compares to the broader WEX Health ecosystem.
Smartview reports can now be scheduled and delivered to the
Administrator Portal, Employer Portal, or an OnDemand Consumer
Notifications distribution list rather than manually running the reports
each time. Also, to provide additional insight and a more expansive data
view, the detail level of the Administrator Dashboard now supplies
historical, scenario-based chart content with more variables by
introducing the ability to filter by plan type and by date range.
WEX Health partners connect WEX Health to more than 300,000 employers, ultimately helping the company serve more than 25 million consumers across the United States and Canada.
About WEX Inc.
Powered by the belief that complex
payment systems can be made simple, WEX Inc. WEX is a leading
provider of payment processing and business solutions 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 $30.3
billion in 2017; and the WEX Health financial technology platform helps
300,000 employers and more than 25 million consumers better manage
healthcare expenses. For more information, visit www.wexinc.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181101005012/en/
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.