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BENEFITFOCUS EXPANDS REACH TO CONSUMERS WITH CONNECTYOURCARE PARTNERSHIP
Innovative Pairing of Consumer-Directed Healthcare Account Information with Health Management Services to Drive Healthcare Consumerism & Better Health Outcomes
(Hunt Valley, MD AND Charleston, SC) January 21, 2008 - Benefitfocus, a leading provider of software and services for the healthcare benefits market, announced today that they have partnered with ConnectYourCare, a leading provider of Consumer Directed Healthcare (CDH) account management solutions. This partnership aims to enhance Benefitfocus’ existing services by integrating ConnectYourCare’s top-ranked CDH platform to create a comprehensive product that supports employer demand for flexible account-based benefit solutions.
We are pleased to name ConnectYourCare as one of our premier CDH account management partners. Our first successful joint client is Bon Secours Health System, Inc., a not-for-profit Catholic health system with numerous hospitals and other health care facilities located in 10 communities in seven states. We look forward to deploying this innovative solution with others, commented Shawn Jenkins, Benefitfocus president and CEO. The combination of our best-in-class data integration and benefits software and ConnectYourCare’s top-rated account-based health plan administrative platform, provides a value-added integration of functionality for employers.
Benefitfocus’ Enterprise & Consumer Healthcare Information Technology progressively meets the needs of a continually evolving healthcare insurance market with diversified products and services. These products and services ensure the best use of technology to inform and educate individual consumers while simplifying processes for healthcare insurance constituents. The ConnectYourCare partnership will build upon Benefitfocus’ benefits enrollment portal solution with employer-focused account management and administrative services including:
- An Innovative Consumer Finance Platform with Integrated Investments for easy HSA management and bank relationship/trustee flexibility for health plans and employers.
- A Healthcare Payment Card that will enable participants to access any combination of accounts based upon the type of expenditure and rules set by the participant or the employer.
- State of the art Consumer Healthcare Payments where participants use the latest technology to transmit and store receipts for easy reimbursements, or can click-to-pay medical invoices that arrive in the portal from their carrier after adjudication.
- A Funds Control System that does the heavy lifting of money movement and funds availability between employers, consumers, health plans, the bank, the debit card network, and the healthcare provider community.
- Transparent control of data through the CYC Employer Dashboard, with the ability to run reports and make changes to fund management or employee data.
“Tremendous synergies are created when the consumer’s health benefits enrollment portal is tightly integrated with the health education and account management,” commented Jamie Spriggs, co-founder and COO of ConnectYourCare. “However, each is a separate discipline and requires a different focus. We believe this solution is at the top of every employee benefit manager’s wish list as employers and health plans alike can leverage a truly comprehensive CDH technology solution that easily plugs into existing systems.”
About Benefitfocus
Benefitfocus is the leader in software and services for the healthcare benefits market providing “Quote to Claim” technology for both enterprise and consumer applications. By developing leading technology solutions, Benefitfocus allows consumers, employers and benefit providers to manage complex decisions in an ever-changing healthcare environment. Benefitfocus can be reached at 843-849-7476 or via the Internet at www.benefitfocus.com.
About ConnectYourCare
ConnectYourCare’s consumer-directed healthcare (CDH) benefit delivery platform provides a pathway for migration to account-based health plans, supplying tools for consumers to better manage their healthcare dollars. ConnectYourCare’s core strategy is based upon providing stewardship to its customers by helping them simplify complex health benefit concepts, motivate individuals to act, and execute a successful solution, resulting in long-term health benefit cost containment. Please visit ConnectYourCare.com for more information or call 1-877-495-3341.
ConnectYourCare Contact
Jamie Spriggs
410-891-1005
jamie.spriggs@connectyourcare.com