Published: December 06, 2011
Evolution1 Announces Significant Product Enhancements
FARGO, N.D. - (BUSINESS WIRE) - Evolution1,
the nation's largest electronic payment, on-premise and cloud computing
healthcare solution that administers reimbursement accounts, including
HSAs, HRAs, FSAs, VEBAs, Wellness and Transit Plans - and serves a
number of the largest health plan providers as well as banks across the
nation - today announced substantial enhancements to its product suite
through a live web event.
The improvements to BennyCentral,
PayDirect,
Lighthouse1,
and Lighthouse1
Mobile demonstrate Evolution1's industry-leading investment to
continually empower, extend and innovate its solutions for Partners,
employers and consumers. Furthermore, because of the solutions'
inventive, multi-tenant technology, additional enhancements will be
released seamlessly throughout 2012.
The launch - which was attended in person or via the Internet by
hundreds of Evolution1
Partners, CDH industry influencers and Evolution1 team members -
highlighted key product and technology enhancements, outlined the
upcoming product roadmap and introduced "personas" or user profiles. In
creating the personas, Evolution1 conducted in-depth research with
Partners, employers and consumers to ensure its development teams
maintain a deep understanding of the various people and roles its
solutions serve.
"We continue to see extraordinary changes in the healthcare industry,
yet one thing remains constant: our dedication to reducing costs and
simplifying the business of healthcare," said Jeff
Young, chairman and chief executive officer at Evolution1. "Our new
personas connect us even further with the wide range of users we serve.
Combined with these enhancements, we - together with our Partners -
remain poised to make an unprecedented difference in the management of
all types of CDH reimbursement funds."
Key enhancements include:
-
The usability of Benny
Central - the cloud computing, SaaS (Software as a Service)
platform designed for administering reimbursement accounts including
HRAs, FSAs, and HSAs in conjunction with the Benny Prepaid Benefits
Card - has been enhanced with several changes that benefit both
consumers and administrators. For example, non-HSA accounts can now be
configured for daily or weekly replenishment while HSA accounts are
configured for daily replenishment. This new feature allows
administrators to reduce overhead by providing weekly replenishment
for HRAs and FSAs while still providing daily replenishment for HSAs.
-
PayDirect
- Evolution1's comprehensive, scalable, feature-rich on-premise
software solution for administering the broadest range of CDH plans -
in conjunction with the PayDirect Web Portal - now supports
WiredCommute, a private label national commuter benefit program for
third party administrators. The Employee Portal within
PayDirect has been redesigned, making information and tasks easier to
find. Additionally, web controls were implemented to further empower
consumers.
-
In Lighthouse1
HFSA, DFSA, and Mass Transit plans, payroll deductions and employer
contributions may now be scheduled based on the plan level payroll
frequency instead of the consumer's payroll frequency. New Employer
HSA Account Summary and Detail reports provide aggregate,
employer-specific graphs and details showing overall HSA usage within
their companies. Consumers and administrators now have the ability to
set up a recurring schedule for HSA contributions from a personal bank
account.
-
Lighthouse1
Mobile will be further enhanced in 2012 with consumers having the
ability to drill down into HSA transaction details and attach a
receipt image at the same time a claim is being filed. Additionally,
the release mobile functionality within PayDirect will enable
consumers to access account information - including account alerts,
benefit status information, claims and debit card history, TPA contact
information and more - using their smartphones.
"All members of the Evolution 1 team share our passion for customer
service and going the extra mile for clients. They listen to their
Partners and have significantly improved and evolved the software over
this past year," said Joy Snyder, president of Chard
Snyder. "We are strategically positioned to compete with the best
debit card in the market place and are capable of handling the diverse
design requests for our growing HRA business."
Evolution1 serves more than seven million consumers, 50,000 employers,
and 400 administrators, health plans and financial institution Partners.
For a complete list of current enhancements and those planned for
release in 2012, visit www.evolution1.com.
About Evolution1
Evolution1 and its Partners serve more than
seven million consumers, making it the nation's largest electronic
payment, on-premise and cloud computing healthcare solution that
administers reimbursement accounts, including HSAs, HRAs, FSAs, VEBAs,
Wellness and Transit Plans. It is the only solution that meets up to
1,200 unique plan designs, provides innovative auto-substantiation
technologies, simplifies user experience, and automates workflow for
Partners, employers, and consumers. It does all this on one technology
platform comprised of Lighthouse1 , PayDirect, the Benny®
Prepaid Benefits Card, Lighthouse1 OneCard and integrated web
portals. Evolution1 and its Partners are dedicated to delivering value,
reducing costs and simplifying the business of healthcare. For more
information, visit www.evolution1.com.

Evolution1
Tiffany Wirth, 701-499-7215
twirth@evolution1.com
www.evolution1.com/aboutus_latestnews.html
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