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Evolution1 Announces Significant Product Enhancements

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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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