Alegeus and Picwell Partner to Deliver Smart Decision Support for 2020 Open Enrollment
Published on July 30th, 2019
Waltham, MA — July 30, 2019 — Alegeus, the market leader in consumer-directed healthcare (CDH) solutions, today announced it has partnered with Picwell, next-generation decision support company, to more broadly support the benefits lifecycle. With greater influence across the full spectrum of healthcare benefits, Alegeus clients can empower consumers to make smart benefit choices during open enrollment.
Low consumer health and financial fluency has been well documented. According to a soon-to-be-released poll around 2019 open enrollment experiences, thirty percent of employers did not help their employees understand or make their benefit decisions, leaving nearly half of consumers dissatisfied with their open enrollment experience and one out of four unclear whether they were enrolled in the right combination of health plan and accounts.
“Leveraging machine learning, creating dynamic models, and applying artificial intelligence to big data sets will help employers and their employees make better choices while shaping the future of healthcare benefits,” said Steven Auerbach, Alegeus CEO. “As part of our Smart Account initiative, the Picwell technology will help our clients deliver an open enrollment experience that drives results and a seamless consumer experience.”
“We match consumers to the right plan during enrollment by predicting future care considerations, estimating out-of-pocket expenses, and accounting for personal preferences,” said Matt Sydney, Picwell CEO. “We use an advanced data science methodology, that represents billions of medical claims for more than 40 million people, to evaluate the factors consumers care about and produce a holistic set of predictive outcomes.”
Alegeus clients can fully integrate Picwell’s AI-driven and white-labeled technology into their existing enrollment experience via their Benefit Administration platform or they can embed Picwell’s capabilities directly within their open enrollment communications and campaigns.
To learn more, click here to view an Alegeus and Picwell webinar, “Turbocharge Your CDH Participation with AI & Intelligent Decision Support”.
Picwell is a healthcare technology company providing leading enterprise solutions to enhance healthcare benefits and improve the consumer experience. Picwell’s flagship offering is a SaaS-based decision support product that uses artificial intelligence to match individuals to the right health benefits during enrollment by predicting future care considerations, estimating out-of-pocket expenses, and accounting for individual preferences. Other solutions support consumerism and high-deductible health plan adoption, consumer engagement, and risk management.
With more than 25 years of growth and innovation, Alegeus is the market leader in SaaS-based healthcare payment solutions. Our highly flexible, white-label platform powers account-based benefit programs such as HSAs, FSAs, HRAs, COBRA, wellness incentives, lifestyle benefits and beyond. We deliver exceptional user experiences and differentiated capabilities that help our partners strengthen their product offerings, operate more efficiently, and unlock their full growth potential. Our partnerships with the industry’s leading health plans, third-party administrators, financial services and benefit solution providers give Alegeus unparalleled reach in the market, with access to more than 100 million commercially insured Americans. And our unique partnership model empowers our clients to achieve outsized results – growing their programs at a rate that is 3-4X the market, and with the highest net promoter scores (NPS) in the industry. We never compete with our clients in the market – we win when they win. Alegeus is headquartered in Waltham, Mass., with operations centers in Orlando and Bangalore, and a large remote workforce.