Alegeus Technologies Appoints Kenneth J. Fasola to Board of Directors

Alegeus Technologies, the market leader in healthcare and benefit payments, today announced that it has named Kenneth J. Fasola to its Board of Directors, effective immediately.  Mr. Fasola is one of the healthcare industry’s most prominent leaders, with more than 30 years of experience in executive leadership positions at several of the industry’s leading organizations – including UnitedHealth Group and Humana.

Mr. Fasola brings tremendous senior leadership experience and proven expertise in sales, marketing and business development – with an impeccable track record of driving profitable business growth across multiple organizations, market segments, and lines of business.  Throughout his career, Mr. Fasola has worked closely with companies that are delivering innovative technology and services to the healthcare industry.  His depth of knowledge and expertise will be indispensable in helping Alegeus to continue its rapid growth trajectory as the market leader in consumer healthcare funding solutions.

We are deeply honored to have an executive of Ken’s caliber to join our board, and we look forward to the valuable insights he will bring to the position,” said Bob Natt, Alegeus Executive Chairman. “As Alegeus continues to build upon our market leadership position and expand our differentiation in the marketplace, Ken will be instrumental in providing the unique perspective of an industry expert to help guide our strategic planning and direction.

Mr. Fasola currently serves as the President and Chief Executive Officer of HealthMarkets, Inc. Prior to joining HealthMarkets, he spent seven years with UnitedHealth Group and 13 years at Humana. While at UnitedHealth Group Mr. Fasola served as Chief Executive Officer of Secure Horizons, the nation’s largest Medicare Advantage insurer, CEO of UHC’s Central Region, and president of UHC’s Lines of Business. Throughout his career at Humana Mr. Fasola held several executive and senior management roles including chief operating officer of market operations and senior vice president sales, marketing and business development.

With an industry-leading platform to help consumers manage their ever-growing responsibility for healthcare costs, Alegeus is well positioned for significant growth,” said Mr. Fasola. “I have long been impressed with their comprehensive technology and heritage of innovation. My appointment to the board is an exciting opportunity to help Alegeus expand on its tremendous success and navigate through its next phase of growth.

About Alegeus

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.

Contact:

Dan Ring
Alegeus
dan.ring@alegeus.com

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