Anthem Selects Alegeus to Partner on Consumer Directed Healthcare Solutions

As healthcare costs continue to grow, employers are increasingly shifting to consumer-directed plan designs, which require broader financial accountability for consumers. Anthem Inc. (“Anthem”) believes that account-based products – such as health savings accounts (HSAs), flexible spending accounts (FSAs), and health reimbursement arrangements (HRAs) – have become an indispensable tool to help consumers save and pay for their new financial responsibilities.

That’s why Anthem has entered into an agreement with Alegeus, the market leader in consumer directed healthcare (CDH) solutions, to serve as the preferred partner to power the CDH programs of Anthem’s affiliated health plans. The Alegeus platform will power these plans to provide robust engagement tools that help consumers optimize their healthcare spending and maximize their healthcare savings.

Consumer directed healthcare continues to play a significant role in the solutions we offer our customers. As consumers assume more financial responsibility, it is imperative that health plan strategies evolve to deliver products and solutions that support and guide them,” said Patrick Blair, senior vice president, Commercial Business Segments & Chief Marketing Officer at Anthem. “As we evaluated technology partners to enable CDH product strategies, it was clear that Alegeus was the right partner for this critical market opportunity – giving our health plan affiliates the agility and flexibility to bring the right solutions and unique capabilities to consumers.

By leveraging an established CDH platform, health plans can transform the consumer healthcare experience – delivering unique solutions to help them make informed decisions and maximize the value of their healthcare dollars. Fully-integrated CDH solutions offer flexibility to support a wide range of plan designs, unique features that maximize consumer convenience and choice, and powerful tools and programs to maximize consumer engagement.

We are thrilled that Anthem has put their trust in Alegeus to help them capitalize on this compelling CDH market opportunity,” said Steven Auerbach, CEO at Alegeus. “We are fully committed to providing strategic support and the enabling technology that brings to market innovative CDH product offerings, such as a seamless consumer healthcare experience.

About Anthem, Inc.

Anthem is working to transform healthcare with trusted and caring solutions. Our health plan companies deliver quality products and services that give their members access to the care they need. With over 73 million people served by its affiliated companies, including nearly 40 million within its family of health plans, Anthem is one of the nation’s leading health benefits companies. For more information about Anthem’s family of companies, please visit www.antheminc.com/companies.

About Alegeus

Alegeus is the market leader in consumer funding solutions, delivering the industry’s leading white-label platform that transforms how consumers save and pay for healthcare. Our next-generation technology simplifies the administration of healthcare benefit accounts (including FSAs, HSAs, HRAs, wellness incentive, dependent care and commuter accounts) and COBRA, using data-driven insights to guide consumers to the best coverage, cash and care strategies. More than 350 Alegeus clients – including health insurance plans and third-party administrators – leverage our deep expertise and proven technology to administer benefit accounts for more than 30 million members and to process more than $9.1 billion in consumer healthcare payments annually. As the healthcare and benefit markets continue to evolve, Alegeus delivers solutions that enable clients to evolve their service offerings, operate their businesses more efficiently, and lead consumers to better health and financial decisions. The company is headquartered in Waltham, MA with operations in Orlando, FL and Milwaukee, WI.

Contact:

Jennifer Irwin
Alegeus
414-699-5927
jennifer.irwin@alegeus.com

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