News | August 17, 2017

Alegeus And Jellyvision Partner To Further Simplify Healthcare Spending

CHICAGO--(BUSINESS WIRE)--

Jellyvision, a provider of healthcare reimbursement automation technology through its FlexMinder Division, and Alegeus, the market leader in consumer directed healthcare (CDH) solutions, today launched the second phase of their partnership to improve the healthcare accounts reimbursement process. The partnership enables Alegeus clients to receive automated insurance carrier claim data feeds within the company’s benefit account administration platform – reducing claim-handling costs, eliminating submission errors, increasing debit card substantiation rates, and raising client profitability.

“Integrating FlexMinder into the Alegeus solution creates significant efficiencies and costs savings for our clients while giving consumers a simple way to manage their healthcare payments and reimbursements,” said Steven Auerbach, Alegeus CEO. “Above all, our enhanced offering keeps clients ahead of the competition, bridging the gap between health insurance and healthcare payments.”

The growth of the partnership follows the acquisition of FlexMinder’s assets by Jellyvision, creator of the interactive employee benefits communications platform ALEX, in December 2016. The second phase of the Alegeus and FlexMinder technology partnership brings a number of improvements, including:

  • Easier Accessibility and Faster Account Connectivity: Consumers can access FlexMinder’s technology directly within the Alegeus online and mobile portals. The new interface allows them to quickly connect and manage their plans.
  • 100+ Total Carrier Integrations: The integrated claims solution leverages the FlexMinder technology to bring explanation of benefits (EOB) data directly into the Alegeus platform from eighty percent of the insurance carriers in the U.S. today. This includes medical, dental, prescription and vision insurance plans.
  • No-Risk Pricing Structure: The FlexMinder integration is a no-risk proposition for Alegeus clients, paying only for members that use the FlexMinder service.

“Our investment in FlexMinder has been nothing but a positive force in further improving the benefits space,” said Jellyvision CEO, Amanda Lannert. “Since the acquisition, the FlexMinder division has doubled it’s headcount and increased carrier coverage by 20%. We anticipate nothing but continued growth for this strong division of Jellyvision.”

Alegeus offers the industry’s most comprehensive and widely used CDH platform, powering nearly 40 percent of the industry’s account-based programs (including FSAs, HSAs, HRAs) and benefit debit cards. For third-party administrators of benefit accounts, FlexMinder’s automation of claims submission, adjudication and reimbursement processes has proven to decrease costs associated with healthcare and benefits payments by 50 percent.

Alegeus and FlexMinder first partnered in February 2014 to improve the costly and fragmented healthcare and benefits reimbursement process. For more information on FlexMinder’s technology, visit www.flexminder.com, and for additional information on Alegeus, visit www.alegeus.com.

About Jellyvision

Jellyvision is an award-winning technology company whose interactive software talks people through important, complex, and potentially snooze-inducing life decisions - like choosing a healthcare insurance plan, saving for retirement, or navigating a leave of absence - in simple, fun and engaging ways. Our recipe: behavioral science, purposeful humor, mighty tech, and oregano. Our SaaS employee communication platform ALEX is used by more than 850 companies with more than 15 million employees in total – including 91 of the Fortune 500 and 3 in 10 of the country's largest companies. ALEX helps employees at these companies, whose health insurance premiums total more than $90 billion, make better decisions about their insurance plan options, 401(k) allocations and financial wellness. To learn more about Jellyvision, visit www.jellyvision.com.

About FlexMinder, a division of Jellyvision

FlexMinder is a provider of healthcare reimbursement technology that automates costly manual healthcare reimbursement processes, a $190B problem in the U.S. FlexMinder is committed to helping businesses and consumers save time and money on healthcare costs. Its service offers online tools to provide participant driven carrier file feeds for FSAs, HRAs and HSAs, making them work better and more effectively for over 4,800 employers. FlexMinder’s assets were acquired by Jellyvision in December 2016. For more information, visit www.flexminder.com.

About Alegeus

Alegeus is the market leader in consumer directed healthcare solutions, offering the industry’s most comprehensive platform for the administration of healthcare benefit accounts (including FSAs, HSAs, HRAs, wellness incentive, dependent care, and commuter accounts), the industry’s most widely-used benefit debit card, and powerful engagement solutions to help consumers maximize savings and optimize spending for their healthcare. Over 300 clients – including health insurance plans, third party administrators and financial institutions – leverage Alegeus’ deep expertise and proven technology to administer benefit accounts for more than 30 million members and 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 focus on their customers. The company is headquartered in Waltham, MA with operations in Orlando, FL and Milwaukee, WI.

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