WEX Health Strengthens Leadership Position in Industry
NEC Member Wex Inc.’s subsidiary WEX Health, an award winning healthcare financial technology platform provider, posted gains in growth and services as well as recognition within its industry solidifying its leadership position in 2017.
With more than 350 million transactions serving over 25 million consumers across the U.S. and Canada, WEX Health remains a leader in the Health Savings Account (HSA) market with nine of the top 20 HSA providers powered by WEX Health, and more HSAs utilizing WEX Health technology than any other. WEX’s growth in 2017 was driven by the addition and/or renewal of numerous notable partners as well as fostering key relationships with industry-leading third-party administrators, health plans, financial institutions, exchange partners, payroll providers and multiple union and labor funds.
WEX Health is named as a Paybefore 2017 Pay Awards Winner in the Health Care Payments Innovation category and a “Best of 2017” award winner in MobileVillage’s Mobile Star awards. Its mobile app continues as a leader in innovation, value, and technology in the market with strong year-over-year growth and downloads exceeding a million in 2017.
“Our growth and achievements reflect the ongoing need for innovative technology and integrated solutions that help organizations streamline administrative and regulatory changes,” said Jeff Young, president of WEX Health.
The New England Council congratulates WEX Health on its achievements and commends the company’s commitment to continued innovation. Read more on WEX Inc., FinTech Futures, and MobileVillage.