|By Business Wire||
|August 27, 2014 11:49 AM EDT||
Health E(fx), an industry-leading, cloud-based Affordable Care Act (ACA) tracking, compliance, and medical benefits analytics company, projects that more than one million client employees will be on their system in its first year of licensing. The company is doubling month-over-month the number of new client employees being brought on the software platform.
Health E(fx) leads in multiple markets and key industries, with customers ranging from hundreds of employees up to 75,000 employees, with an average customer size of 7,500. The company is attracting top tier, national customers, including many of the largest national chains and franchisers in the restaurant, grocery retail, staffing, medical services, consumer goods retail, and other markets.
“The response of the market has been incredible. Word has spread very quickly about the capabilities and robust solution Health E(fx) provides for managing the data, compliance, management, forecasting, reporting and audit challenges of the ACA for the employer,” said Andy Brown, president of Health E(fx). “We are consistently winning nationally branded customers over all competitor solutions. After carefully comparing us to the competition, clients and their advisors conclude that Health E(fx) is the most comprehensive and easily implemented solution in the market. Our winning formula is our exclusive focus on ACA solutions that are much more innovative and comprehensive, combined with our superior team of compliance systems, benefits industry, and ACA regulatory expertise.”
One of the first customers of Health E(fx) and a national leader in the fast food chain industry with nearly 1,000 company-owned restaurants stated, “Health E(fx) gives us more than just tracking of the eligibility rules – it gives us control over decisions with instant analysis, and the Health E(fx) team gives us expert insight and new understanding of our options.”
Health E(fx) has quickly established itself as the premier solution to the employer challenge under the ACA. “Health E(fx) flawlessly automates and handles all complex employee demographics, integrating data across HRIS, payroll, and benefits administration to accurately forecast and manage the full scope of the employer mandate and offer powerful management insights and control,” adds Brown. “Additionally, the seamless integration of cloud-based Health E(fx) solutions is accomplished in a matter of weeks, without impact to existing HRIS, time and attendance, payroll, or benefits systems, and without increasing HR or IT staffing. The feedback we receive from our customers is that Health E(fx) has thought of everything they need, and made managing the ACA simple.”
About Health E(fx):
Health E(fx)™ is an industry-leading solution for tracking, compliance, reporting and audit for medical benefits under the Affordable Care Act (ACA). Health E(fx) seamlessly aggregates, validates, and automates any employer data sources, automating tracking, compliance reporting, audit, and communications required by the ACA. Health E(fx) Analytics optimize decision making for benefits design strategy, evaluating options, and determining financial impacts of employer compliance strategy and cost-management. For more information, visit www.healthefx.us. View “Health E(fx) – The Affordable Care Act Made Simple” video.
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