Evolution1 Extends Position as Industry Leader

2012 Highlights: Continued Partner Growth, Adoption Rate of 1Mobile by Evolution1

MINNEAPOLIS--(BUSINESS WIRE)--Evolution1^®, the nation’s largest electronic payment, on-premise and cloud computing healthcare solution built on a vision to simplify the business of healthcare, continued its leadership position in 2012 in terms of growth and services.

“Our single-source end-to-end solution, our strong network of dedicated Partners, and our steadfast commitment to exceptional customer service and support enable us to make an extraordinary difference in the management of all types of CDH reimbursement funds. Day in and day out, we are helping consumers maximize their healthcare dollars.”

Together with its Partners, Evolution1 now serves nearly 500 third-party administrators, financial institutions, health plans, and software providers across the country, providing healthcare and other reimbursement account services to more than 75,000 employers and more than 9,000,000 consumers.

In 2012, Evolution1’s cloud-based, software-as-a-service consumer driven healthcare (CDH) solution facilitated billions of dollars in reimbursements and processed more than 50 million claims, all with an uptime of 99.999%.

Last year Evolution1 grew the number of consumers on its platforms by nearly 40 percent. As in prior years, the top-performing Evolution1 Partners grew an average of 88 percent, outpacing their industry peers. Additionally, the company formed several new key strategic partnerships, including relationships with several of the nation’s largest and most respected health plans.

Evolution1 and its Partners saved its customers and their employees more than $2 billion in 2012 through annual healthcare cost reductions and tax savings. Such a savings enabled employers to continue providing health insurance while putting more money in their employees’ wallets to pay for healthcare costs. Additionally, Evolution1 saved its Partners more than $80 million in annual operating costs through claim and payments automation.

Ongoing healthcare legislation as well as consumer self-service needs continue to create unprecedented changes – and demands – in the healthcare industry. 1Mobile by Evolution1^® – the company’s mobile solution (formerly known as Lighthouse1 Mobile) – addresses the changes and demands. Total activations of 1Mobile have increased over 130 percent in 2012 and are now averaging nearly 1,500 new consumer activations per day, largely due to the 1Mobile functionality that enables consumers to file new FSA/HRA claims and submit associated receipt images as well as view and create transactions, all via their mobile device.

“Amongst the constant change in the healthcare industry, one thing remains unwavering: our dedication to reducing costs and simplifying the business of healthcare,” said Jeff Young, chairman and CEO of Evolution1. “Our single-source end-to-end solution, our strong network of dedicated Partners, and our steadfast commitment to exceptional customer service and support enable us to make an extraordinary difference in the management of all types of CDH reimbursement funds. Day in and day out, we are helping consumers maximize their healthcare dollars.”

Evolution1 continues to build key relationships, signing multi-year partnerships with a number of large health plans and leading third-party administrators – including Alliance Benefit Group North Central States, Inc., Benefit Advantage, Chard Snyder & Associates, Inc., Flex-Plan Services, Inc., National Benefit Services, LLC, and Vantagen, LLC – that are using Evolution1 as their strategic platform of choice. These partnerships solidify Evolution1’s leadership in the consumer-driven healthcare industry and reflect the company’s growth in the areas of HSAs and HRAs. From September 2010 to August of 2012, the number of HSA participants for Evolution1 and its Partners grew by 227 percent.

In 2012, Evolution1 received a number of prestigious awards and recognitions, including: the Institute for HealthCare Consumerism’s CEO Leadership Award, the Paybefore Awards, the Marcum Tech Top 40, the Inc. 500|5000, Deloitte’s Technology Fast 500™, and the MobileVillage “Shining Star” Mobile Star Award.

Evolution1 continued its commitment to providing a superior value proposition to its Partners with Partner Conference 2012. The annual event brings together the most highly respected experts in consumer-driven healthcare. Partner Conference 2013 will take place tomorrow through Thursday at Disney World Dolphin Resort in Orlando, Florida.

About Evolution1
Evolution1 and our Partners serve more than 9 million consumers, making us the nation’s largest electronic payment, on-premise and cloud computing healthcare solution that administers reimbursement accounts, including Defined Contribution, HSAs, HRAs, FSAs, VEBAs, PRAs, Wellness, and Transit Plans. It is the only solution that offers a single end-to-end user experience, provides innovative auto-substantiation technologies, and automates workflow for Partners, employers, and consumers. Learn more at www.evolution1.com.