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Lighthouse1 Moves Forward with Key Clients |
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Consumer Driven Healthcare Leader Positioned for More Growth in 2007
MINNEAPOLIS, June 27, 2007 – Lighthouse1, the industry leading provider of consumer driven healthcare administration solutions, announced today it has reached agreements with several new clients including The Choice Care Card. In addition, key client HR Concepts, LLC has gained significant business within months of signing on as a Lighthouse1 client. Both companies are considered leaders in the healthcare industry. The announcement comes during a period of record-breaking growth for Lighthouse1.
"The tremendous acceleration of our business is due to the convergence of two important elements; the power of Lighthouse1's technology solution and the dynamic changes in the consumer driven healthcare market," said Lighthouse1 Chief Executive Officer, Jeff L. Fritz. "Lighthouse1 OnDemand™ is uniquely suited to an industry that's not only growing rapidly, it's changing just as quickly." Fritz added he was particularly pleased with the addition of The Choice Care Card and HR Concepts, LLC to the company's client base.
"Every third party administrator looks for ways to reduce their cost of administration, provide the most advanced technology platform and deliver exceptional customer service. Lighthouse1 provides the solution," said Peter Jennings, CEO and President of HR Concepts, LLC, a regional expert in third party administration and benefits consulting based in Bedford, New Hampshire. "Because of our transition to the Lighthouse1 platform, HR Concepts earned the right to be the TPA of choice for one of the largest insurance companies in New England."
Lighthouse1's newest client, The Choice Care Card, is an industry leader in debit card administration for health reimbursement accounts. "We chose Lighthouse1 after using two other services in the marketplace. Lighthouse1 OnDemand™ is by far the most progressive solution available. Its claim processing capabilities are extremely robust and we really liked Lighthouse1's imaging technology," said Jay Hunter, President and CEO of The Choice Care Card.
About Lighthouse1
Lighthouse1 delivers Consumer Driven Healthcare (CDH) administration software solutions including Lighthouse1 OnDemand™, the high performance Software as a Service (SaaS) solution, to resolve challenges in the administration of Section 125, 105, 132 and other pre-tax spending programs in the healthcare and employee benefits industry. Its mission is to use the latest technology and services to assist and support CDH administrators in the management of healthcare account services. Lighthouse1 OnDemand™ allows third party administrators and healthcare providers to manage services for employer plans that include: Flexible Spending Accounts (Medical and Dependent Care), Transit and Parking, Health Reimbursement Arrangements and Health Savings Accounts. More information is available at www.lighthouse1.com
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