|
|
|
| Press&News |
|
Lighthouse1 Reports Strong Growth, Added Capability in 2008 |
|
|
Consumer driven health care industry leader forecasts continued business strength
March 03, 2009 – Representatives from Lighthouse1, the industry leader in Consumer Driven Healthcare (CDH) administration software solutions, announced today the company experienced an extremely successful year in 2008 in terms of growth and services. In 2008 Lighthouse1 OnDemand™ facilitated over $1.3 billion in reimbursement transactions and processed over 25 million claims. Together with their partners, Lighthouse1 began 2009 with nearly 2 million consumers using their web-based administration platform, Lighthouse1 OnDemand, to manage their healthcare reimbursement accounts.
“The Lighthouse1 business model provides a flexible, robust platform that easily supports rapid growth, for our own company and for our partners,” said Jeff Brunsberg, Chief Market Officer for Lighthouse1. “Using a SaaS model has given Lighthouse1 OnDemand™ the scalability our competition lacks, not to mention the ability to add new features and functionality regularly. In 2008, the product has grown tremendously in more ways than just number of consumers. We've taken it to the next level in terms of service, quality, availability, features and security.”
Lighthouse1 has kept up with the growing needs in consumer driven healthcare not only implementing new functionality, but by strengthening its executive team and increasing its direct interaction with their partners. In early 2008, Lighthouse1 formally introduced its Health Savings Account (HSA) administration platform, a fully robust solution that is seamlessly integrated with the CDH platform. In addition, Lighthouse1 successfully hosted its first partner conference, entitled “Revolution 08” which was attended by Lighthouse1 partners and key influencers within the healthcare industry. In the fall of 2008, Lighthouse1 also added two new executives to the team. Jeff Young was named CEO and President of Lighthouse1 while Todd Reynolds was named Chief Technology Officer. Both Reynolds and Young previously held senior executive positions at Microsoft Corporation.
“Rising healthcare costs, increased employer expectations and a challenging economy are creating tremendous opportunities in the consumer driven healthcare industry,” said Jeff Young, President and CEO of Lighthouse1. “Our government and individual consumers in the United States are recognizing the need for consumers to have more control over healthcare spending for themselves and their families. Lighthouse1 and our strong network of business partners are uniquely positioned to combine superior services and innovative technologies to help consumers get the most out of their healthcare dollars.”
About Lighthouse1
Lighthouse1 is not just a product, it's a promise. With our partners Lighthouse1 OnDemand™ serves nearly 2 million consumers, making us the nation's largest OnDemand Healthcare solution. No other solution in the market today has been so deliberately architected to meet the benefit plan design, user experience and unique workflow management needs of administration partners, employers, and consumers in one web-based, real-time platform. Lighthouse1 is dedicated to optimizing your operations, driving more dollars to your bottom line, and growing your business. Five of the nation's largest administrators utilizing Lighthouse1 OnDemand™ have grown an average of 162% since implementation. More information is available at www.lighthouse1.com
|
|
|
|
|
|
|
