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Lighthouse1 Recognized as a Consumer Directed Healthcare Platforms Industry Leader |
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Independent Report states “Lighthouse1 offers a well-built platform that is clearly designed with the consumer in mind”
May 29, 2009 – Minneapolis, MN - Representatives from Lighthouse1, an industry leader in Consumer Driven Healthcare (CDH) administration software solutions, are pleased to announce that Forrester Research has given Lighthouse1 OnDemand™ the highest rating for Market Presence, Product Strategy and Technology Architecture among the CDH technology platforms represented in the May 2009 Forrester Wave™: CDHP Platforms, Q2, 2009.
“This report provides recognition that the combined contributions of Lighthouse1’s technology innovations coupled with our partners’ world class service has created the top technology architecture rating and the strongest market presence. This is a valuable reflection of our strategy and the strength of our solution.” said Jeff Young, President and CEO of Lighthouse1. Young also stated that they are planning to announce groundbreaking new capabilities at their annual partner conference held at the end of June in Minneapolis, “At Revolution 09 we will be launching new product capabilities and partner services that will demonstrate our continued commitment to providing a market leading solution.” Young said.
Vendors evaluated in the Forrester Wave™ for CDHP Platforms must prove they provide an integrated solution. In order to be considered, each vendor must be independent of any bank or payer organization, support the administration of HSA’s, HRA’s and FSA’s and provide multipurse debit card capabilities. Within those broader categories Forrester used 60 specific criteria to evaluate each vendor’s current offering, strategy, and market presence.
“Lighthouse1 has grown from startup status to become a force to be reckoned with in the TPA market,” wrote Carlton A. Doty, Vice President and Research Director at Forrester Research in the report. “The firm remains strategically focused on the benefits administrator market serving more than 40 clients (partners) and growing, and it only recently began targeting midmarket health plans and banks with its SaaS solution.”
“We are pleased to be the only company evaluated in the Forrester Wave™ who has remained exclusively focused on building world-class technology from the ground up. By avoiding the inherent distraction of acquiring and integrating disparate, incompatible technologies we can stay focused on serving our partners and post another record breaking year,” said Jeff Bakke, Executive Vice President of Strategy and Business Development for Lighthouse1. Lighthouse1 reported organic growth of 89% in 2008. “The foundation we have built through our best-in-class technology and expertise in health spending account administration has helped us execute our planned expansion of partners in the financial services and managed care sectors in a rapid but deliberate fashion.”
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.
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