Consumer Health Technologies, Inc. (CHT) today announced the completion of acquisition of P+W Software, Inc., an industry leader that provides FSA, HRA, Transit and cafeteria benefits administration services. P+W Software was founded in 1984 and has delivered more software for large and small corporate/third-party benefits administrators and consultants than any other company in its category.
"We are confident that the combination of CHT’s BenefitSpan and P+W’s PowerPlus® will provide a comprehensive administration solution that will allow our clients to maintain a position of industry leadership in Consumer Driven Health Care marketplace. The partnership will result in expanded
client services, an improved consumer experience, and provide the added benefit of enhanced revenue opportunities for the administrator." said Tom Philipp, President of P+W Software.
Consumer Health Technologies, Inc. is a CDHC software technology leader providing comprehensive CDHC and HSA administration platform to payers, administrators and financial institutions. The P+W acquisition enables CHT to offer the most comprehensive CDHC and benefit administration platform in the market. CHT and P+W’s 120+ clients include TPAs, Blue Cross Blue Shield organizations and leading Banks.
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"We are excited to welcome the P+W team and client base to the CHT family. The combined offering and resources of the two organizations can and will create tremendous new value for our clients and partners alike. Our product has been expanded to deliver the most flexible technology and most profitable business model to our CDHC clients - Payers, TPAs and Financial Institutions", said Pradeep Goel, CEO and President, Consumer Health Technologies, Inc.
"Our partnerships with organizations such as TSYS Healthcare for benefit debit cards and Health Advocate for consumer health advocacy bring tremendous new value to our clients and their employers/employees. During this time of need to reduce healthcare costs while improving the outcome for the consumers, the ability to aggregate consumer facing services into customizable packages is vital to the growth and success of our clients", said Tim Kalbas, SVP of Sales, Consumer Health Technologies, Inc.
About Consumer Health Technologies, Inc.
Consumer Health Technologies, Inc. enables third-party administrators (TPA), banks and payers to rapidly assemble, price, deliver and administer consumer-centric health benefit accounts and services via BenefitSpan, the total CDHC service platform. BenefitSpan supports rapid integration and delivery of healthcare transactions, financial services and a wide array of supporting services such as HealthMall cash back reward program, wellness programs, telemedicine, healthcare advocacy and much more. These services can be assembled, personalized and delivered in a targeted fashion to meet the needs of the individual and group clients for benefit accounts, consumer health services delivery and administrative solutions.
Payers and administrators can also manage the consumer and provider revenue cycles with CHT's BillSpan product, a total payment administration and revenue cycle management solution that delivers comprehensive healthcare payments and revenue management capabilities. To learn more about Consumer Health Technologies, Inc. please visit www.consumerhealthtech.com.