WEX’s Health Division Strengthens Position as an Industry Leader

FARGO, N.D.–(BUSINESS WIRE)–WEX
Inc.
, an award-winning healthcare financial technology platform
provider, further solidified its leadership position in 2018 in terms of
growth and services.

“While the healthcare benefits administration industry is ever-changing,
one thing remains constant: our commitment to investing in technology
and investing in our partners to help them grow and succeed,” said Jeff
Young, president, Health, WEX. “Our continued incredible success
reflects our partners’ hard work, dedication, and determination to
deliver on our shared mission to simplify the business of healthcare.”

Specifically in 2018:

  • The Company’s partner ecosystem now connects it to more than 343,000
    employers, ultimately helping it serve more than 28 million consumers
    across the United States and Canada.
  • Product releases delivered more than 310 key enhancements, extending
    WEX Health’s leadership position. The business intelligence
    capabilities introduced within WEX Health Cloud enable partners to
    make better and more informed decisions, all via one award-winning
    platform that delivers an end-to-end solution for consumer-driven
    healthcare and wellness accounts.
  • WEX Health continues building key relationships with industry-leading,
    third-party administrators, health plans, financial institutions,
    benefit administration partners, and payroll providers. In 2018, WEX
    Health had another strong year of new additions and renewed partners
    to the WEX Health partner ecosystem, including Admin America,
    Administrative Solutions, Inc. (ASi), Alerus, Caprock HealthPlans,
    Consumer Choice Plans, Consumer Driven Administrators, 24HourFlex,
    Varipro, and Voya Financial.
  • Growth continues across all categories of employers choosing WEX
    Health Cloud
    as their technology platform for administering
    healthcare benefit accounts.
  • The WEX Health Cloud Mobile App continues its strong performance with
    transactions doubling year over year. The Mobile App is a leader in
    innovation, value, and technology in the market.
  • WEX’s Health Division continues to capitalize on the momentum of the
    healthcare savings account (HSA) market with growth of accounts and
    assets, with more than five million HSA accounts on WEX Health Cloud,
    more than any other platform in the country.
  • WEX’s Health Division executives shared thought leadership, insight,
    and expertise by speaking at industry conferences and by being
    featured in the national news and industry trades. This resulted in a
    total of 108 million media impressions for 2018 and included coverage
    in: The New York Times, U.S. News & World Report, TheStreet, and
    PaymentsSource. WEX Health’s announcements and press releases were
    featured in national and regional outlets, such as Becker’s Hospital
    Review, HR.com, HR Daily Advisor, and InformationWeek.

WEX Health Partners will gather at WEX
SPARK Health 2019
, formerly Partner Conference, May 6 through May 8
in Miami Beach, Florida. The event, on pace to achieve record-breaking
attendance, will feature Mel Robbins, one of the most sought-after
motivational speakers in the world. The event pillars—network, learn,
grow, and strategize—are the guiding principles in what will be offered
and hosted at SPARK 2019. Sales, marketing, and leadership skills
concurrent sessions as well as innovative product-specific updates will
provide partners the insight and information they need to move their
businesses forward. Partners will gain invaluable networking time with
partner peers, industry experts, and WEX Health senior leaders. Learn
more
.

About WEX
Powered by the belief that complex payment systems
can be made simple, WEX (NYSE: WEX) is a leading financial technology
service provider across a wide spectrum of sectors, including fleet,
travel and healthcare. WEX operates in more than 10 countries and in
more than 20 currencies through more than 3,500 associates around the
world. WEX fleet cards offer 11.5 million vehicles exceptional payment
security and control; purchase volume in its travel and corporate
solutions grew to $30.3 billion in 2017; and the WEX Health financial
technology platform helps 300,000 employers and more than 25 million
consumers better manage healthcare expenses. For more information, visit www.wexinc.com.

Contacts

WEX
Tiffany Wirth, 701-461-6473
twirth@wexhealthinc.com

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