Most Popular Stories
- 2nd Annual Medicare Advantage Compliance Symposium
May 31, 2012 — Washington Plaza Hotel, Washington, DC
- MDMA Annual Meeting
May 30th – June 1st, 2012 — Washington, DC
- IHI's Primary Care Practice Coach Program
Begins June 26, 2012
- Annual Research Meeting (ARM)
June 24-26 — Orlando, FL
FierceHealthPayer provides the latest news about the fast-changing and heavily regulated area of healthcare reimbursement. Join 16,000 healthcare plan executives who get FierceHealthPayer via twice weekly email. Sign up today!
Aetna adds consumer-based services with PayFlex purchase
Looking to enhance its consumer health business, Aetna (NYSE: AET) is buying PayFlex Holdings Inc., an administrator of health savings and flexible spending accounts, for roughly $202 million, reports the Wall Street Journal.
Aetna expects to combine the Omaha-based PayFlex and its existing consumer fund services into a single unit with about 2 million accounts, according to a company press release. PayFlex will still sell its products as a standalone business.
"This acquisition fits well with Aetna's core business, which has a strong focus on consumer-directed product offerings," said Aetna CEO Mark Bertolini. "With an increased focus on consumerism, the acquisition of PayFlex will extend Aetna's ability to provide members with flexible, customized, easy-to-use tools and solutions to better manage their health care expenses."
PayFlex has web-based programs to manage health benefits with features such as health savings accounts, health reimbursement accounts, flexible spending accounts and COBRA direct-billing, notes the press release.
"We firmly believe our proprietary HealthHub technology platform will be a great addition to the Aetna portfolio of products and will create unique market advantages for our existing and future potential customers," said PayFlex CEO Robert Natt.
Home | Subscribe | Advertise | Mobile Edition | RSS | Privacy | Site Map | Editors
THE FIERCEMARKETS NETWORKFierceEnergy | FierceSmartGrid | FierceFinance | FierceFinanceIT | FierceComplianceIT | FierceHealthcare | FierceHealthFinance | FierceHealthIT | Hospital Impact | FierceMobileHealthcare | FierceHealthPayer | FiercePracticeManagement | FierceEMR | FierceCIO | FierceCIO:TechWatch | FierceContentManagement | FierceMobileIT | FierceGovernmentIT | FierceGovernment | FierceHomelandSecurity | FierceBiotech | FierceBiotech Research | FiercePharma | FierceVaccines | FierceBiotechIT | FiercePharma Manufacturing | FierceMedicalDevices | FierceDrugDelivery | FierceCRO | FierceIPTV | FierceOnlineVideo | FierceTelecom | FierceEnterpriseCommunications | FierceBroadbandWireless | FierceDeveloper | FierceMobileContent | FierceWireless | FierceWireless:Europe | FierceCable
© 2012 FierceMarkets. All rights reserved.