Baltimore, MD (PRWEB) January 13, 2005
ConnectedCare, the revolutionary solution for managing consumer-directed healthcare savings plans, announces that it has finalized the acquisition of Bay Benefits LLC, a regional broker and health insurance consulting firm headquartered in Phoenix, Maryland.
Bay Benefits, founded in 2002, specialized in providing health insurance advisory and brokerage services to a wide range of business clients throughout the Mid-Atlantic area. Barbara Cummons, CEBS, joins ConnectedCare as Vice President, Client Services, where she will be responsible for all client-facing services for this rapidly growing Consumer-Directed Healthcare (CDH) solutions business. ÂThe opportunity to join ConnectedCare at this stage of its growth, and to be able to leverage all my past experiences, healthcare industry contacts and broker and TPA relationships was just something I couldnÂt pass upÂ, says Ms. Cummons. ÂIÂve seen the various carrier offerings, and ConnectedCareÂs carrier-independent solution for integrating and managing healthcare savings accounts - FSAs, HRAs and HSAs. ConnectedCare solves one of an employerÂs largest potential issues: what happens to the savings accounts, debit cards and account management processes and the healthcare education tools when a company changes from one carrier to another? Using the ConnectedCare platform, nothing!
The savings account administration and healthcare tools sit on top of the health care plan or plans rather than being bundled or co-mingled, so when an employer changes carriers the administrative platform remains in place. And if an employer has several plans from different carriers, no problem; the same account management platform and toolset can be used for all plans, and the system knows the different plan design rules and manages these in the background. ConnectedCareÂs platform is the only system IÂve seen that not only anticipates the future direction of health savings accounts, but already delivers the portable, individually managed healthcare solutions that were envisioned when HSAs were introduced.Â
ÂWe are delighted to have someone with BarbaraÂs experience join ConnectedCare. IÂve known Barbara for over six years and have watched Bay Benefits prosper under her management. With her talents focused on delivering ConnectedCareÂs CDH solutions to our clients, we expect to achieve the highest levels of service and client satisfaction while providing all the value-added services our clients have come to expect from usÂ says Terry Hunter, ConnectedCareÂs CEO. ÂSince Barbara was a successful broker, she understands ConnectedCareÂs broker distribution strategy and can help brokers achieve their desired results and properly service their customers.Â
Before founding Bay Benefits, Ms. Cummons was with Willis and Hilb, Rogal & Hamilton, two of the largest insurance brokerage firms in the United States, and First Health Strategies, a healthcare third party administrator. She holds an MBA in Finance from Nichols College.
ConnectedCare was conceived, engineered and built specifically to be the leading carrier-independent administrative portal for managing healthcare savings accounts, the foundation for consumer-directed healthcare plans. ConnectedCare provides employers with an outsourced benefits administration platform to control healthcare benefits costs while increasing employee awareness and responsibility for managing healthcare spending. Headquartered in Baltimore, Maryland, ConnectedCare is dedicated to helping organizations reduce their healthcare costs through consumerism and education. ConnectedCare provides the advice and tools necessary to transition an organizationÂs existing health insurance plans to a Consumer-Directed Healthcare Plan (CDHP) model. For more information, visit http://www.ConnectedCare.com or call 877-495-3341.
FOR IMMEDIATE RELEASE
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