Through our superior technology we are able to provide a higher degree of automation across a broader array of benefits resulting in efficiency levels that are 35% - 45% better than the platforms we developed and managed in the past
Houston, TX (PRWEB) January 12, 2009
Empyrean Benefit Solutions, Inc. (Empyrean) has ramped up quickly to grow by over 800% in annual revenue in their first year marketing their services. This fact doesn't surprise industry insiders who know Empyrean's senior management team. Those in the know are familiar with the senior management team's past success with their founding of SynHRgy HR Technologies (SynHRgy). SynHRgy grew by over 5,000 percent over five years and was eventually sold to Marsh & McLennan in 2003. In the end, SynHRgy had a large share of the mid and large market of employers who were hungry for high-quality, low-cost health and welfare administrative services.
The main link between SynHRgy and Empyrean is Dave Carlson, Chairman/CEO of Empyrean. Mr. Carlson founded and led SynHRgy after leaving Hewitt Associates. His belief in leveraging superior technology and industry-leading domain expertise led him to create SynHRgy, and to do something similar at Empyrean. Like his preceding effort, Empyrean looks to grow swiftly through the delivery of high-quality health and welfare administration services at industry-leading cost points. However, there's more to Empyrean than is apparent upon first glance.
"Similar to when we started SynHRgy, there were technology based opportunities we could leverage that would enable our team to create a superior platform resulting in a broader array of capabilities, greater efficiency and ultimately, lower costs to clients", said Mr. Carlson. "Traditional providers of health and welfare services are still using platforms created in the 1990's. Since then, they've made improvements, but the core technology and all of its limitations remain."
Empyrean began to provide administrative services to employers in 2007. Every client is a positive reference. In 2008, Empyrean added many new clients through both highly competitive procurement initiatives and direct sales efforts. The resulting client list contains some of the best brands in the US across multiple industries, including manufacturing, retail, chemical, technology and others. New clients for 2008 include Illinois Tool Works, Hormel Foods, Panda Restaurant Group, Sabre Holdings and more.
While Empyrean lacks the brand recognition of a Hewitt or Mercer, they make up for it by doing more for less. "Through our superior technology we are able to provide a higher degree of automation across a broader array of benefits resulting in efficiency levels that are 35% - 45% better than the platforms we developed and managed in the past", said Richard Wolfe, COO of Empyrean. "This means that delivering high levels of quality doesn't require the level of human interaction it did before. This fact, combined with our ability to attract and retain some of the industry's best talent, is in direct alignment with Empyrean's ability to deliver on the vision of providing more for less".
Empyrean Benefit Solutions (http://www.empyreanbenefits.com), an emerging leader in providing health and welfare solutions, is led by Dave Carlson, Empyrean's CEO and former founder of SynHRgy HR Technologies, Inc. Empyrean's service delivery model represents the next generation in benefits delivery capability, combining traditional health and welfare administration services with powerful healthcare data to enable reductions in costs associated with plan sponsorship.
# # #