Empyrean Benefit Solutions, Inc. Reports Record Growth

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Employers increasingly seeking open platform for greater freedom and control

The market...can avoid the high costs and inflexibility associated with the outdated systems offered by legacy outsourcers

Empyrean, one of the fastest growing benefits technology and services firms in the US, announced today that year-to-date new client wins set a record.

“During the first four months of the year, Empyrean has been invited to participate in more competitive searches than in any prior year and we’ve won over 50% of them,” said company President Michael Taggart. “Until now, that level of market acceptance was unheard of.”    

Empyrean’s growth has been fueled largely by clients who have transitioned services from some of the industry’s largest providers to obtain greater flexibility and more consistent quality, as well as internally administered employers looking for state-of-the-art technology and supporting services. The privately held company is on track to record greater than 40% percent revenue growth this year. In the last 12 months, Empyrean has won 10 client engagements in the large market, more than any prior year.

“The real key to our controlled growth is the improvement in productivity driven by our technology platform. The market is clearly getting the message that by accessing Empyrean’s advanced technology they can avoid the high costs and inflexibility associated with the outdated systems offered by legacy outsourcers,” said Empyrean CEO Richard Wolfe. “Empyrean’s focus on enabling client strategies through an open systems approach to integrating technology and service capabilities is a big advance over the old approach of fitting the client into a box limited by the outsourcer’s capabilities.”

About Empyrean:
Founded in 2007, Empyrean Benefit Solutions, Inc. (http://www.GoEmpyrean.com) is a leader in providing highly customized technology and services to manage health and benefit programs for large and middle-market employers. The company brings together the industry’s most advanced benefits technology platform with the market’s leading domain experts, to drive significantly greater value to employer clients and plan participants. Empyrean’s founders are formerly principals of some of the country’s largest benefits administration service providers.

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Doug Hogenmiller
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