Recognized industry leaders continue to choose Evolution1®, the nation’s largest electronic payment, on-premise, and cloud computing consumer driven healthcare solution, as their Partner in offering healthcare administration solutions to clients. One of the latest companies to join the Evolution1 Partner community is Paychex®, Inc., a leading provider of payroll, human resource, insurance, and benefits outsourcing solutions for small- to medium-sized businesses. With headquarters in Rochester, New York, Paychex produced $2.3 billion in revenue in fiscal 2013 and has more than 100 offices serving more than 570,000 payroll clients across the country. Through the partnership, Evolution1’s industry-leading, award-winning healthcare administration platform will be available to Paychex’s health plan clients.
“We have great confidence not only in the Evolution1 team, but also in the company’s technology and proven ability to help businesses navigate all the changes associated with the Affordable Care Act,” said Paul Davidson, director of product management for Paychex. “We look forward to bringing our clients a simplified, single end-to-end user experience through this partnership.”
Evolution1 and its Partners saved its customers and their employees more than $2 billion in 2012 through annual healthcare cost reductions and tax savings. Such a savings enabled employers to continue providing health insurance while putting more money in their employees’ wallets to pay for healthcare costs. Additionally, Evolution1 saved its Partners more than $80 million in annual operating costs through claim and payments automation.
“Paychex’s mission of making the process of managing a business easier goes hand in hand with our mission to simplify the business of healthcare,” said Jeff Young, chairman and CEO of Evolution1. “We are honored to become a preferred Partner of Paychex, and we look forward to being a part of the company’s steadfast commitment to success and its tradition of delivering excellence.”
Paychex, Inc. (PAYX) is a leading provider of payroll, human resource, insurance, and benefits outsourcing solutions for small- to medium-sized businesses. The company offers comprehensive payroll services, including payroll processing, payroll tax administration, and employee pay services, including direct deposit, check signing, and Readychex®. Human resource services include 401(k) plan recordkeeping, section 125 plans, a professional employer organization, time and attendance solutions, and other administrative services for business. A variety of business insurance products, including group health and workers’ compensation, are made available through Paychex Insurance Agency, Inc. Paychex was founded in 1971. With headquarters in Rochester, New York, the company has more than 100 offices serving approximately 570,000 payroll clients as of May 31, 2013. For more information about Paychex, visit www.paychex.com.
Evolution1 and its Partners serve nearly 500 health plans, third-party administrators, financial institutions, and software providers across the country, providing healthcare and other reimbursement account services to more than 75,000 employers and more than 9,000,000 consumers.
- Health Care Industry