Fifth-largest U.S. Commercial Bank Chooses Lighthouse1 as Strategic Technology Partner
MINNEAPOLIS--(BUSINESS WIRE)--Lighthouse1, an industry leader in consumer-driven healthcare (CDH) software solutions, today announced a multi-year service partnership with U.S. Bank to provide additional features and functionality to U.S. Bank’s health savings account (HSA) clients. U.S. Bank, one of the nation’s leading HSA providers, selected Lighthouse1 as its technology partner after a thorough review of CDH solution providers.
“Consumers see the healthcare payment process as unnecessarily complex”
“U.S. Bank is a shining example for financial institutions of how to operate with integrity, vision and high growth. We are eager to combine our best-in-class CDH administrative solutions with U.S. Bank’s longstanding tradition of excellence,” said Jeff Young, CEO and president of Lighthouse1.
U.S. Bank’s new offering, which runs on the Lighthouse1 OnDemand™ platform, will make it easier for consumers to manage their healthcare accounts with two important, user-friendly features: a single payments card and a single Web portal for online account management.
“Consumers see the healthcare payment process as unnecessarily complex,” said Ralph Bernstein, senior vice president of Healthcare Payment Solutions at U.S. Bank. “We’re giving them a full array of tools to manage these types of accounts and make informed decisions about how they spend their healthcare dollars.”
Employers and consumers rely on Lighthouse1 to provide an intuitive, easy-to-use, Web-based technology solution that enables them to simplify, engage and monitor account activity real-time, 24/7. For example, recent enhancements to the Lighthouse1 HSA and debit card capabilities have streamlined enrollment, claims processing, investment allocations and other administrative processes, making them 100 percent automated and virtually paperless.
“More and more financial institutions are looking to Lighthouse1 to provide the backbone of their CDH offering,” said Young. “Our research and development focus offers them a competitive advantage as we continuously extend the capabilities and innovations of our solutions.”
About Lighthouse1
Lighthouse1 and its partners serve more than 2.5 million consumers, making Lighthouse1 the nation’s largest web-based healthcare solution that manages HSAs, HRAs, FSAs, and Transit Plans. It is the only solution available today that meets more than 1,100 unique benefit plan designs, simplifies the user experience, and satisfies workflow management needs of administration partners, employers, and consumers. It does all this on one technology platform comprised of Lighthouse1 OnDemand, the Lighthouse1 OneCard, and fully integrated web-based portals available 24/7/365. Lighthouse1 and its partners are dedicated to reducing costs and simplifying the business of healthcare. Visit www.lighthouse1.com for more information.
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