Nyhart, Indiana's Largest Independent Benefits Consulting Firm, Adopts BenefitSpan After Extensive Selection Process
Consumer Health Technologies (CHT) today announced that Nyhart, one of the largest and most trusted Independent Benefits Consulting firms in the Midwest, has chosen BenefitSpan™ as their platform to deliver Consumer Driven Healthcare (CDH) services to clients.
- Fort Lauderdale, FL (1888PressRelease) August 27, 2010 - The selection was made after an exhaustive five month process that included extensive research, in-depth analysis and due diligence by Nyhart. Nyhart plans to administer over 23,000 members on the BenefitSpan platform.
"We are excited that we found a technology partner offering a product that can enhance our current services, subsequently allowing us to better serve current and future clients," said Tom Totten, Nyhart President/CEO. "Technology and partnership are the two words that brought our companies together. CHT's platform is easily integrated with our current systems and allows us to diversify into rapidly expanding high growth areas like Health Savings Accounts (HSA)."
BenefitSpan supports rapid integration and delivery of healthcare transactions, financial services, benefit accounts and a wide array of services such as HealthMall, wellness, telemedicine, healthcare and advocacy and more.
"Nyhart has an outstanding reputation in the CDH market and their decision to adopt BenefitSpan is a powerful endorsement of both our products and our team," said CHT CEO Pradeep Goel "The fact that Nyhart was named "One of Indiana's 'Companies to Watch' by the Indiana Economic Development Corporation is a testament to their commitment to their clients and we are honored to be a part of that process."
The firm strategically chose CHT so they can leverage the BenefitSpan platform to offer clients a comprehensive set of CDH services. The adoption of BenefitSpan provides Nyhart a consolidated platform to expand their services into the HSA market, integrate debit cards and offer ancillary services including Telemedicine, Advocacy, and Wellness.
"Nyhart is very proud of the fact that we are the largest independent retirement firm in Indiana, a local company that consults for some of the largest groups in the state," said Nyhart Principal Dave Van Ness. "Adding CHT's technology not only provides customized solutions that will help reduce clients out-of-pocket expenses but also allows us to offer services our competitors can't provide."
"Nyhart's adoption of BenefitSpan reinforces the fact that CHT has the most comprehensive and innovative platform in the market, allowing companies to capitalize on the ever expanding CDH growth opportunities" said Bob Rizzo, CHT Vice President of Account Management and Sales. "The extensive vetting conducted by Nyhart reaffirms that they understand our company's philosophy of growing revenue for clients by providing exceptional products and services.
About Nyhart
Nyhart opened its doors in 1943. They began as a family owned business founded by Howard Nyhart. It progressed as a family business until an employee stock ownership plan was created and the employees purchased the company. Nyhart is composed of actuaries, consultants, attorneys, accountants, and administrators, many of which have prior experience working at international consulting firms.
About Consumer Health Technologies, Inc.
Consumer Health Technologies, Inc. enables third-party administrators (TPA), banks and payers to rapidly assemble, price, deliver and administer consumer-centric health benefit accounts and services via BenefitSpan™, the total CDHC service platform.
Payers and administrators can also manage the consumer and provider revenue cycles with CHT's BillSpan™ product, a total payment administration and revenue cycle management solution that delivers comprehensive healthcare payments and revenue management capabilities. To learn more about Consumer Health Technologies, Inc. please call 1-877-CHT-3636 or visit www.consumerhealthtech.com.
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