Health Care Technology
Company Overview of Evolution1, Inc.
Evolution1, Inc. develops and operates a cloud-based platform that helps simplify healthcare account administration. The company offers WEX Health Cloud, a cloud-based healthcare financial management platform that drives efficiency for benefit administration technology, consumer engagement, and billing and payments. Its platform takes the complexity out of defined contribution, HSAs, HRAs, FSAs, VEBAs, PRAs, billing, public and private health insurance exchanges, COBRA, wellness plans, and transit plans. The company serves employer groups and consumers. It offers its solutions through a network of partner organizations in the United States and Canada. The company was formerly known as Evolut...
5050 Lincoln Drive
Edina, MN 55436
Founded in 2000
Key Executives for Evolution1, Inc.
Chief Executive Officer and President
Senior Vice President of Service Delivery and Operations
Senior Vice President of Strategy and Product Development
Compensation as of Fiscal Year 2016.
Evolution1, Inc. Key Developments
Connecture, Inc. Announces Addition of Consumer Directed Health, Including HSA/HRA/FSA Account Management and Premium Billing Powered by WEX Health (Formerly Evolution1)
May 11 16
Connecture, Inc. announced the addition of Consumer Directed Health (CDH), including HSA/HRA/FSA account management and premium billing to its suite of broker and multi-carrier exchange services. The services will be powered by WEX Health (formerly Evolution1).
Evolution1 Releases New Features and Functionality to 1Cloud by Evolution1
Sep 10 15
Evolution1 has released new features and functionality to 1Cloud by Evolution1. The enhancements make healthcare benefit transactions easier and faster for consumers. New functionality enables consumers to initiate health savings account (HSA) transactions on the go - anytime and anywhere with 1Mobile by Evolution1. The updated version of 1Mobile includes a new “HSA Transaction” button that quickly and easily enables consumers to conveniently make HSA distributions and contributions. When distributing funds from their HSA, consumers can pay themselves to an established bank account, or they can pay someone else, such as a provider. For contributions, consumers may use 1Mobile to initiate a funds transfer from a personal bank account into their HSA. Additionally, an enhanced Consumer Portal Message Center enables consumers to stay up to date about account activity through “View My HSA Tax Statements”, an automated message to advise consumers when a new HSA tax statement is available, and “Manage My Notification Preferences”, which empowers consumers to personalize the way that they receive information about their accounts. The enhancements also bring benefits to Evolution1 partners, which include health plans, key financial institutions/banks, third-party administrators, and innovative health services companies such as Medica.
CBIZ, Inc. Selects Evolution1 as Preferred Partner
Nov 18 14
Evolution1 continued to strengthen its partner base with the addition of marquee partners such as CBIZ, Inc. Evolution1 converted CBIZ's book of healthcare FSA and HRA accounts from CBIZ's previous vendor. Evolution1 enables CBIZ to now offer a new integrated HSA solution as well as a true multi-account solution. Additionally, CBIZ will now bring mobile capabilities to its clients through the 1Mobile by Evolution1(R) app.
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