November 30, 2013
I’m proud to share some recognition in the fields of health care business and consumerism.
Modern Healthcare: 2013 Healthcare’s Hottest Companies
The Exchange Solutions segment of Towers Watson, launched with the acquisition of Extend Health, was recognized by Modern Healthcare for being one of the fastest growing health care companies in the U.S. – named 4th among a great group of companies.
Institute for HealthCare Consumerism: 2013 Innovator > See pg 63
I’m honored to be named among some very esteemed industry figures by the Institute for HealthCare Consumerism. See page 63 to learn a little about the early days of Extend Health and what’s it’s meant to my team at work and at home to be in the leading wave of health insurance exchanges in our nation.
November 23, 2013
I spoke with several journals about what the Liazon acquisition means for Towers Watson and the exchange space. This coverage pulls in opinions from across the industry as well as my highlights.
Private Health-Exchange Market Consolidates, David McCann
My highlight: “Towers Watson has plenty of good reasons for buying Liazon….The market is moving so rapidly, and there’s a sense that a tipping point is being achieved…It’s as if the music just stopped and we grabbed the last chair.”
Towers Watson expands private exchanges with $215M Liazon purchase, Jerry Geisel
My highlight: “Liazon has “the most sophisticated insurance platform by a mile in this market.”
Towers Watson’s private exchange division leader details advantages of Liazon purchase, Kathleen Koster
My highlight: “We want to be the leading player in private exchanges….A year and a half ago, they [Towers Watson] bought the leading retiree exchange in Extend Health. Today, they’re buying the leading active exchange technology company, Liazon….The acquisition gives Towers Watson the ability to hit the market very quickly with all the most sophisticated exchange technology out there.”
More on the acquisition
- Towers Watson’s announcement
- Wall Street Journal
- Huffington Post Business
- Bloomberg BusinessWeek
- Daily Finance, Motley Fool
- Insurance Networking News
- Employee Benefit Advisor
- Plan Sponsor
A closer look at Liazon
- New York Times, The Landscape of Small-Business Health Insurance
- FastCompany, This Buffalo Startup Built the Amazon of Health Care Buying
Towers Watson Acquires Liazon to Expand Private Benefit Exchange Offerings Through Multiple Channels
November 22, 2013
Transaction complements Towers Watson’s OneExchange with scalable, flexible solution
NEW YORK, November 22, 2013 — Towers Watson (NYSE, NASDAQ: TW), a global professional services company, announced today that it has acquired Liazon Corporation, a leader in developing and delivering private benefit exchanges for active employees. The acquisition, which follows the purchase of Extend Health in June 2012, solidifies Towers Watson’s strength in the private exchange market through its OneExchange solution. Going forward, Towers Watson will continue to enhance Liazon’s award-winning private exchange solution and serve the needs of Liazon’s leading broker, consultant and carrier partners, some of which offer the Liazon product under their own brands.
Extend Health has just launched a new tool in our suite of industry-leading exchange features. BenefitView™ is the first real-time, interactive Medicare exchange dashboard for employers.
There are a lot of moving pieces when moving to the individual market on an exchange. BenefitView gives companies transitioning to the Extend Health exchange more insight into how their retired employees are doing than ever before.
BenefitView is Extend Health’s GPS for a smooth transition, giving employers a clear view of retiree enrollment status at every point in the process. It lets us both work together more effectively to make sure no retiree is left behind. It’s like inviting employers to sit down at one of our internal monitoring stations and giving them the password to look up whatever measures they want: how many retirees have received communications, how many have made and competed appointments, how many have enrolled and how long it all took.
It’s an unprecedented level of access and transparency, and we know from employers who have come to us from other exchange platforms that it’s more than some providers know about their own process, let alone can share with employers.
Find out more about BenefitView in the HR trade publication Employee Benefit News article “Retiree Medicare exchange previews improved transparency” and on the Extend Health blog “New BenefitView Dashboard Lets Employers Track Retirees’ Medicare Enrollment Progress.” See an online demo of BenefitView.