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CapitalSource will now be offering Benergy's "Ready...Enroll Complete" capabilities to its employees for quick and easy online benefit selections and enrollment for 2009. Already using Benergy as its benefits and health communications resource, CapitalSource can now take advantage of the full capabilities of Benergy for all of its benefits administration functions.
"We have been using Benergy approximately four years through a relationship with our benefits broker," said Randi Killen, CEBS, benefits and HRIS manager for CapitalSource. "In working with A.D.A.M., we discovered that we could use Benergy to streamline the majority of our employee benefits administration. Moving our benefits management to Benergy was an easy decision once we realized how much value it will deliver to our employees and our business."
CapitalSource joins an impressive roster of mid-sized employers who are taking their benefits administration online with Benergy's comprehensive platform, combining employee communications, self-service benefits enrollment, and health and wellness education in one resource.
CapitalSource's employees, in over 20 offices now, have online access to personalized information to manage many aspects of their lives. With Ready...Enroll Complete, they can draw side-by-side comparisons of their benefit options and view details of each benefit to help them in making the right benefits choices. Then they can update personal and dependent data, select the benefits they want, and review a confirmation statement, all in one guided process. For CapitalSource's human resources team, Ready...Enroll Complete will reduce much of the time, expense, and errors associated with facilitating annual open enrollment and changes caused by qualifying life events.
"CapitalSource's expansion of its Benergy portal underscores the value the Benergy solution brings our employer clients for benefits management," said Kevin Noland, president and CEO of A.D.A.M., Inc. "As with CapitalSource, employers are looking for ways to improve their efficiency while bringing additional value to their employees in the form of enhanced benefits communication and decision support tools to help them in making good benefit choices."
About A.D.A.M., Inc.
A.D.A.M. (NASDAQ: ADAM | Quote | Chart | News | PowerRating) is a leading provider of health information and benefits technology solutions to healthcare organizations, employers, benefits brokers, consumers, and educational institutions. A.D.A.M.'s Benergy(TM), the leading benefits communication and healthcare decision support platform for small and mid-sized employers, is designed to equip employees to better understand their health, wellness and benefits, while helping employers reduce the costs of healthcare and benefits administration. For more information, visit www.adam.com or call 1-800-408-ADAM.
A.D.A.M. Forward-Looking Statements
Except for historical information, all of the statements, expectations and assumptions contained in this press release are forward-looking statements. These statements involve a number of risks and uncertainties that could cause actual results, performance or developments to differ materially. Factors that could affect the company's actual results, performance or developments include general economic conditions, development of the Internet as a source of health information, pricing actions taken by competitors, demand for the company's health information, the ability to realize the anticipated benefits of the acquisition, regulatory changes in laws and regulations that impact how the company conducts its business and the other factors described in A.D.A.M.'s filings with the SEC. A.D.A.M. disclaims any obligation or duty to update any of its forward-looking statements.
SOURCE: A.D.A.M., Inc.
Schwartz Public Relations Media Contact: Christian T. Potts or Zach Servideo, 781-684-0770 adam@schwartz-pr.com or A.D.A.M., Inc. Investor Contact: Victor Thompson, 404-604-2757 investorrelations@adamcorp.com
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