SelectAccount, a leading provider of medical savings accounts, was recognized as one of two 2014 Growth Champions by Alegeus Technologies, a leader in healthcare and benefit payments, at their annual client conference held in New Orleans, LA. As an APEX award recipient, SelectAccount was acknowledged for out-pacing the competition, realizing significant business growth through new customer acquisition, organic growth and innovative corporate development strategies.
According to Nicole Stretar, Vice President of Product Development and Information Technology, “SelectAccount has been a long-time partner with Alegeus and honored they chose to recognize our success leveraging their benefit card processing platform. Back in 2012, we partnered to provide our medical savings account holders an expanded debit card program. The new program made the debit card solution a part of our base product offering delivering the convenience, timeliness and security our customers want and expect. As a result, usage has far exceeded our expectations and further enhanced our high level of customer satisfaction.”
Debit card usage continues to grow as our customers realize the fast and easy access it provides to their medical savings accounts. We saw a 69% increase in the number of debit card transactions in 2013 processing over $150 million in debit card claims. Early results in 2014 show continued growth as account holders enjoy the benefit of increased efficiency and paperless transactions when they carry a SelectAccount debit card in their wallet.