A.D.A.M. Unveils Health and Benefits Portal Aimed at America's Underserved Employer Market
Benergy 2G! to Empower Employees to Become Savvy Healthcare Consumers
ATLANTA - (BUSINESS WIRE) - A.D.A.M., Inc. (NasdaqCM: ADAM), a leading provider of health information and benefits management solutions, today introduced Benergy 2G!, a new online system that gives employees support tools to manage their health and benefits through a single employer-sponsored portal. Benergy 2G! represents a major milestone in A.D.A.M.'s goal to create the standard for employee portal systems targeting small to mid-sized employers, a largely untapped market sector.
Benergy 2G! fuses A.D.A.M.'s consumer-friendly health education tools with the employee benefits portal developed by its recently acquired OnlineBenefits unit. The product represents the second generation of the award-winning Benergy(TM) system, currently deployed by thousands of employers representing more than two million employees and dependents and distributed primarily through a network of the nation's top benefits advisory firms.
"Benergy 2G! is, in essence, a 'life management' tool for the modern consumer who demands quick and easy access to resources to take care of their health, finances and work/life balance," said Kevin Noland, Chief Executive Officer of A.D.A.M. "Using our customized, consumer-friendly web portal, any company can affordably support its employees with the information and tools needed to make informed choices, while simultaneously achieving its human capital management goals."
Benergy 2G! serves as a centralized resource center where employees can conveniently perform a variety of tasks, aided by personalized information delivered at the right time and in the right context.
Benergy's new Health & Wellness Center provides an extensive system of unbiased health information and tools that enable users to assess health risks, evaluate treatment options and learn how to live healthier. A.D.A.M. also announced the debut of its new Personal Health Record, a private and secure application that allows individuals to track their medical history online. The Personal Health Record is fully integrated into Benergy 2G! and will soon be available to other health care portals outside the Benergy system.
When it comes to benefits, Benergy 2G! allows employees to understand how their company's benefits programs work, see the value of these benefits and compare them to other benefit plans. Benergy 2G! also integrates A.D.A.M.'s proprietary online enrollment and flexible spending account administration services. The company intends to add health savings account administration in the future, rounding out Benergy as an end-to-end consumer-driven health platform.
Finally, an HR department can rely on the portal's Human Resources Center as its communications resource to share news, policies and documents throughout the organization.
Benergy 2G!'s integrated service tools enable employers to streamline functions online, reducing administrative costs by automating many time-consuming tasks, such as explaining company programs, furnishing documents and enrolling individuals in plans. The product will be especially advantageous for companies looking to curb healthcare costs by offering consumer-driven health plans. Its unique combination of plan and health education helps employees become more savvy consumers.
"Better use of time and resources translates into better ROI. We expect companies who embrace Benergy 2G! to see an improvement in employee productivity, retention and satisfaction," added Noland. "We believe Benergy 2G! will set a new benchmark for online employee portals, especially for smaller employers who have not previously had access to high-quality, comprehensive solutions like Benergy 2G!. A.D.A.M. has unique advantages in serving this small to mid-sized employer market because of our established distribution channel and Benergy's flexibility and scalability."
A.D.A.M. is currently training partners on the new system and employers using Benergy will begin upgrading to the new platform starting August 20. For more on Benergy 2G!, please visit www.benergy2g.com.
About A.D.A.M., Inc.
A.D.A.M. (NasdaqCM: ADAM) is a leading provider of high-quality health information and benefits management solutions to healthcare organizations, employers, consumers, brokers, and educational institutions. With an industry-leading employee and HR benefits management platform and one of the largest consumer health information libraries in the world, A.D.A.M. empowers consumers to get smart about their health and wellness, while reducing the costs of healthcare and benefits administration. For more information, visit www.adam.com or call 1-800-408-ADAM.
Forward-Looking Statements
This press release contains forward-looking statement within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements are based on A.D.A.M.'s current intent, belief, and expectations. 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.
Contact
A.D.A.M., Inc., Atlanta
Investor Relations Contact:
Victor Thompson, 770-541-5140
vthompson@adamcorp.com
or
Cohn, Overstreet & Parrish
Media Contact:
Marcy Blount, 404-961-2225
mblount@co-p.com
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