Empyrean Benefit Solutions Acquires Bloom Health.
  • Bloom Health Announces New Private Exchange Platform® Solution Offering Two Top Minnesota Health Plans

    September 30th, 2014

    MINNEAPOLIS — September 30, 2014 — In a first-of-its-kind arrangement, agents and brokers throughout Minnesota now have access to the state’s two top health plans on Bloom Health’s Private Exchange Platform® solution. Agents and brokers now can offer employers with more than 50 employees benefits that fit an employee’s personal and family needs in an online or licensed telephonic, jargon-free environment. Medica’s My Plan by Medica and Blue Cross and Blue Shield of Minnesota’s (Blue Cross) Benefits Hub private insurance exchanges are each built on Bloom’s proven, secure and cloud-based platform. “Blue Cross and Medica are market leaders and are widely recognized for the strength of their brands, reputations and consumer relationships,” Bloom Health’s chairman and chief executive officer Simeon Schindelman said. “The value the Bloom Private Exchange Platform® solution brings to agents and brokers directly aligns with the landscape of what their employer...

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  • Blue Cross and Blue Shield of Minnesota To Offer Employers New Private Exchange Option Powered by Bloom Health

    September 30th, 2014

    MINNEAPOLIS — September 30, 2014 — Today, Blue Cross and Blue Shield of Minnesota (Blue Cross) and Bloom Health announce a new private exchange, Benefits Hub, available to Minnesota-based employers with more than 50 benefits eligible employees. Benefits Hub offers medical, dental, vision, life, long-term disability, short-term disability, critical illness, accident and hospital indemnity products. “Blue Cross is pleased to meet a growing demand for an online marketplace where consumers have the flexibility to select plans most suitable for them,” said Dave Corkum, senior vice president of commercial markets. “We are thrilled to partner with Bloom Health and offer the most comprehensive private exchange solution in the nation.” Benefits Hub, powered by Bloom Health’s Private Exchange Platform® solution, offers Blue Cross’ current and prospective employers cost predictability and process simplification through an exchange platform that incorporates full benefits...

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  • Medica Health Plans and Bloom Health Extend Private Exchange Partnership

    September 30th, 2014

    MINNEAPOLIS — September 30, 2014 — After exceptional success in the first four years of their partnership, Medica Health Plans and Bloom Health today announce a multi-year extension for Medica’s private exchange, My Plan by Medica, powered by Bloom Health. “Medica has been an outstanding partner, achieving unmatched market interest, employer adoption and consumer satisfaction – and meeting the employer and employee demands for new ways to approach employee benefits,” said Bloom Health chairman and chief executive officer Simeon Schindelman. “This re-commitment from both organizations will fuel further growth by placing an even stronger focus on bringing innovative and comprehensive solutions to the market.” With a bold launch in July 2011, Medica established its leadership position by offering the first private exchange in its service area. Since then, Medica has seen significant membership growth with more than 30,000 members enrolled. The unique employer and...

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  • ACOs: 3 advantages, 1 risk

    September 23rd, 2014

    Simeon Schindelman, CEO and chairman of private exchange provider Bloom Health, outlines why accountable care organizations are appealing and cautions employers to be very clear with employees about the...

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  • My Plan by Medica Meets Changing Needs and Expectations of Consumers

    August 27th, 2014

    Data released today from Medica about its market-leading private health exchange, My Plan by MedicaSM, demonstrates that the exchange approach to offering health coverage can change consumer behavior. My Plan by Medica is helping more than 120 employers meet the changing expectations that employees have around their healthcare...

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  • Healthcare Cost Cutting Initiatives on the Rise in 2015

    August 21st, 2014

    The National Business Group on Health recently surveyed employers representing 7.5 million workers and the findings are in: higher deductibles and wellness programs are heavily on the rise. As you examine your company’s budget for healthcare expenditures going into 2015, consider the...

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  • Bloom Health Greatly Expands Specialty Offerings on its Private Exchange Platform® Solution

    June 10th, 2014

    MINNEAPOLIS — June 10, 2014 — Bloom Health announces today the expansion of specialty products and carrier options for their Private Exchange Platform® solution. These additional options, paired with Bloom’s existing industry-leading private exchange technology and consumer experience, further strengthen the platform’s value to brokers, employers and consumers. “Bloom prides itself on bringing brokers, employers and consumers choices from a wide array of carefully curated products and carriers,” Simeon Schindelman, Chairman and Chief Executive Officer of Bloom Health said. “With the addition of life, disability, and supplemental products and new specialty carriers to the existing medical, dental and vision benefits we already offer, we are giving employers even more flexibility with the coverage options they provide while providing their employees straightforward support and expert recommendations.” The broad choice enjoyed by employees on Bloom’s platform...

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  • Bloom Health Names Anudeep Parhar as Chief Technology Officer

    May 1st, 2014

    MINNEAPOLIS — May 1, 2014 — Bloom Health announces today the hiring of Anudeep Parhar as its Chief Technology Officer. Parhar will lead Bloom Health’s technology strategy including deployment and management of current technologies, and evaluation, optimization and deployment of future platform tools. He will also oversee project definition, engineering and platform development on Bloom’s technology stack. As a member of the executive leadership team, Parhar will help drive overall company strategy and future direction. “Anudeep has outstanding and wide-ranging experience,” said Simeon Schindelman, Bloom Health’s Chairman and Chief Executive Officer. “His experience with the use of leading-edge tools, training, and technology innovation will help drive Bloom’s continued success in the private exchange marketplace and enhance our demonstrated ability to attract and retain the most highly talented and creative technology team.” Parhar has held leadership...

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  • Bloom Health Selected to Power Regions Insurance Private Exchange

    March 27th, 2014

    MINNEAPOLIS — March 27, 2014 — Bloom Health announces today their relationship with Regions Insurance, who will use Bloom’s Private Exchange Platform® solution to offer a Regions-branded private insurance exchange to mid and large size employers in four states. “Private Exchanges play an important role in the changing benefits landscape, and Bloom is paving the way with our industry-leading decision support and consumer focus,” Bloom’s Chairman and Chief Executive Officer Simeon Schindelman said. “By working with Regions, we are able to bring additional employers the opportunity to provide more personalized benefits choices to their employees while helping to maintain cost predictability for the employer.” As an addition to their current full range of insurance brokerage services, Regions Insurance will now offer the Regions TruSelect Private Exchange powered by Bloom Health to companies that are headquartered in Georgia, Indiana, Tennessee or Texas and have 50...

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  • Bloom Health Advances its Private Exchange Platform® Solution with Additional Capabilities

    March 25th, 2014

    MINNEAPOLIS — March 25, 2014 — Bloom Health, a leader in the private exchange industry, today announces their partnership with Empyrean Benefit Solutions, one of the fastest-growing, most advanced benefits technology and service firms in the United States, to enhance the Bloom Private Exchange Platform® solution. Bloom Health has been operating private exchanges for health plans, employers and insurance agencies since 2009. The Private Exchange Platform® solution gives employees industry-leading decision support to make informed benefit decisions, while providing employers with cost predictability and administrative relief for human resource staff. Bloom Health sells its platform with insurance company sales representatives, through agents and brokers, and direct to employers. Empyrean Benefit Solutions brings highly sophisticated and scalable technology and administrative capabilities that will benefit all customers of Bloom Health. The combined capabilities...

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