Science & Technology
Science and Technology
Science and Technology
Wed, January 28, 2009 Allied Electronics Selects A.D.A.M.?s Online Enrollment Solution
ATLANTA--([ BUSINESS WIRE ])--A.D.A.M., Inc. (NASDAQ: ADAM), a leading provider of health information and benefits technology solutions, today announced that Allied Electronics, a Texas-based distributor of electronic components and electromechanical products, has expanded its use of Benergy™, A.D.A.M.'s award-winning employee benefits and health management platform. Allied Electronics is now providing its benefits-eligible employees access to A.D.A.M.'s Enrollment Services product for online benefits selections.
For the past two years, Allied Electronics has used the Benergy platform for benefits, health and wellness, and HR communications. Adding Enrollment Services now enables the company to collect benefits election data electronically — instead of by paper forms — and more easily report and share such data with insurance carriers and its payroll system.
"We have a diversified employee population in terms of geography and their roles within the company," said Susan Overcash, director of human resources at Allied Electronics. "This places a lot of pressure and responsibility on our human resources team to manage the benefits needs of our employees. Online enrollment allows our employees to enjoy the flexibility of managing their benefits at their convenience, while also reducing the number of employee inquiries and requests for help during the enrollment period; we used it during our recent open enrollment period and saw 99 percent utilization amongst our employees. It added immediate value to our company while alleviating the pressure on our HR team."
Enrollment Services offers Allied Electronics' employees 24-7 online access to personalized information to self-manage many aspects of their lives, including benefits enrollment events. Through this solution, employees can draw side-by-side comparisons of their benefit options and view details of each benefit to help them in making knowledgeable benefits selections. Employees update personal and dependant data, select their benefits and review a confirmation statement, all in one guided process. For the HR department, online enrollment reduces much of the time, expense and errors associated with facilitating annual open enrollment and benefits changes caused by life events.
"Allied Electronics' adoption of Benergy's Enrollment Services product underscores A.D.A.M.'s core strategy to provide a strong return on investment to our clients through effective benefits solutions that ultimately increase employer productivity and reduce administrative costs. Benergy not only provides the framework to automate the task of enrollment, but provides the employee the information and decision support tools they need to make the right benefit decisions for them and their families," said Kevin Noland, president and chief executive officer of A.D.A.M., Inc.
About A.D.A.M., Inc.
A.D.A.M. (NASDAQ: ADAM) is a leading provider of health information and benefits technology solutions to healthcare organizations, employers, consumers, and educational institutions. A.D.A.M.'s portfolio of products includes its award-winning Health Illustrated Encyclopedia and Benergy™, the leading benefits communication and healthcare decision support platform for small and mid-sized employers. A.D.A.M. content and technology solutions help consumers better understand their health, wellness and benefits, while helping healthcare organizations and 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 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.
