Jellyvision, a software company that develops employee benefits engagement technology, has acquired healthcare technology company Picwell.
Jellyvision’s mission is to improve lives by helping people choose and use their benefits.
It’s platform, ALEX, provides employees with 24/7 benefits resources and guidance at key moments when they’re already thinking about their health and well-being.
Through behavioural science, the company strives to engage employees in a benefits experience that leads to smarter decision-making, more money saved, and increased trust in employers.
Picwell is a healthcare technology company providing enterprise solutions to enhance health insurance and employee benefits and improve consumer experiences.
Its flagship offering, Picwell DX, is a SaaS-based decision support product that uses artificial intelligence to match individuals to the right health benefits during enrolment by predicting future care considerations, estimating out-of-pocket expenses, and accounting for individual preferences.
According to Jellyvision, the two SaaS companies will offer a first-of-its-kind benefits experience for employees, leveraging behavioural science and predictive analytics to deliver highly personalised benefits recommendations and ongoing engagement.
Amanda Lannert, CEO of Jellyvision, said, “There is no one-size-fits-all solution to meet employees’ unique health and wellness needs; each person has different wants, which are always changing based on time, circumstance, and even learning styles. But this doesn’t mean we throw in the towel.
“Now, our joint technology offering will make connections between increasingly complex wellness benefits and the people who need them. We’re striving to eliminate waste, complexity, and confusion so employees can finally understand, appreciate, and effectively use their benefits.”
Brian Morgan, president of Picwell, added, “Health insurance selections are more complex decisions than most people realize. We see that without proper education and guidance, people make costly mistakes, both when choosing health plans and using benefits throughout the year. This is why we’re thrilled to join forces with Jellyvision to continue working towards our shared vision to simplify the healthcare benefits experience, and empower everyone to make informed health benefits decisions.”
In November last year, Pasito, an employee benefits tech startup, raised $3.25m in seed funding to simplify health and wealth benefits.
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