– USA, MA – Alegeus Technologies, the market leader in healthcare and benefit payments, today announced that it has named Kenneth J. Fasola to its Board of Directors, effective immediately. Mr. Fasola is one of the healthcare industry’s most prominent leaders, with more than 30 years of experience in executive leadership positions at several of the industry’s leading organizations – including UnitedHealth Group and Humana.
Mr. Fasola brings tremendous senior leadership experience and proven expertise in sales, marketing and business development – with an impeccable track record of driving profitable business growth across multiple organizations, market segments, and lines of business. Throughout his career, Mr. Fasola has worked closely with companies that are delivering innovative technology and services to the healthcare industry. His depth of knowledge and expertise will be indispensable in helping Alegeus to continue its rapid growth trajectory as the market leader in consumer healthcare funding solutions.
“We are deeply honored to have an executive of Ken’s caliber to join our board, and we look forward to the valuable insights he will bring to the position,” said Bob Natt, Alegeus Executive Chairman. “As Alegeus continues to build upon our market leadership position and expand our differentiation in the marketplace, Ken will be instrumental in providing the unique perspective of an industry expert to help guide our strategic planning and direction.”
Mr. Fasola currently serves as the President and Chief Executive Officer of HealthMarkets, Inc. Prior to joining HealthMarkets, he spent seven years with UnitedHealth Group and 13 years at Humana. While at UnitedHealth Group Mr. Fasola served as Chief Executive Officer of Secure Horizons, the nation’s largest Medicare Advantage insurer, CEO of UHC’s Central Region, and president of UHC’s Lines of Business. Throughout his career at Mr. Fasola held several executive and senior management roles including chief operating officer of market operations and senior vice president sales, marketing and business development.
“With an industry-leading platform to help consumers manage their ever-growing responsibility for healthcare costs, Alegeus is well positioned for significant growth,” said Mr. Fasola. “I have long been impressed with their comprehensive technology and heritage of innovation. My appointment to the board is an exciting opportunity to help Alegeus expand on its tremendous success and navigate through its next phase of growth.”
About Alegeus Technologies
Alegeus Technologies is the market leader in healthcare and benefit payments – offering the industry’s most comprehensive platform for the administration of tax-advantaged benefit accounts (FSAs, HSAs, HRAs, MERPs, VEBAs, DCAPs and transit accounts), the industry’s most widely-used benefit debit card, and leading services for the outsourced management of claim payments and associated data exchange. Over 500 clients – including health insurance plans, third party administrators and financial institutions – leverage Alegeus’ deep expertise and proven technology to administer benefit accounts for more than 17.5 million members and process more than $18 billion in healthcare payments annually. As the healthcare and benefit markets continue to evolve, Alegeus delivers solutions that enable clients to evolve their service offerings, operate their businesses more efficiently, and focus on their customers. The company is headquartered in Waltham, MA with operations in Carrollton, TX, Orlando, FL and Milwaukee, WI.
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