Traditional Benefit Offering, Private Exchange, or Hybrid Strategy: Which is Right for Your Workforce?

Traditional Benefit Offering, Private Exchange, or Hybrid Strategy: Which is Right for Your Workforce?

Today HR can utilize a traditional benefits administration offering, marketplace or private exchange, or – with the support of a modern technology platform – implement both simultaneously to execute a hybrid strategy. But each organization faces unique challenges, meaning no strategy is a one-size-fits-all. To determine the right fit, employers must carefully consider strategic and technological options alongside their current and future needs – and also determine their employees’ needs as benefit consumers.

Empyrean CEO Rich Wolfe Wins EBN’s Technology Innovator Award

Empyrean CEO Rich Wolfe Wins EBN’s Technology Innovator Award

Employee Benefit News has named Empyrean CEO and Co-Founder Rich Wolfe one of the top 21 innovators shaping the benefits technology landscape today.

Service Philosophy: Five Things to Consider for Benefits Administration Success

Service Philosophy: Five Things to Consider for Benefits Administration Success

There are many factors to consider when evaluating a prospective benefits administration platform. While the technology powering your solution is a critical component, it is not the sole indicator of future success. Given the complex and ever-evolving nature of employee benefits, even the most robust tools require knowledgeable service and support to realize optimal efficiency.

Five Important Factors to Evaluate During a Benefits Administration Technology Demo

Five Important Factors to Evaluate During a Benefits Administration Technology Demo

Seeing a potential platform in action is an important part of any technology decision. However, there are several elements that are difficult to judge during a demo – but can end up having the biggest impact on your solution’s overall success.

Empyrean Receives Owler’s Hot in Houston 2016 Award

Empyrean Receives Owler’s Hot in Houston 2016 Award

Owler.com has named Empyrean one of Houston’s hottest companies, based on the service’s 2016 data.

Empyrean Recognized as One of the Fastest Growing Technology Companies and the 4th Largest Software Developer in the Houston Area

Empyrean Recognized as One of the Fastest Growing Technology Companies and the 4th Largest Software Developer in the Houston Area

Our consistent and rapid growth has again been recognized by the Houston Business Journal. Empyrean has earned a place on the publication’s recent Fast Tech 25 list, and ranked 4th on its list of Largest B2B Software & App Developers.

Empyrean Recognized for Strong Year-Over-Year Company Growth by HBJ’s Fast 100 List

Empyrean Recognized for Strong Year-Over-Year Company Growth by HBJ’s Fast 100 List

Empyrean has been named as the one of the fastest-growing private companies in the greater Houston metropolitan area by the Houston Business Journal!

Empyrean Founders Named in EBA’s List of “10 Benefit IT Power Players”

Empyrean Founders Named in EBA’s List of “10 Benefit IT Power Players”

Congratulations to Empyrean Co-founder and CEO Rich Wolfe, and Co-founder and Chairman Dave Carlson – both named in Employee Benefit Adviser’s latest list of the top technology executives to watch!

ACA Compliance: Key Takeaways from the 2015 Tax Year Experience to Prep You for 2016

ACA Compliance: Key Takeaways from the 2015 Tax Year Experience to Prep You for 2016

While the first Affordable Care Act (ACA) reporting year is behind us, compliance challenges continue. Now employers face massive potential penalties with less margin for error, and still must wait for IRS final guidance and instructions for the second year of reporting. Stay proactive and prepped with these takeaways from the 2015 ACA experience.

Empyrean and Bloom Health: Leading the Evolution of Benefits Technology

Empyrean and Bloom Health: Leading the Evolution of Benefits Technology

Rich Wolfe, CEO Empyrean Benefit Solutions

Today we’re announcing big news: Bloom Health has officially joined the Empyrean family. Together, we’re moving towards a unified one-platform approach to bring the best benefits technology and services to employers and their employees.

Scaling Up in Tennessee

Scaling Up in Tennessee

We believe great technology should be scalable. It should just work, regardless of your company’s size or plan complexity. Great technology also needs great people supporting it. So as our client base grows, we will continue to scale up with equally strong customer support.

Optimal Gear Alignment for Benefits Administration: Critical Path for Operational, Technological, and Cultural Success

Optimal Gear Alignment for Benefits Administration: Critical Path for Operational, Technological, and Cultural Success

Introduction

As an HR leader, you are constantly challenged to do more with less – and tasked with providing high-quality benefits and programs despite constant increases in costs.

Data Integrity & Accuracy: Does Your Benefits Administration Data Help or Hurt the Realization of Your Strategy?

Data Integrity & Accuracy: Does Your Benefits Administration Data Help or Hurt the Realization of Your Strategy?


Introduction

One of the most challenging aspects of benefits administration today stems from managing the many complexities of employee information from the perspective of preserving data integrity. When choosing an outsourced benefits administration provider – or auditing your current provider – it is important to assess that their underlying technology capabilities and infrastructure are capable of assuring data integrity and accuracy.

The only thing guaranteed for 2016 reporting is – Change!

The only thing guaranteed for 2016 reporting is – Change!

By Karen Bailey, Compliance Officer Empyrean Benefit Solutions

As we look to the year ahead in meeting ACA compliance with Pay or Play and the reporting requirements that support it, we fully anticipate changes on the horizon. Prior guidance reflects that some transition relief will be sunsetted. The IRS, per its usual course of business, is expected to issue clarification and perhaps even introduce new items related to the reporting.

Key issues when considering a private exchange strategy

Key issues when considering a private exchange strategy

By Rich Wolfe, CEO Empyrean Benefit Solutions

As the market for private exchanges in delivering health and welfare benefits has grown over the past few years, more employers than ever are considering if they should implement their own private exchange. If you’re one of those employers, I want to share some thoughts that hopefully will help you in your evaluation.

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