Via News Release
Empyrean Benefit Solutions, Inc., the Hi-Touch Benefits Administration company, announced today that it has acquired its strategic partner, Bloom Health Corp., a leading provider of digital benefit delivery solutions based in Minneapolis, Minnesota.
“Bloom has been a great innovation partner for us,” said Richard Wolfe, Empyrean’s co-founder and CEO. “We saw an opportunity to build on and accelerate our mutual success by combining forces, and we are excited to welcome Bloom’s employees, customers, and partners to the Empyrean family.”
Empyrean’s purpose-built benefits administration technology platform is already fully-incorporated into Bloom’s employee benefit delivery solutions. Together, the companies are currently serving hundreds of employers, and in the process have demonstrated the ability to deliver benefit solutions to companies ranging from 50 to tens of thousands of lives.
“Joining forces is another logical step towards eliminating the typical compromises the market has had to consistently contend with,” Wolfe continued. “Together, our goal is to provide the best health and welfare benefits engagement experience possible for our clients, and their employees and consumers, that is without compromise.”
Empyrean and Bloom already have integrated operations, and both are committed to providing a smooth services and support transition for customers and partners.
“This is the culmination of a seven-year journey that the Bloom team undertook in pursuit of transforming the health care benefits marketplace,” said Jim Priebe, CEO of Bloom Health. “As a part of Empyrean, and together with our plan providers, we now have all the pieces in place to deliver a comprehensive benefits engagement and administration solution to employers who want to provide their people with great choices and great service.”
Prior to this transaction, Bloom’s majority owners were Anthem, Inc., Blue Cross and Blue Shield of Michigan and Health Care Service Corporation. All three insurers will continue to provide plans through the combined company.
Empyrean Benefit Solutions is one of the fastest-growing providers of technology and services for managing employee health benefits programs. Empyrean provides enrollment, eligibility management, ACA reporting, and other plan administration services to employers, insurance brokers, and healthcare exchanges. Unlike other providers, Empyrean combines the industry’s most client-adaptive and configurable benefits technology platform with expert, responsive service to deliver Hi-Touch Benefits Administration. Visit http://www.GoEmpyrean.com for more information.
About Bloom Health
Bloom Health is transforming the way employers use their range of workplace benefits to help attract, retain and motivate talent. Founded in 2009, Bloom’s solutions bring cost predictability to employers while providing consumers with expert guidance to find the benefits options that best meet their unique personal and family needs. Bloom delivers its secure cloud-based solution and personalized support through health plan, employer, and agency partners across the United States.