PHILADELPHIA, June 17, 2020 /PRNewswire/ -- Picwell, the next-generation decision support company, today announced a partnership with Bend Financial (Bend), the leader in health savings account and financial wellness technologies. Picwell's advanced technologies will help Bend customers plan HSA contributions for short and long-term health expenses.
"The Bend platform truly represents the next generation of HSAs and we're excited to be partnering with one of the industry's leading innovators," said Matthew Sydney, president and CEO of Picwell. "Bend's focus on leveraging technology to help individual consumers optimize not only their health savings but how they interact with the healthcare system made them an ideal partner."
Bend and Picwell are collaborating to provide an HSA contribution planner that helps accountholders understand their health saving needs based on their health conditions, retirement goals, and current HSA usage.
"At Bend, we are constantly looking for new ways technology can facilitate optimal health savings outcomes for our customers," said Tom Torre, CEO of Bend. "Today's collaboration with Picwell does just that – giving our customers access to technology that will help them better understand and manage future healthcare needs and potential costs."
According to the Employee Benefit Research Institute (EBRI), the average couple will need nearly $400,000 to cover 90% of their healthcare expenses in retirement. With healthcare expenses increasing exponentially, it's difficult to overstate the need for advanced benefit tools that assist individuals in planning for such staggering costs.
Picwell is a healthcare technology company providing enterprise solutions to enhance healthcare benefits and improve consumer experiences. Its flagship offering is a SaaS-based decision support product that uses artificial intelligence to match individuals to the right health benefits during enrollment by predicting future care considerations, estimating out-of-pocket expenses, and accounting for individual preferences. Other solutions support consumerism and high-deductible health plan adoption, consumer engagement, and risk management.
About Bend Financial
Bend Financial is a Boston-based technology and services company that provides health savings account and financial wellness solutions to individuals, employers and organizations in the group benefits distribution market. Its innovative approach and product offerings simplify the use of HSAs while making the product attractive to all types of healthcare consumers. Visit https://www.bendhsa.com/ to learn more.
SVP, Sales & Marketing
SOURCE Picwell, Inc.