Allied Benefit Systems, LLC (“Allied”), one of the nation’s largest healthcare administrators for employee benefit plans, and its majority equityholder, funds managed by Stone Point Capital LLC, announced the acquisition of Medxoom, Inc. (“Medxoom”), an industry leading digital benefits platform. Medxoom’s state-of-the-art technology is utilized by health plans, benefits consultants, employer groups, and third-party administrators throughout the country to optimize their member’s experience and manage their healthcare benefits.
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This acquisition and integration of Medxoom’s technology into Allied’s member experience will transform the way Allied provides service, care, and support to its members, while at the same time reducing employer risk by delivering a fully-compliant and cost-effective solution to its clients. Allied is committed to supporting Medxoom’s current clients and future growth, and further the development of innovative member-centric products and services that will challenge the industry standard.
Rob Valerious, Allied’s Chief Strategy Officer, explained, “The Medxoom technology will power a highly personalized and intuitive member experience through the ‘My Allied Portal’ app. Our vision integrates Allied’s medical and enhanced case management services with digital tools that will enable our members to make informed healthcare choices for themselves and their families.”
“This investment reflects Allied’s commitment as an industry leader to enhance our technical capabilities for the benefit of our clients and their members,” said Drew Rozmiarek, Allied’s Chief Revenue Officer. “We are relentlessly focused on improving our members’ user experience while reducing employers’ healthcare costs.”
Jeff Toewe, Medxoom’s Chief Executive Officer, shared, “The investment in capital, resources, and talent by Allied will support our mission to optimize the health benefits experience for our clients and their members. We are thrilled to be part of the Allied family.”
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“Our focus is to provide clients with the most advanced technology platform in the industry,” said Michael Sternklar, Allied’s Chief Executive Officer. “The recent Transparency in Coverage regulations marks the beginning of sweeping changes in how members both access and consume healthcare. The acquisition of Medxoom puts Allied at the forefront of creating the next-generation user experience. We welcome Jeff, who will continue to serve as President of Medxoom, and his team into the Allied family.”
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