SALT LAKE CITY–(BUSINESS WIRE)–Managed Health and PayChex, Inc. (NASDAQ: PAYX), a leading provider of integrated human capital management solutions for payroll, benefits, human resources and insurance, announced a partnership aiming to offer businesses a new, unique and innovative healthcare solution.
Managed Health offers independent benefit programs designed to provide employees with additional access to physicians, emergency care, prescriptions, and more, at zero net cost. In addition to improving employee health, productivity, and retention, managed health programs also offer significant cost savings to participating companies through a properly structured cafeteria plan under Section 125.
Announcing this new partnership, Managed Health CEO Mouhamet Seye said, “We look forward to partnering with PayChex to provide businesses with another tool that will help attract and retain quality candidates and employees. Nearly 80% of executives cite employee retention as a business challenge. We respond effectively with our unique and innovative solution to complement any corporate health insurance plan, while providing employees with additional benefits at zero net cost.
“Partnering with Managed Health gives PayChex an added advantage to offer our customers. As a leading HR provider, we see the need for a tool that enables employees to proactively manage their health. Managed Health offers employees an innovative and interactive wellness management program”, which will improve health and reduce health care premiums.
This scalable solution will benefit every employer, whether it is a startup or a large enterprise and enrolled employees. This, coupled with the first-class service provided by PayChex and Managed Health, makes it the ultimate benefit solution that every business needs right now.
About Managed Health: Managed Health focuses on a revolutionary new approach to healthcare designed to complement any health insurance plan and is proactively focused on improving the physical and financial well-being of employees. For more information on our plans, visit ManagedHealth.com.
About PayChex: PayChex, Inc. (Nasdaq: PAYX) is a leading provider of integrated human capital management solutions for human resources, payroll, benefits and insurance services. By combining innovative software-as-a-service technology and a mobility platform with personalized, dedicated service, PayChex allows business owners to focus on growing and running their business. PayChex serves more than 730,000 payroll customers as of May 31, 2022 in the United States and Europe and pays one in every 12 U.S. private sector employees. Learn more about PayChex by visiting paychex.com and stay connected on Twitter and LinkedIn.