April 23, 2014 1:53 PM ET

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Company Overview of Empyrean Benefit Solutions, Inc.

Company Overview

Empyrean Benefit Solutions, Inc., a human resources services company, provides employee benefits administration services for large and small corporations. Its benefit administration services include eligibility and vendor management; customer; COBRA/HIPPA; FSA, HSA, and HRA administration; direct billing; reporting; and communications. The company also provides various services for employers, such as participant services; and services to support enrollment, life events, spending accounts, COBRA/HIPAA, billing, communications, and reporting. In addition, it offers various services for service providers, which include broker, health plan, private exchange, consulting and BPO, and service provi...

2401 Fountain View Drive

10th Floor

Houston, TX 77057

United States

Founded in 2005

Phone:

281-768-2900

Fax:

281-768-2991

Key Executives for Empyrean Benefit Solutions, Inc.

Chief Executive Officer and Director
President and Member of The Board of Directors
Chief Financial Officer
Chief Operating Officer
President of Empyrean Insurance Services
Compensation as of Fiscal Year 2013.

Empyrean Benefit Solutions, Inc. Key Developments

Bloom Health Announces Partnership with Empyrean Benefit Solutions to Enhance the Bloom Private Exchange Platform(R) Solution

Bloom Health announced their partnership with Empyrean Benefit Solutions to enhance the Bloom Private Exchange Platform(R) solution. The Private Exchange Platform gives employees industry-leading decision support to make informed benefit decisions, while providing employers with cost predictability and administrative relief for human resource staff. Bloom Health sells its platform with insurance company sales representatives, through agents and brokers, and direct to employers. Empyrean Benefit Solutions brings highly sophisticated and scalable technology and administrative capabilities that will benefit all customers of Bloom Health. The combined capabilities include: expansion of Bloom Health's leading education, decision support, product recommendations, and online or phone enrollment via licensed Advisors; additional products offered including medical, health savings account/flexible spending account (HSA/FSA), dental, vision, life, disability, and supplemental coverage; enhancements for employers to create ultimate flexibility -- self-insured or fully insured, defined contribution or defined benefit; complex eligibility determination and ongoing enrollment source of truth for all products; increased year-round employee self-service support for life event status changes; improved employer, agent, and health plan management tools and reports; and; more integration options with human resources management and payroll systems.

Discovery Communications Selects Empyrean Benefit Solutions, Inc. as New Partner for Health and Welfare Benefits Administration Services

Empyrean Benefit Solutions, Inc. has been selected by Discovery Communications as the company's new external provider for health and welfare benefits services. After an extensive review Discovery selected Empyrean for its innovative technology platform, which gives employers far more flexibility in their benefits administration, saving significant time and money. With approximately 3,100 benefit eligible employees in the U.S., Discovery decided to partner with a specialized benefits administration firm to derive greater efficiency, capability and participant service. Discovery elected to use Empyrean's full suite of services, including core health and welfare benefits administration (data file transfers, management of reimbursement programs, premium billing assistance, reporting, and communications), Call Center, FSA, COBRA/HIPAA and Direct Billing.

Tesoro Corporation Selects Empyrean Benefit Solutions, Inc.'s Solutions to Provide Outsourced Health & Welfare Benefits Administration

Empyrean Benefit Solutions, Inc. has been selected by Tesoro Companies, Inc. as the $30 billion company's first outsourced health and welfare benefits partner. Tesoro's selection of Empyrean came after a review of the major benefits administration firms, and was based on Tesoro's desire to leverage technology and innovative approaches to deliver the flexibility and efficiency in managing the company's benefits. Tesoro had been administering its benefits internally. However, like a growing number of large and mid-size businesses, Tesoro decided the timing was right to move its benefits administration to a specialized firm due to the increasing complexity of health benefits and the efficiencies associated with someone like Empyrean. Tesoro is leveraging Empyrean's entire suite of services, including core health and welfare benefits administration (eligibility management, enrollment, reporting, and communications), call center, FSA, COBRA/HIPAA and direct billing.

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