Asure to Offer Clients Proactive Health Management Plan (PHMP) Access in Coordination with Key Benefit Administrators
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The announcement by Asure Software, Inc. about its partnership with Key Benefit Administrators (KBA) to offer Proactive Health Management Plan (PHMP) solutions represents a strategic move in the Human Capital Management (HCM) industry. The integration of PHMP into Asure's service offerings could potentially enhance the company's value proposition by addressing the growing demand for comprehensive health and wellness programs in the workplace.
The market for corporate wellness services is expanding as businesses increasingly recognize the correlation between employee health and productivity. By leveraging KBA's expertise in population health programs, Asure may strengthen its competitive position in the HCM market. This partnership could lead to increased client retention and attract new customers seeking holistic HCM solutions that include health management.
However, the success of this initiative will largely depend on the actual cost savings and health benefits realized by Asure's clients. It's also essential to monitor how this service integration aligns with Asure's core business and whether it can be scaled effectively without diluting the company's focus on its primary HCM software solutions.
From a healthcare policy perspective, the collaboration between Asure and KBA to offer PHMP solutions is indicative of a broader trend in employer-sponsored health programs. Employers are increasingly adopting proactive health management strategies to mitigate the rising costs of healthcare and to improve employee well-being.
The PHMP's emphasis on preventive care services, such as telehealth, biometric and DNA screenings and personalized access to healthcare professionals, aligns with current policy initiatives aimed at reducing long-term healthcare expenditures. By promoting early detection and intervention, these programs can lead to a healthier workforce and potentially lower insurance premiums for employers.
It will be important to evaluate the impact of the PHMP on healthcare utilization and costs over time. If successful, the program could serve as a model for other companies in the HCM sector and influence healthcare policy by demonstrating the benefits of preventive health measures in a corporate setting.
The strategic partnership between Asure Software and Key Benefit Administrators could have financial implications for Asure's performance in the stock market. If the PHMP solutions resonate with the company's client base and lead to cost savings, we could expect an improvement in customer loyalty and an expansion of Asure's market share in the HCM sector.
Investors should monitor the adoption rate of the PHMP solutions and the subsequent financial performance of Asure. The company's ability to deliver on its promise of no net cost to the business while improving employee health will be critical. Success in this endeavor could result in a positive impact on Asure's revenue growth and profit margins.
Conversely, there are risks associated with the implementation of new health programs, such as potential integration challenges and unanticipated costs. Investors should weigh these risks against the potential benefits when evaluating Asure's stock as part of their investment portfolio.
AUSTIN, TX / ACCESSWIRE / April 4, 2024 / Asure Software, Inc. (NASDAQ:ASUR) ("Asure" or "the Company"), a provider of cloud-based Human Capital Management (HCM) software solutions and services, has announced a partnership with Key Benefit Administrators (KBA), among the largest third-party administrators in the country. The partnership plans to offer innovative Proactive Health Management Plan (PHMP) solutions to Asure's vast client base, which will provide improved access to proven, patented, and comprehensive population health programs and services.
Pat Goepel, CEO of Asure Software: "At Asure, we are constantly seeking ways to provide our clients with solutions that add value to their businesses and enhance the well-being of their employees. Partnering with Key Benefit Administrators to offer PHMP is a testament to our commitment to innovation and excellence in the HCM space. We believe this partnership will empower businesses to invest in their most valuable asset - their people."
Asure's partnership with KBA on PHMP allows its enterprise client base to transform employee health while reducing costs for both the employer and employee. Through the integration of PHMP into its suite of services, Asure's clients will now be able to offer their employees a wealth of health management tools and services at no net cost to the business.
The PHMP offers a wide range of health services, such as telehealth services, biometric & DNA screenings, health risk assessments, concierge access to nurses, nutritionists, wellness coaches, and more.
For more information about the partnership and how to take advantage of PHMP through Asure, please visit https://offers.asuresoftware.com/phmp.
For more information about the company's services, latest news, and ongoing initiatives, visit https://www.asuresoftware.com and https://spotlightgrowth.com/asures-nasdaq-asur-payroll-tax-engine-receives-boost-from-workday-and-sap-integrations-opening-up-new-avenues-to-capitalize-on-the-underserved-enterprise-market/
About Asure Software
Asure Software (NASDAQ:ASUR) provides cloud-based Human Capital Management (HCM) software solutions that assist organizations of all sizes in streamlining their HCM processes. Asure's suite of HCM solutions includes HR, payroll, time and attendance, benefits administration, and talent management. The company's approach to HR compliance services incorporates AI technology to enhance scalability and efficiency while prioritizing client interactions. For more information, please visit www.asuresoftware.com.
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Contact:
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SOURCE: Asure Software
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FAQ
What is the partnership between Asure Software, Inc. and Key Benefit Administrators about?
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