Acquisition strengthens Alight’s benefits knowledge abilities to assist employees in making better-informed choices and empower employers to boost engagement, optimize usage, and manage the benefits environment’s performance. Alight, Incorporated. Alight, a prominent provider of health, wealth, and leave solutions, has announced its acquisition of Abett, a technology company that specializes in healthcare and benefits data for Fortune 500 employers and their benefits vendors.
Abett’s primary product, the Data Engine, consolidates data from various sources such as medical, pharmacy, partners, point solution vendors, and other data sources. This allows employers to better integrate, engage, and measure the effectiveness of their employee benefit programs.
According to Rohit Verma, Chief Executive Officer at Alight, “Employers invest significantly in benefits to support their people, but those investments only create value when employees can find and use the right resources at the right time.” “Our capability to transform data into direction, direction into action, and action into improved results for our clients and their individuals is further reinforced with the incorporation of Abett.” Abett will assist employers in enhancing their benefits network, facilitate a closed-loop guidance system, and enhance the data infrastructure for present Alight clients and others. “Abett is designed to assist organizations in utilizing benefits data effectively, securely linking information throughout the ecosystem, allowing them to identify areas of need, take action, and assess the impact,” said Mike Hanlon, Abett’s Founder and CEO. Alight offers an exceptionally strong feature to that model: repeated chances to engage with millions of individuals during their active decision-making process regarding benefits.
As a team, we can work towards enhancing employee experiences and results, simultaneously providing employers with more comprehensive understanding of their benefits programs’ effectiveness and worth.
