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Billions of Dollars at Stake: Health Savings Accounts Provide Huge Opportunity for Financial Institutions to Grow Profits.
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PR Newswire
- Article date:
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August 23, 2005
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Financial Institutions Must Act Now to Capitalize on the Opportunity in a Time of Transition
CHICAGO, Aug. 23 /PRNewswire/ -- Over the next five years, financial services and healthcare companies will compete for billions of dollars in revenue from consumer-directed health plans (CDHPs) -- principally driven by Health Savings Accounts (HSAs), according to a DiamondCluster International report released today.
But financial and healthcare institutions that pursue this market independently will lose out to others that work together to sign up customers, provide service, manage investments, handle and pay claims, and perform other activities in the HSA "value chain" -- a ...