Alight acquired Abett, a healthcare and benefits data technology company, to expand its benefits intelligence capabilities. Abett provides data infrastructure used by Fortune 500 employers and their benefits vendors.
The company’s core product, the Data Engine, unifies information across medical, pharmacy, benefits partners, point-solution vendors, and other data sources.
The platform is designed to help employers integrate benefits data, identify opportunities to improve employee engagement, and measure the performance of their benefits programs.
Alight plans to combine Abett’s data capabilities with its Alight Worklife platform.
The integration is intended to provide employers with a more comprehensive view of how employees interact with health, wealth, retirement, and other benefits.
Alight has recurring interactions with employees through enrollment, benefits administration, customer care, navigation, and other service events.
By combining those interactions with Abett’s data infrastructure, Alight aims to deliver more targeted guidance when employees make benefits-related decisions.
The company also expects the acquisition to help employers better understand utilization patterns and evaluate the performance of different benefits programs and vendors.
Abett’s technology is designed to securely connect information from across the benefits ecosystem and make that data more actionable.
KEY QUOTES:
“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.”
“Abett was built to help organizations put benefits data to work, securely connecting information across the ecosystem so they can understand where there is a need, take action and measure what changed.”
Abett Leadership
