Alegeus, the market leader in consumer-directed healthcare (CDH) solutions, today announced it has named Mark Waterstraat as head of its new Consumer Solutions unit. Waterstraat is a seasoned healthcare executive and a passionate advocate for making healthcare more accessible and affordable for consumers. He brings more than 20 years of experience driving disruptive technologies and services into the healthcare and financial services markets.
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Alegeus Adds Consumerism Executive Mark Waterstraat to Lead New Consumer Solutions Unit (Photo: Business Wire)
This new role was created to build on the tremendous success and market interest that surrounds the company’s next-generation Smart Account solution experience, which leverages artificial intelligence and predictive analytics to take the guesswork out of healthcare saving and spending decisions and to help consumers get the best value for their healthcare dollars. Waterstraat will be charged with building new, high-impact initiatives within Alegeus, and he will have executive ownership of future acquisitions that drive strategy and enhanced capabilities to unlock incremental savings and economic value for consumers.
“We’re thrilled to have Mark join our team and expand our bench of talented leaders as we continue the path of explosive growth, driven by market momentum around our next-generation Smart Account solution,” said Steve Auerbach, Alegeus CEO. “Mark’s background makes him perfectly suited to help Alegeus continue the charge, driving new strategies and products that build on our Smart Account capabilities and deliver more value for consumers and employers.”
“I have long admired Alegeus as an innovator and a trailblazer in the consumer-directed healthcare industry. I’m tremendously excited to be a part of the team that is going to disrupt consumer healthcare funding as we know it,” said Waterstraat. “Our next-generation Smart Account capabilities will change the game for Alegeus clients. I can’t wait to jump in and focus on new products and strategies that up the game even further, delivering more impact and value from the Smart Account solution for Alegeus clients, employers and consumers.”
Previously, Waterstraat served in executive leadership positions at prominent healthcare and fintech solution companies – responsible for corporate strategy, growth, product management and corporate development. He was a Co-Founder and Senior Leader of Benaissance, a leading SaaS-based platform for premium billing and COBRA administration. He also served as Senior Vice President of Strategy and Product at RevSpring and as an advisor and consultant to health and fintech private equity firms.
Alegeus is the market leader in consumer-directed healthcare (CDH) solutions, offering the industry’s most comprehensive platform for the administration of healthcare benefit accounts (including FSAs, HSAs, HRAs, wellness incentive, dependent care, and commuter accounts), the industry’s most widely-used benefit debit card, and powerful engagement solutions to help consumers maximize savings and optimize spending for their healthcare. Over 350 clients – including health insurance plans, third party administrators and financial institutions – leverage Alegeus’ deep expertise and proven technology to administer benefit accounts for more than 30 million members and process more than $9.1 billion in consumer healthcare payments annually. As the healthcare and benefit markets continue to evolve, Alegeus delivers solutions that enable clients to evolve their service offerings, operate their businesses more efficiently, and focus on their customers. The company is headquartered in Waltham, MA with operations in Orlando, FL and Milwaukee, WI.