Brian Strom of Elevate Honored for Technical Excellence
Elevate has proudly announced that Brian Strom, the company's chief technology officer and co-founder, has been recognized as one of the top 25 tech innovators in the benefits and human resources field. This accolade highlights his significant contributions to the industry.
Details About the Honors
The Excellence in Benefits awards, presented by the esteemed publication Employee Benefits News, aim to acknowledge leaders who are driving positive change in the benefits and HR sectors. This year marks the fourth annual edition of the program, which shines a light on groundbreaking individuals like Strom, who are dedicated to improving benefits through innovative technology.
Revolutionizing Benefits Administration
Since its founding in 2020, Elevate has become a cutting-edge consumer-directed benefits administration platform. Under Strom’s guidance, the platform stands out as the first fully cloud-based, API-driven, and AI-enabled solution, bringing much-needed modernization to the outdated benefits administration systems.
The Significance of Innovation
Strom's recognition is particularly significant due to his crucial role in transforming health savings accounts (HSAs), flexible spending accounts (FSAs), and health reimbursement arrangements (HRAs), making them more accessible and user-friendly for consumers. His commitment to technological progress is reflected in his numerous patents, which include innovative solutions for pre-funding HSAs and new designs for multi-purse accounts.
Elevate's CEO Praises Team Contributions
Brian Cosgray, Elevate's CEO and co-founder, expressed his pride in the team's capability to integrate modern technology into an industry that has long relied on outdated systems. He emphasizes that Strom's vision has been instrumental in their success in incorporating artificial intelligence and automation to improve the user experience in benefits management.
Honoring Multiple Achievements
Strom will be honored alongside his fellow awardees at the upcoming EBN's BENEFITS AT WORK conference, where professionals from various notable companies will also be recognized, showcasing the collaborative spirit of the industry. Additionally, Elevate has recently been awarded the prestigious 2024 Tech Award for AI Innovations in Employee Benefits by Lighthouse Research & Advisory, marking yet another significant achievement in its impactful journey.
About Elevate
Elevate sets itself apart as a fully integrated, real-time benefits account management platform that offers a range of services, including health savings accounts and health reimbursement arrangements. This comprehensive platform not only aims to simplify benefits administration but also seeks to build partnerships with professional employer organizations (PEOs), third-party administrators (TPAs), and health plans. The company's mission is aligned with the evolving needs of both employers and employees.
Frequently Asked Questions
What recognition did Brian Strom receive?
Brian Strom was honored as one of the Outstanding Tech Innovators by Employee Benefits News.
What is Elevate known for?
Elevate is recognized as the first fully cloud-based, API-driven, and AI-enabled consumer-directed benefits platform.
When will Brian Strom and his fellow honorees be recognized?
They will be honored at EBN's BENEFITS AT WORK conference.
What is the main focus of Elevate?
Elevate focuses on modernizing benefits technology to enhance user experience and streamline service delivery.
What awards has Elevate received recently?
Elevate has been awarded the 2024 Tech Award for AI Innovations in Employee Benefits.
