GAITHERSBURG, Md., May 12, 2023
/PRNewswire/ -- Expion Health, previously known as Exponent Health,
has taken a bold step in the advancement of healthcare technology
with the launch of its mobile app, ExpionME, and a strategic
company-wide rebranding. The introduction of ExpionME, designed to
ease the burden of rising healthcare costs for payers and their
members starting with balance billing, signifies the company's
dedication to placing its platform technology at the heart of the
organization. Derived from "exponential" and "pioneer," the name
Expion emphasizes the company's commitment to driving exponential
value through cutting-edge technology and innovative solutions.
Expion Health's transformative journey began over a year ago
with the introduction of the ExpionIQ platform. By incorporating
AI-driven technology into its core solutions, Expion Health has
significantly enhanced its capabilities and opened up new
opportunities for cost optimization. ExpionIQ has set the stage for
the development of products that are directly available to payers,
beginning with the innovative mobile app, ExpionME.
"I am thrilled to announce our rebranding to Expion Health,
which reflects our unwavering commitment to driving innovation
beyond industry standards and expectations," said Karin Humphrey, CEO. "With our ExpionIQ platform
and new products like ExpionME, we are pushing the boundaries of
healthcare technology to help our clients achieve exponential
results in improving cost savings. This rebranding allows us to
connect our brand identity directly with the core of our business –
our platform technology."
ExpionME empowers members to easily navigate their balance
billing challenges and access professional support through their
mobile devices. Payers benefit from enhanced member satisfaction
and new visibility into out-of-network insights for informed
decision-making.
"We understand that balance bills are a significant stress and
burden for insurance plan members, and our goal is to provide
technology-enabled, concierge-level support to help them
understand, manage, and resolve balance bills," said Suresh Kumar, Chief Transformation Officer.
"This is just the beginning of how we can revolutionize cost
management through solutions built on ExpionIQ, and we have
exciting developments in the pipeline to further optimize
savings."
In addition to the launch of ExpionME, Expion Health is
rebranding from Exponent Health to better align its corporate
identity with its flagship products and solutions. This strategic
change creates a cohesive brand across the company, strengthening
its recognition in the marketplace and reflecting its commitment to
pushing innovation beyond traditional expectations.
"Expion Health's rebranding marks a significant milestone in our
company's evolution," said Marina
Molenda, VP of Marketing & Communications. "Our new name
reflects our focus on exponential growth, innovation, and
technology-driven solutions. We are excited to continue our journey
as Expion Health and look forward to bringing more innovative
products and solutions to market."
Payers interested wanting more about offering the ExpionME app
to members can contact Expion Health at (800) 955-9600 or visit the
website at www.expionhealth.com.
About Expion Health
Expion Health, formerly Exponent
Health, is a pioneer in the healthcare technology industry,
leveraging 30+ years of experience to drive exponential results for
payers, PBMs, and TPAs. With a specialization in identifying
savings opportunities where others overlook, the company focuses on
high-complexity factors that drive healthcare costs, utilizing the
most accurate and up-to-date data available. At the core of Expion
Health's innovative solutions is the ExpionIQ platform, which
brings together cutting-edge technologies such as artificial
intelligence, automation, data, and analytics. ExpionIQ creates
powerful solutions for unlocking savings opportunities while
ensuring compliance with complex regulations.
Media Contact:
Marina
Molenda
(800) 955-9600
358937@email4pr.com
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SOURCE Expion Health