Scheduling
Time & Attendance
Forecasting
Employee App
Payroll Integrations
Communications
Archive
By Staff Report
Aug. 20, 2009
Blue Cross and Blue Shield plans are seeking a buyer for their Blue Healthcare Bank, which opened in 2007 and provides health care banking services, including health savings accounts, to plan members.
A variety of factors contributed to the reason for the sale, said Jeff Smokler, spokesman for the Blue Cross and Blue Shield Association.
“The future marketplace is one of those factors,” he said.
The bank, located in Sandy, Utah, serves the members of 14 Blues plans nationally. About 6,300 members have HSAs through the bank, Smokler said.
Thirty-three Blues plans hold a stake in the bank and are seeking to sell its assets, including the federal charter.
The decision doesn’t reflect a lack of confidence in consumer-driven health plans or HSAs, Smokler said.
Filed by Rebecca Vesely of Modern Healthcare, a sister publication of Workforce Management. To comment, e-mail editors@workforce.com.
Stay informed and connected. Get human resources news and HR features via Workforce Management’s Twitter feed or RSS feeds for mobile devices and news readers.
Come see what we’re building in the world of predictive employee scheduling, superior labor insights and next-gen employee apps. We’re on a mission to automate workforce management for hourly employees and bring productivity, optimization and engagement to the frontline.
Staffing Management
Managing employee time-off requests: A guide for business ownersSummary Vacation, sick time, PTO banks, and unpaid leave are only a few forms of employee time off — Mo...
Technology
Labor analytics: A how-to guide for company leadershipMake sure to start small, clean your data, use data from a variety of sources and use desired business ...
data analytics, employee data, HR Tech, people analytics, talent management
Technology
Why tattleware isn’t the solution for underperforming teamsIf your employees can take their smartphones out of their pockets to circumvent your efforts, how can y...
employee monitoring, HR technology, tattleware