15 years ago, Jellyvision set out to reimagine how employees choose their benefits by launching a platform called ALEX. And we’ve come a long way since then—helping millions of employees learn about, choose, and use the resources their employers provide them.
But over the course of the last decade and a half, the healthcare landscape has only become more complicated. Employers are expanding their benefits packages to attract and retain talent. Non-traditional benefits are taking the spotlight as holistic health becomes a priority. And health equity is centerstage as employers look for ways to meet the diverse needs of their workforces.
In other words, it’s never been harder to connect employees with the right benefits, at the right times, in the right places.
That’s why we’re proud to announce that we’ve acquired Picwell, a benefits decision support company. As we enter a new era, Jellyvision and Picwell will partner to help employees piece together the increasingly complex benefits puzzle, all while increasing employers’ return on their investment.
Jellyvision + Picwell: putting the puzzle pieces together
Why are Jellyvision and Picwell a perfect pair? Simply put, we’re combining Jellyvision’s time-tested behavioral science approach with Picwell’s data-driven predictive analytics to connect more humans with highly personalized benefits guidance, in the moments when they need it most.
Okay, you got us—that still sounds like a lot of jargon if you’re not knee-deep in benefits technology every day like we are. So let’s break it down:
What is behavioral science, and why does Jellyvision use it?
Behavioral science studies human actions—and how our own biases, lack of knowledge or previous experience can influence our decision-making. ALEX uses behavioral science to identify common benefits pitfalls, and steer employees towards the right plans and decisions for them—based on their own personal health, finances, and other factors.
For example, behavioral science tells us that people are much more likely to want money in their pockets right now, rather than save for later. And when it comes to 401(k)s, that trend isn’t very helpful to employees—because they’re missing out on exponentially more dollars down the road if they fail to save now.
So ALEX shows employees a comparison of their current vs. ideal 401(k) contributions, and how much their money will grow if they decide to save now and spend later.
What is predictive analytics, and why does Picwell use it?
Predictive analytics uses data and machine learning to identify how likely it is that a future event will happen. When it comes to benefits, predictive analytics can guide employees towards healthcare choices that will give them the best coverage at the best cost, based on data from other people just like them.
Here’s how Picwell’s technology does it:
- Analyze healthcare claims from millions of people all over the country
- Identify hundreds or thousands of people who match an employee’s demographics
- Use that data to accurately predict how (and how much) employees will use their healthcare
- Estimate annual costs for each health plan available to the employee
- Layer on an employee’s preferences, like how comfortable they are taking on financial risk
- Rank each plan, based on total costs and personal preferences
Jigsaw puzzle complete ✅
By bringing together Jellyvision’s behavioral science-backed approach to benefits engagement and Picwell’s data-driven decision support technology, ALEX will improve lives by delivering a hyper-personalized benefits experience for even more employees.
That means a healthier, happier, more engaged workforce—and a better return on your organization’s benefits investment.
What will ALEX look like now?
Your employees demand personalization. And you need to maximize the millions of dollars you spend each year on benefits. So ALEX will tackle those big challenges with big solutions.
ALEX gets more inclusive
Jellyvision and Picwell’s joint technology will prioritize inclusivity. ALEX will account for every employee’s needs by giving them choices on how they want to engage: with a fast path and a voiced, interactive experience. It’s the ALEX you love, with options on language, device type, learning style, location, and more.
A revolutionized ALEX Go and expanded capabilities drive inclusivity and give your employees the freedom to choose their own path and the flexibility to switch it up, based on their circumstances.
ALEX gets smarter
Everyone values benefits differently, and helpful guidance starts by understanding everyone’s unique needs and risk tolerance. Now powered by predictive analytics, ALEX will not only understand where each individual has been on their health journey, but where they are going.
ALEX will make sense of the mountains of benefits data to help your employees make healthier, more financially secure choices. Unbiased data from similar groups of people will uncover relevant insights for each individual and predict future needs that they might not have anticipated, making way for a clearer path to benefits decisions.
What will this mean for Jellyvision and Picwell customers?
We’re going to hit the ground running to make ALEX smarter and more personalized for your employees. In 2023, you’ll have even more options for how to use ALEX, tailoring your company’s needs to our improved platform. From there, the possibilities are endless—and we can’t wait to share what’s next!
As always, we’ll bring you along for the journey. And if you ever have any questions or concerns about what’s new, don’t hesitate to reach out to your Jellyvision account rep.
The time to solve this puzzle is now.
As the Great Resignation lingers, companies like yours may be scrambling to attract and retain talent. And with inflation at high levels, employees need your financial support and guidance more than ever. Plus, as businesses brace for a recession, company leaders are looking for ways to boost their bottom line and make the most of their investments in employees.
The common denominator for all of these challenges? Employee benefits.
An upgraded benefits experience is the missing puzzle piece when it comes to strong recruiting, employee engagement, and financial wellness for your company. And we’re looking forward to continuing to help you achieve those goals—now, with the power of Jellyvision and Picwell combined.