New updates have been reported about Elevate.
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Elevate has been named “Consumer Payments Platform of the Year” by the FinTech Breakthrough Awards for the second consecutive year, reinforcing its position as a core infrastructure provider for consumer-directed healthcare benefits. The Denver-based company operates what it calls the first fully cloud-based, API-driven and AI-enabled platform in this segment, aimed at replacing legacy benefits administration systems with real-time automation and modern payment experiences.
Elevate’s technology supports instant claims processing, real-time reimbursements, automated claims submission and a single secure card that works across multiple benefit plans, including HSAs, HRAs, commuter and lifestyle accounts. By reducing exceptions and support volume for administrators such as Gusto, Rippling and Rocky Mountain Reserve, Elevate reports that customers have achieved 40% to 50% new business growth while cutting service cases per customer by more than 60%, signaling tangible efficiency and scalability gains for partners.