hCentive
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| Company type | Private |
|---|---|
| Industry | Software development |
| Founded | 2009 |
| Founders | Sanjay Singh, Manoj Agarwala, Tarun Upaday |
| Headquarters | , United States |
Number of locations | New York, Colorado, Pennsylvania and Noida, India (R&D center) |
Area served | United States |
Key people | Sanjay Singh, CEO |
| Products | State Health insurance marketplaces/ Exchanges; and cloud-based software products for insurance marketplace |
Number of employees | 500+ [1] |
| Website | www |
hCentive, Inc., is Virginia based software development company specializing in cloud-based products for health insurers and state health agencies.[2][3] The company was Ranked 205 by Deloitte in 2016 under Software category. [1]
hCentive is involved in the development of state and private health insurance marketplaces, namely exchanges, for state organizations, health insurance providers, companies, and third party administrators.[4] Company works with three of the top five health insurance organizations in the US.[1][5]
About 125 employees of hCentive work at the corporate headquarters. The others are based at the Indian R&D center.[1][4][6]
History[edit]
hCentive was founded in 2009 by Sanjay Singh, Manoj Agarwala and Tarun Upaday. They started their activities before the Affordable Care Act became law, expecting that it would create the new market.[7] The idea of founding the hCentive company emerged from concepts of the Affordable Care Act- ACA, when health care reform was being debated in the United States Congress.[4][8][9]
Products and services[edit]
hCentive's WebInsure State is a cloud-hosted solution for state-based health insurance exchanges . It is adopted by the states of New York, Colorado and Kentucky for their state health insurance marketplaces.[1][10][11]
Company's WebInsure Private Exchange solution is created specially for the private market:[8] It is a cloud-based solution to be used for health plans, TPAs, and dental plans.
Another private market solution, WebInsure Exchange Manager, serves the purpose of integration between health insurance exchange, health insurance providers, and other related parties.
In August, 2013, Geisinger Health Plan (GHP), a health insurance provider, began cooperation with hCentive to implement health insurance exchange integration and private exchange solutions.[12]
Awards & Recognitions[edit]
Rank of No. 62 on the Deloitte Technology Fast 500 in North American,[13] No. 117 on the Inc. 5000 2014 list and No. 12 on the Washington Business Journal Fast 50 in 2015.[14]
Ranked No. 19 among Virginia-based companies and was ranked No. 117 on the Inc. 5000 2014 list.[15]
References[edit]
- ^ a b c d "hCentive opens R&D center in Noida". The Times of India. 13 July 2013. Archived from the original on 1 November 2013. Retrieved 13 October 2013.
- ^ Wayne, Alex; Nussbaum, Alex (1 October 2013). "Obamacare Markets Debut as Early Hurdles May Slow Signups". Bloomberg News. Retrieved 13 October 2013.
- ^ Molinsky, Eric (25 September 2013). "Tech Firms Rush to Build Health Exchanges Before Deadline". WNYC. New York Public Radio. Retrieved 13 October 2013.
- ^ a b c Weldon, David (30 September 2013). "Healthcare reform a job creation machine". Healthcare Finance News. MedTech Media. Retrieved 13 October 2013.
- ^ Zimmerman, Eilene (27 March 2013). "6 companies cashing in on Obamacare". CNN Money. CNN. Retrieved 13 October 2013.
- ^ Weldon, David (30 September 2013). "IT efforts braced for tomorrow's Obamacare exchange launches". FierceEnterprise Communications. FierceMarkets. Retrieved 13 October 2013.
- ^ Green, Miranda (21 August 2013). "Technology Firms Staff Up to Build Health-Insurance Exchanges". The Daily Beast. Retrieved 13 October 2013.
- ^ a b Mangan, Dan (9 September 2013). "In Obamacare, tech entrepreneur envisions a new Expedia". CNBC. NBCUniversal. Retrieved 13 October 2013.
- ^ Abrar, Peerzada (12 August 2013). "For Indian tech startups, Obamacare mean big bucks as 45 mn Americans pick health covers". Economictimes.com. Retrieved 13 October 2013.
- ^ Censer, Marjorie (7 October 2013). "Obamacare spurs creation of thousands of new jobs to explain law". Washington Post. Retrieved 13 October 2013.
- ^ Kim, Meeri (27 July 2013). "Obamacare spurs creation of thousands of new jobs to explain law". Washington Post. Retrieved 13 October 2013.
- ^ Baburajan, Rajani (22 August 2013). Bernstein, Peter (ed.). "Insurance Technology - Geisinger Health Plan Selects hCentive for Health Insurance Exchange Integration". insurance-technology.tmcnet.com. TMCNet. Retrieved 13 October 2013.
- ^ Deloitte Technology Fast 500 Winner for 2016
- ^ Washington Business Journal Fast 50
- ^ 34th annual Inc. 5000