AGOURA HILLS, Calif., Feb. 5, 2019 /PRNewswire/ -- Hixme today announced the appointment of CEO Rodney Gibson to lead efforts to expand the company's health insurance platform. Hixme's proprietary software technology helps reduce health insurance costs for mid-sized employers by as much as 20% while providing greater choice and improved customer service to employees.
"Hixme is a powerful solution for mid-market companies to curb health insurance costs," says Gibson. "We give companies with large group plans access to the stability and choice of composite-rated individual plans on the individual health insurance market. Hixme has historically only worked with companies directly, but we are excited to announce our broker solution today. Brokers are a company's most trusted advisor on health insurance matters. We want to equip brokers with an alternative to yet another rate increase."
With Hixme's technology, all stakeholders benefit. Companies reduce costs without compromising on quality; brokers have a tool to combat rate hikes, improve retention, and increase revenues through Hixme's generous commissions; and employees have greater choice and personalization, such as being able to insure different family members in different plans based on their medical needs.
"Our immediate focus is to partner with California brokers beginning with those here in Los Angeles," says Gibson. "We believe once brokers fully appreciate the benefits we bring to their businesses, it will be a no brainer for them to work with us. Everybody wins."
"Rodney has an exceptional track record of building companies with great customer experience, high employee satisfaction, and solid shareholder returns," said Derek Newell, Chairman of Hixme. His "passion for making things work better, for developing people and his in-depth experience in the health insurance market are going to help accelerate Hixme's success."
Gibson brings more than 20 years of startup experience to Hixme. Most recently, he came from Oscar Health, where he held a number of key operational and strategic roles. During his four-and-a-half years there, the company scaled from a team of 35 to an industry influencer of more than 900 employees and 260,000 members nationally, generating over $1 billion in annual revenue with a valuation of $3.2 billion.
Prior to Oscar, Gibson was vice president of business development at TriNet in New York where he worked closely with venture-backed technology companies and financial services firms to outsource back-office HR administration and health care benefits.
Gibson received an MBA from Wharton after spending the early years of his career in business development roles in Seattle and Silicon Valley at former internet darlings Go2Net, InfoSpace, and Yahoo.
"It was a privilege to be a part Oscar's role in the evolution of the individual market, and an even greater honor to join Hixme to help provide companies with relief from large rate increases through the individual markets," says Gibson. "Hixme has been quietly at work serving clients and refining our business model for five years. With our announcement today to actively partner with brokers, we have a chance to help brokers bring cost savings to a much larger audience. The dollars we help our clients save goes back to their bottom line, helping companies grow and thrive."
Founded in 2013, Hixme provides a solution to help brokers migrate clients from their large group health insurance plans to composite-rated individual health insurance plans saving clients as much as 20% of their health insurance costs. Hixme is capitalized through $26 million dollars of investment funding from Kleiner Perkins, Propel Ventures, Rosemark Capital and Transamerica Ventures.
SOURCE Hixme Inc