STONY BROOK, N.Y., Aug. 15, 2017 /PRNewswire/ -- Softheon, Inc., a leader in cloud-based health insurance exchange integration and remediation, today announced its inclusion in the Gartner Hype Cycle for U.S. Healthcare Payers, 2017. Gartner has listed Softheon as a sample vendor for Retail Analytics for Healthcare Payers and Private Exchange Technology. This is the seventh year that Gartner has identified Softheon in the annual report.
Gartner's annual Hype Cycle tracks and measures the maturity and adoption rates of various technologies relevant to the U.S. healthcare payer industry. "When the U.S. Congress passed the Affordable Care Act, it became clear that U.S. healthcare payers would need to adopt many of the business practices and technologies of direct-to-consumer industries," according to Bryan Cole, Research Director at Gartner. "While some of these healthcare-specific barriers are becoming more manageable, the broader cross-industry trend toward intelligent, coordinated, digital interactions with customers is accelerating," Cole added.
"Healthcare is facing disruption from innovative, technological advances, amid some of the uncertainties presently facing our industry," said Eugene Sayan, Softheon Founder & CEO. "We are very pleased that Gartner has acknowledged Softheon, and believe it further supports the heightened interest for cloud-based enrollment, premium billing, and reporting platforms," Sayan added.
Ranked as the 18th largest healthcare IT vendor in the country by Healthcare Informatics, Softheon serves 37% of healthcare payers participating on public exchanges nationwide. Softheon has also been recognized by IDC, AHIP, and HCEG, and is an ACAP Preferred Vendor for exchange integration, individual & group enrollment and premium billing, and private exchanges.
(1) Gartner, Inc. "Hype Cycle for U.S. Healthcare Payers, 2017" by Brad Holmes, Jeff Cribbs, Bryan Cole. 14 July 2017
*Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
At Softheon, we strive to create simple solutions to complex problems. Our turnkey Software-as-a-Service (SaaS) and Business Process as a Service (BPaaS) solutions have provided end-to-end tracking, monitoring, and reporting of business activities for over 15 years. These channels are related to individual and small group enrollment, financial management, and customer relationship processes. Understanding that healthcare is constantly evolving, our solutions can be deployed and configured within 90 days. This agile development process positions us to quickly adapt and adhere to the latest regulatory developments. Continuing our history of success, we are proud to be trusted by 37% of healthcare payers participating on public exchanges, managing 24% of their membership in 2017.
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