STONY BROOK, N.Y., May 31, 2017 /PRNewswire/ -- Softheon, a leader in cloud-based health insurance exchanges, today announced that it is the 18th largest healthcare IT (HIT) provider according to Healthcare Informatics, a leading healthcare industry publication which ranks the nation's top HIT companies based on their services and revenues. This is the second consecutive year that Softheon has been included. Softheon's ranking of #18 is up from #34 on the 2016 list.
For the last 20 years, the editors of Healthcare Informatics, one of the healthcare industry's most respected publications, have released the magazine's annual Healthcare Informatics 100, a compilation of the top health IT companies based on revenues verified by Porter Research and ST Advisors.
"We believe that The Healthcare Informatics 100 offers a unique service to our industry, and is uniquely referenced by professionals throughout the field every year," said Mark Hagland, Editor-in-Chief of Healthcare Informatics.
Providing its commercial off-the-shelf cloud-based SaaS & BPaaS solution, Softheon supports multiple sales channels, real-time enrollment & underwriting with standard and composite rating, integrated premium billing, bill presentment & payment, and analytical tools for employers, brokers, government entities, and health insurance carriers.
"We are pleased to receive this distinction from Healthcare Informatics. Our multi-year presence on the list demonstrates our viability and stability as a leader in cloud-based health insurance exchange solutions," stated Eugene Sayan, Softheon Founder, CEO, and Chairman. "Now more than ever, the industry is recognizing the role of Software as a Service (SaaS) and Business Process as a Service (BPaaS) solutions and their ability to dramatically reduce implementation timelines and related risks," Sayan added.
Softheon continues to build on its success of providing private and public exchange platforms. Since 2008, Softheon has played a critical role in establishing the nation's first state health benefit exchange, the Massachusetts Connector. For 2017, the Softheon Cloud has been trusted by 37% of health insurers to manage 24% of Affordable Care Act (ACA) membership.
The 2017 Healthcare Informatics 100 appears in the June 2017 issue of Healthcare Informatics magazine. For a complete list of the Healthcare Informatics 100 winners, visit https://www.healthcare-informatics.com/hci100
Softheon strives to create simple solutions to complex problems. Our innovative and easy-to-use products have revolutionized the way everyday people control their healthcare needs. We played a critical role in building the nation's first state health benefit exchange in 2008. We have been recognized as a leading Software-as-a-Service (SaaS) & Business-Process-as-a-Service (BPaaS) platform by IDC, AHIP, ACAP and HCEG. Our vision is to empower state based marketplaces, healthcare payers, provider sponsored health plans, employers, and brokers to provide the ultimate member experience with our commercial off-the-shelf solutions delivered in under 90 days.