STONY BROOK, N.Y., July 21, 2016 /PRNewswire/ -- Softheon, Inc., a proven leader in cloud-based health insurance exchange integration and remediation, has recently been named as a sample vendor in Gartner's July 1, 2016Hype Cycle for U.S. Healthcare Payers, 2016. This is the third year that Softheon has been referenced in the Hype Cycle, and this year its solutions are mentioned in three different categories.
The Hype Cycle for U.S. Healthcare Payers is an annual report that tracks the maturity and adoption rates of various technologies relevant to the U.S. healthcare payer industry. Softheon has been cited as a sample vendor in the categories of sales channel performance analytics, automated premium billing, and private exchange technology, showing Softheon's prominence in the digital commerce healthcare market.
As this year's Hype Cycle shows, sales channel performance analytics are still a relatively new concept in the healthcare field. With data analytics solutions, payers can expect to use member data in order to know how to attract and retain their individual members. Platforms including Softheon's Equity have shown that automated premium billing have ushered in a paradigm shift away from the slow, manual payment processes to expedited electronic payments. Private exchange technology such as Clarity have been necessary for the complicated process of integrating private exchanges to become simple and routine. Ultimately, the goal of all these categories is to modernize healthcare into the digital age.
"As Gartner's research has indicated, the present and future of the healthcare landscape will be dictated by the continued adoption of digital commerce distribution," said Eugene Sayan, Softheon Founder & CEO. "At Softheon, we have been at the forefront of this revolution to bring healthcare up to speed with other large-scale industries that have long adopted these platforms to great success," Sayan added.
With a technology-driven revolution sparked by the Affordable Care Act, Softheon has maintained its position as a premier solutions architect in a highly competitive and dynamic industry. Recognized by IDC, AHIP, ACAP, HCEG, and other respected organizations, Softheon is the nation's leading platform addressing the industry's ever-changing regulatory demands. Recently, Softheon has been ranked among the top five data exchange health IT companies by revenue in the 2016 Healthcare Informatics 100. Additionally, Softheon was listed for the second consecutive year as a representative vendor in Gartner's Market Guide for U.S. Healthcare Payer Private Exchange Technology.
Presently, Softheon is offering visitors to its website a complimentary copy of the Gartner report, Hype Cycle for U.S. Healthcare Payers, 2016, monitoring the maturity and adoption rates of technology developments in the U.S. healthcare payer market.*
About Softheon Empowering the nation's first state health benefit exchange since 2008, Softheon's vision and strategic direction address healthcare payer, provider, and government agencies' goal of meeting Affordable Care Act (ACA) milestones. Softheon provides HIX Integration, Direct Enrollment, Premium Billing, and Edge Server solutions for insurance carriers of all sizes participating in Federal and State Health Insurance Exchange (HIX) Marketplaces. Softheon's Marketplace Connector Cloud (MC2) has been trusted by health plans, in all 50 states, as an accelerated federal, state, and private exchange integration platform. Softheon MC2 is a Software-as-a- Service (SaaS) solution where insurers pay a one-time activation and ongoing PMPM fees for exchange members only, while eliminating most, if not all, risks associated with ACA enrollment compliance and other mandates. For more info, visit: http://www2.softheon.com/homepage
*Gartner, A Digital Commerce Vision for U.S. Healthcare Payers, Constance Sjoquist, 02 June 2016, *Market Guide for U.S. Healthcare Payer Private Exchange Technology, Constance Sjoquist, 11 April 2016
*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.