HealthEdge Receives "Positive" Rating in Leading Analyst Firm's "Innovative Challengers in Healthcare Insurance Core Administrative Systems" MarketScope Report
Burlington, MA, May 10, 2010—HealthEdge, provider of the only modern, enterprise-class software platform for healthcare payors, today announced that it has received a “Positive” rating in Gartner’s report entitled “MarketScope for Innovative Challengers in Healthcare Insurance Core Administrative Systems." *
According to the report, "Market demand for health insurers’ core applications – either a new product purchase or version upgrade – is on the verge of unprecedented growth. This is based on the need for application consolidation and modernization, new business demands being unsatisfied by legacy applications, and most frequently, the efforts necessary to achieve ICD-10 compliance. As a result of these market drivers, a preponderance of the U.S. health insurance core administrative applications will be replaced, upgraded or remediated between 2010 and 2013."
"We believe Gartner’s ‘Positive’ rating confirms our market position as a leader in delivering next-generation technology that will enable our customers to gain a sustainable competitive advantage as they transition to the member-centric world of 21st century healthcare," said HealthEdge CEO Rob Gillette. "HealthEdge’s award-winning, patented HealthRules technology platform delivers the unrivaled, real-time configurability, scalability and agility that payors will require in order to reduce costs, increase productivity, improve transparency, and turn their customer service capabilities into a competitive differentiator."
Gillette added, "HealthRules was the first payor technology platform to achieve full ICD-10 compliance in June 2009. As a result, our customers already have the ability to seamlessly process both ICD-9 and ICD-10 claims, without the need to endure costly and time-consuming analysis, conversion, and remediation efforts. This is another great example of HealthEdge leveraging its award-winning technology platform to provide a completely new level of flexibility and support for its customers."
About HealthEdge
HealthEdge provides the only modern, enterprise-class software platform for healthcare payors. Using the patented HealthRules® software suite, health plans, health insurance companies and other payors can finally respond to new business opportunities and market changes in hours, not months or years, while drastically reducing both IT and operational costs. Leveraging an investment of over $125 million, HealthRules is the most scalable and cost-effective technology in the industry. HealthEdge is the only choice for payors to survive and thrive in the emerging healthcare economy. For more information, please visit www.healthedge.com.
* Gartner, Inc. MarketScope for Innovative Challengers in Healthcare Insurance Core Administrative Systems, Maureen O’Neil, March 29, 2010.
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