HealthEdge Announces That It Has Received “Positive” Rating in Leading Analyst’s Report
Recent customer acquisitions, unique product platform and implementation successes differentiate HealthEdge in the payor systems space
Burlington, MA, May 10, 2011—HealthEdge®, provider of the only modern, enterprise-class software platform for healthcare payors, today announced that it achieved a positive rating in the Gartner MarketScope for Innovative Challengers in U.S. Healthcare Insurance Core Administrative Systems.* The report, authored by Gartner analyst Robert H. Booz, evaluated six leading providers of core administrative applications for healthcare payors.
Payors across the U.S. are quickly realizing that their existing systems are not robust enough to meet the rapidly changing needs of the new healthcare marketplace. Today’s payors, according to the report, are facing a number of critical business imperatives, including the transformation to ICD-10 and the need to address the proliferation of disparate, core administrative systems that are the result of numerous mergers and acquisitions. These legacy systems were simply not designed to meet the evolving business needs of organizations who are trying to compete in the rapidly changing healthcare environment.
Unlike other solutions that simply incorporate traditional rules engines or legacy configuration approaches, HealthEdge’s patented, language-based product suite provides the real-time configurability and flexibility that allows payors to quickly take on any type of new business, regardless of complexity, automate and streamline all of their existing lines of business, quickly adapt to new industry standards like ICD-10, and provide superior levels of transparency to everyone involved in the healthcare delivery cycle.
“HealthEdge is proud to have been positively rated by Gartner in its MarketScope report. We consider this yet another important confirmation of the value that we are providing for healthcare payors across the country, and additional recognition of the unique power and capability of the HealthRules® platform,” said Rob Gillette, HealthEdge CEO. “The award-winning HealthRules product suite permits healthcare payors to immediately address new market opportunities, quickly meet existing business demands and rapidly adapt to changes in industry regulations. HealthRules is the only solution for payors that wish to compete in the 21st century healthcare economy.”
*Gartner, Inc., MarketScope for Innovative Challengers in U.S. Healthcare Insurance Core Administrative Systems, Robert H. Booz, April 29, 2011.
About HealthEdge
HealthEdge provides the only modern, enterprise-class software platform for healthcare payors. Using the patented, award-winning HealthRules software suite, health plans and other payors can respond to business opportunities and market changes within hours rather than the usual months or years, while drastically reducing both IT and operational costs. Leveraging an investment of more than $125 million, HealthRules is the most modern, scalable, and cost-effective technology in the industry. HealthEdge provides the competitive advantage that enables payors to thrive in the dynamic healthcare environment. For more information, visit healthedge.com or call 781-285-1300.
Contact:
Michael Sullivan
PAN Communications
978-474-1900