HealthEdge Wins Healthcare IT Innovation Award for Best Technology at Healthcare IT Summit
Industry executives recognize HealthRules as best in class for second time in three years
Burlington, MA, November 18, 2009—HealthEdge, provider of the only modern, enterprise-class software platform for healthcare payors, today announced that it's HealthRules product suite was voted Best New Technology in the insurer category by healthcare executives who attended the 2009 Healthcare IT Summit last week in La Quinta, Calif. This is the second time in three years that industry experts at this prestigious event have selected HealthEdge for a Healthcare IT Innovation Award.
The Healthcare IT Innovation Awards are given in nine categories—four of which are devoted to insurer-based offerings. Hundreds of senior executives attending this year’s Summit completed confidential ballots to select the award winners after previewing and learning about new products and services in private boardroom appointments. The event brought together top industry analysts, executives from many prominent healthcare insurer and provider organizations, and a number of leading technology vendors for collaborative discussions related to pressing business and IT issues, best practices and the latest tools and technology.
"We are honored to have received this recognition from some of the premier business and technology leaders in the healthcare space," said Ray Desrochers, COO of HealthEdge. "Winning this award is a powerful validation of our strategy and vision, and a clear indication of the excitement that we are seeing related to some of our newest product offerings. The first-of-its-kind Benefit Predictor capability that was demonstrated at this year's conference is now included as a standard part of HealthRules Payor. It provides HealthEdge clients with a significant competitive advantage related to both transparency and customer service by enabling them to quickly and easily answer even the most complex benefit questions from their members and providers. Similarly, our demonstrated compliance with the new ICD-10 standard, and our unique ability to seamlessly and simultaneously process both ICD-9 and ICD-10 claims, allows our customers to immediately enjoy all of the advantages of this new industry standard without having to make costly configuration changes or endure time consuming data conversions. These are great examples of how HealthEdge is leveraging next-generation technology to enable our clients to be successful in the rapidly evolving world of 21st-century healthcare."
The patented, one-of-a-kind HealthRules software suite allows healthcare payors to rapidly respond to new business opportunities and market changes—in hours, not weeks or months—while reducing costs and increasing operational efficiencies. Organizations using the HealthRules platform gain the ability to compete more effectively in the emerging consumer-centric healthcare marketplace, as they can now quickly offer the innovative products that the market demands.
HealthEdge is a privately owned software company based in Burlington, Mass. Its lead investor, Psilos Group, is a venture capital firm that is focused on providing venture and growth capital to innovative companies operating in the healthcare economy.
Download photo of award acceptance here.
About Everything Channel, Producer of the Healthcare IT Summit
The Healthcare IT Summit is produced by Everything Channel Events, the one-stop shop for managing and accelerating technology sales. From branding and recruiting to marketing and sales, Everything Channel offers technology marketers the unmatched breadth and depth of global brands and market intelligence combined with unparalleled audience loyalty and credibility serving all technology sales channels through an extensive database. Everything Channel provides innovative field sales and marketing solutions to arm the sellers of technology with the resources they need to achieve measurable and significant results. For more information, visit, www.everythingchannel.com or www.channelweb.com.
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.
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