HealthEdge Builds on Year of Record Growth
End-to-end product suite enables customers to transform their organizations and meet next-generation business goals
Burlington, MA, March 5, 2013 —HealthEdge®, provider of the only integrated financial, administrative and clinical platform for healthcare payors, today announced that the company continues to build on its 2012 success, becoming the only choice for healthcare payors looking to transform their businesses to meet the needs of the 21st century healthcare marketplace.
HealthEdge achievements during 2012 include record revenues, the acquisition of Click4Care, the doubling of employees and a newly expanded executive team ready to support growing payor demand for the industry’s only end-to-end product suite.
“HealthEdge’s sole focus is providing software for payors,” said Rob Gillette, CEO of HealthEdge. “This approach, combined with the discipline of a commercial software business model and the use of 21st century technology is the key to our phenomenal growth. Thanks to HealthEdge’s culture of innovation and the dedication of our employees, the HealthRules platform is unsurpassed in the market. It enables our customers to meet their business, administrative, regulatory and clinical objectives during one of the most dynamic times in the healthcare insurance industry.”
Acquisition Creates Industry’s First End-to-End Solution
HealthEdge completed the acquisition of the award-winning care management software company Click4Care, adding next-generation clinical capabilities to the patented HealthRules product suite. This enables healthcare payors to manage all aspects of their businesses with a single platform. The acquisition also added 16 new customers to the HealthEdge family.
Key Additions to Senior Leadership and Staff
In response to the overwhelming demand for the HealthRules product suite, HealthEdge continues to invest across all parts of the organization, nearly doubling the company’s headcount. Notable appointments include Chief Operating Officer Dan Welch, who joined the company from Mitratech Holdings, Inc., and former customer Arik Hill, who joined HealthEdge as Vice President of Customer Support after serving as CIO at FirstCare Health Plans. The strength and depth of the HealthEdge team ensures that the company will continue as the driving force in 21st century payor technology.
Customers Turning to HealthEdge
HealthEdge dramatically increased its customer base during 2012, adding such customers as WEA Trust, Hudson Health Plan and Riverside Health. This reinforces the wave of healthcare payors responding to market changes by replacing their legacy software systems to the state-of-the-art HealthRules technology platform. Payors continue to select the HealthRules product suite to reduce costs, engage members, support next-generation healthcare business models, achieve regulatory compliance and improve outcomes.
Company Momentum Continues in 2013
With payors realizing that they must leave behind their outdated legacy systems in order to stay relevant in the new healthcare environment, HealthEdge is already experiencing another year of record growth in 2013, driven by new products, services and partnerships that are all designed to meet the current and future needs of healthcare payors.
HealthEdge® provides the only integrated financial, administrative and clinical software platform for healthcare payors. The HealthRules®platform, built on modern, patented technology, delivers for the first time, a suite of software products that enables payers to leverage new business models, improve outcomes, drastically reduce administrative costs and connect everyone in the healthcare delivery cycle. An award-winning company, HealthEdge delivers disruptive technology that makes the new healthcare economy work. For more information, visit www.healthedge.com.