Obama Victory Reinforces Need for Insurers to Prepare for Healthcare Exchange 2013 and 2014 Deadlines
hCentive WebInsure Exchange Manager Enables Insurers to Establish Seamless Integration with Federal & State Exchanges
RESTON, Va., Nov. 7, 2012 /PRNewswire/ -- With the reelection of President Barack Obama announced yesterday, hCentive, Inc., the leader in post-PPACA healthcare exchange technology, encourages insurers to expedite preparations to achieve compliance with the state exchange requirements as directed by the law.
The Patient Protection and Affordable Care Act of 2010 (PPACA) requires states to implement health exchanges by January 1, 2014, with open enrollment occurring on October 1, 2013. hCentive recommends insurers have functional state exchange integrations by June 2013.
The WebInsure Exchange Manager is a platform that effectively integrates private health plans with PPACA-mandated state exchanges. It offers a significant competitive advantage to health insurers needing to meet aggressive goals and operate more efficiently. The product offers myriad benefits, including automated plan management, enrollment management, financial & enrollment reconciliation, workflow & queue management and correspondence management.
"With Obama's reelection, the requirements for state exchanges under PPACA will remain," Manoj Agarwala, President of Chief Operating Officer of hCentive. "For insurers looking to quickly earn compliance with a large number of state exchanges, the time to market is critical. Insurers need a product that can integrate not only with state exchanges, but also billing, claims, and the federal hub and exchange. Our out-of-the-box WebInsure Exchange Manager product is able to handle the necessary point-to-point connections and complexity that is involved in state exchange integration. We enable companies to stay in compliance and leverage public exchanges as a new sales channel."
To learn more about hCentive's WebInsure Exchange Manager, including a full technology and feature overview, go to http://www.hcentive.com/health-insurance-exchange-connectivity-platform.html.
hCentive is in the business of simplifying the complex world of health insurance. hCentive provides technology solutions for health insurers and state health agencies. These solutions help them reduce cost and administrative complexity, while enhancing relationships with their customers.
hCentive is the first organization to build an exchange solution from the ground-up post the Patient Protection and Affordable Care Act of 2010 (PPACA). hCentive has developed a deep understanding of healthcare reform and has crafted solutions and services that align with federal and state regulations and meet or exceed all industry standards.
The hCentive WebInsure Consumer, WebInsure Medicare and WebInsure Group platforms help health insurers cost-effectively acquire and manage individual, Medicare and small business customers. The hCentive WebInsure Private Exchange platform allows health plans to offer defined contribution plan marketplace to small business customers. The WebInsure State platform helps states create a health benefits exchange to comply with health insurance exchange requirements of the PPACA. The WebInsure Exchange Manager provides a complete connectivity solution for health plans to connect to State Exchanges. The WebInsure Cloud solution provides practical and cost-effective cloud hosting options to health plans.
SOURCE hCentive, Inc.