Company Reports Significant Uptick in Revenue and Number of Customers
BURLINGTON, Mass.–(BUSINESS WIRE)–#HCIT—HealthEdge®, provider of the industry’s leading integrated financial, administrative and clinical platform for health insurers, announced today it grew company revenue by over 30 percent in 2019, achieved a 25 percent increase in new customers, and implemented a record number of system go-lives. HealthEdge was identified by Gartner as a Sample Vendor in the Next-Generation Core Administrative Processing Solutions category in its Hype Cycle for U.S. Healthcare Payers, 20191 report. This is the ninth consecutive year HealthEdge has been recognized in the report.
HealthEdge continues to attract top talent from within the health insurance industry and beyond, doubling its work force in the last three years. In recognition of the company’s focus on promoting a sustainable workplace, HealthEdge received the Boston’s Best & Brightest Companies to Work For award for the second year in a row and a national Gold Standard-Top 101 designation. Further, HealthEdge was named an Elite Winner in the Employment Achievement and Recognition category.
Overseas, the company successfully launched an expansion of its presence in India through its Global Development Centers in Bangalore and Pune, India. Operating as HealthEdge Technologies India Private Limited, these centers enable HealthEdge to accelerate the delivery of innovative solutions to customers in the U.S. health insurance market.
“In 2019, many of our customers experienced tremendous growth and we are proud that our technology has helped them to lower administrative and healthcare costs with capabilities to manage their business processes in the most efficient way,” said Steve Krupa, CEO of HealthEdge. “It’s truly a team effort that powers HealthEdge to continuously improve both ease of integration and expanded functionality to meet our customers’ needs now and in the future.”
(1) Gartner, Inc. “Hype Cycle for U.S. Healthcare Payers, 2019” by Jeff Cribbs, Bryan Cole, Mandi Bishop. 18 July 2019 (Prior to 2015, this report was previously titled “Hype Cycle for Healthcare Payers”)
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HealthEdge® provides modern, disruptive healthcare IT solutions that health insurers use to leverage new business models, improve outcomes, drastically reduce administrative costs and connect everyone in the healthcare delivery cycle. Our next-generation enterprise solution suite, HealthRules®, is built on modern, patented technology and is delivered to customers via the HealthEdge Cloud or onsite deployment. An award-winning company, HealthEdge empowers health insurers to capitalize on the innovations, challenges and opportunities that await in the new healthcare economy. For more information, visit http://www.healthedge.com.