March 16, 2010 – HealthConnect Systems, the leading online network for buyers and sellers of health insurance and employee benefits, today announced that SeeChange Health, America’s first value-based health insurance company, has selected the company’s Sales Automation Portal for real-time broker quotes and proposals. In addition, the partnership gives brokers who are offering SeeChange Health the ability to review commission statements, access policy information and perform network analysis.
SeeChange Health’s value-based plan designs will be placed on HealthConnect’s multi-carrier quoting system, enabling brokers to easily compare SeeChange Health’s plan designs to traditional medical plans. As a participant on HealthConnect’s multi-carrier network, SeeChange Health will also have access to CarrierConnect, HealthConnect’s market intelligence tool that allows carriers to perform competitive assessments for plans and rates, gain market intelligence about plan designs and structures most commonly quoted in the market, as well as run network and trend analyses.
“We are launching SeeChange Health in California next week, and we have an aggressive plan in place to quickly enter additional states,” said Martin Watson, CEO of SeeChange Health. “It is vital for health care brokers to have access to quoting technology that can be rapidly implemented in any state, regardless of rating structures or other unique requirements. HealthConnect provides us with access to a tremendous broker user base and highlights the strength of our value-based benefit plans, while giving us insight into the effectiveness of our plan design.”
“We are pleased to be partnering with SeeChange Health,” said Peter Everett, President and CEO of HealthConnect Systems. “We believe our unique combination of capabilities will enable them to achieve a strong ROI on their investment with us and allow the strength of their value-based benefit designs to be easily understood by all market participants.”
About SeeChange Health
SeeChange Health provides fully-insured, value-based health insurance to employer groups. The company combines value-based benefit designs, data analytics and an interactive personal health record to consistently improve the health profile of individuals. Preventive health actions are assigned and tracked at an individual level. Individuals with disease states such as pre-diabetes, diabetes, asthma and heart disease receive specific health actions based on their medical condition. SeeChange Health is headquartered in San Francisco and is focused on reducing health care costs through proactive health management and early detection of health conditions. Contact us: www.seechangehealth.com.
About HealthConnect Systems
HealthConnect, www.healthconnectsystems.com, is the leading online network for buyers and sellers of health insurance and employee benefits. HealthConnect’s state-of-the-art online quoting portal enables medical and ancillary carriers as well as service providers to increase sales, reduce customer acquisition costs and obtain actionable market intelligence about their broker distribution channel. Health insurance agents can reduce costs through automation and increase sales through competitive differentiation and increased retention, and employers and employees can eliminate the administrative burden of working with multiple providers through separate systems. Since 1993, HealthConnect has successfully completed over 50 carrier implementations. HealthConnect’s network processes 10,000 quote requests per day from 6,700 agents across nineteen states. HealthConnect has offices in Norwalk, CT, Bohemia, NY, Fresno, CA and Pasadena, CA.