November 11, 2011 08:10 ET

hCentive Introduces WebInsure Private Exchange-A Comprehensive Private Exchange Solution for the Healthcare Industry

RESTON, VIRGINIA--(Marketwire - Nov. 11, 2011) - hCentive, Inc. a leading health insurance technology company, today announced the release of its WebInsure Private Exchange solution for the healthcare industry.

WebInsure Private Exchange offers companies in the healthcare industry a complete, affordable and scalable Exchange solution that allows them to offer employers and employees access to multiple sellers and health plan options through a marketplace. Employers control their spending on employee benefits by offering a defined contribution plan and provide employees a simple and user-friendly interface to manage their employer sponsored benefits.

The solution has the ability to manage eligibility and enrollment, recommend plans, manage payments and billing for employers, employees, brokers and administrators, upsell and cross sell other ancillary and wellness products.

Tarun Upadhyay, CTO of hCentive says, "With the launch of WebInsure Private Exchange, we at hCentive have once again reaffirmed our status as leaders and innovators in the health care technology space. Our customers will be able to harness this powerful solution to successfully service their customers, manage all of the players in the health insurance space and significantly boost business."

About hCentive

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 PPACA. hCentive has developed a deep understanding of the healthcare reform and have created 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 a defined contribution plan marketplace to small business customers. WebInsure State platform helps states create a health benefits exchange to comply with health insurance exchange requirements of the Patient Protection and Affordable Care Act of 2010.

Contact Information