Tuesday 15 April 2014

Health Insurance Exchange IT Industry Forecast

Health Insurance Exchange 

Health Insurance Exchange is marketplaces where people and small businesses can purchase health insurance. Any individuals may also use the Health Insurance Exchange to enroll in Medicaid. It is known as major healthcare reform and primary goal of Health Insurance Exchange to help more people get insured, improve health care quality and increase transparency of health care coverage costs.

Following are the functions of Health Insurance Exchange

  • Consumer Assistance
    • Provide support to consumer
    • Provide call center assistance
    • Management and Handling of Website
  • Plan Management
    • Analysis of available Plan
    • Plan Selection

  • Eligibility
    • Accept Insurance Application form
    • Verify information of application
    • Determine eligibility
    • Connect Medicaid eligible applicants to Medicaid

  • Enrollment
    • Enrollment of consumers into appropriate health plan
    • Advance payments of the premium tax credit 
  • Financial Management 
    • Risk management related to finance
    • User Fees Acceptance 
    • Maintain Financial Integrity


Consumers of Health Insurance Exchange

  • Individuals
         Any Individual
  • Small businesses
         Any Small industry where less than 50 employees are working

Health Insurance Exchange IT Industry 

One recent report published by MarketsandMarkets about Health Insurance Exchange IT Market forecast that the Health Insurance Exchange (HIX) IT market estimated at $1,609.7 Million in 2013 is expected to reach $2,656.4 Million by 2018, growing at ultimate CAGR of 10.5% from 2013 to 2018. Some leading companies in the health insurance exchange IT Industry are Accenture (Ireland), CGI Group, Inc. (Canada), Deloitte (U.S.), IBM Corporation (U.S.), Infosys (India), MAXIMUS (U.S.), Oracle Corporation (U.S.),Xerox Corporation Ltd. (U.S.), and other emerging players such as Connecture (U.S.), Cognosante (U.S.) etc.


          Health Insurance Exchange IT Industry, By Type, 2013–2018
                                             Image Source : MarketsandMarkets

For browse Health Insurance Exchange IT Industry Report Click Below:











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