Company Reports Significant Revenue Growth Resulting from New Customers and Successful Go-Lives
HealthEdge®, provider of the only integrated financial, administrative and clinical platform for health insurers, today announced the addition of millions of lives under management on HealthRules®, resulting from both newly signed health plans and successful implementations of numerous customers in the first half of 2019. This momentum is a continuation of strong sales success in 2018 and comes as HealthEdge continues to receive industry recognition as the leader in Core Administrative Processing Systems (CAPS) and as a next-generation CAPS vendor. As a result of this industry and customer driven momentum, the company achieved 21 percent growth in its annual reoccurring revenue (ARR) in calendar year 2018 and expects ARR to grow by an additional 35 percent in 2019.
"We continue to welcome health insurers of all sizes, geographies and lines of business into the HealthEdge family," said Steve Krupa, CEO of HealthEdge. "These payers are part of the mainstream movement adopting the modern infrastructure of HealthRules to ensure resiliency to all types of ongoing changes in the market. Many of our customers report unprecedented success with operational and quality metrics that deliver them a competitive advantage and directly associate this success to their use of HealthRules."
Specific company milestones include:
HealthEdge recently concluded its annual user conference, with record attendance among both customers and sponsor partners. The company shared its strategic vision for the future, solicited customer input on a variety of topics through listening sessions and agile workshops, and exposed customers to new perspectives from across the industry. Customers provided positive feedback on the event, many of whom sent large teams to cover the variety of sessions and conference offerings.
About HealthEdge 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.
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Amanda Griffith Bumble PR 617-851-8335 amanda@bumblepr.com Melissa O'Dowd HealthEdge 781-285-1300 modowd@healthedge.com