HealthEdge, a provider of an enterprise-class software platform for healthcare payors, this week announced that its HealthRules product suite was voted Best New Technology in the insurer category by healthcare executives who attended the 2009 Healthcare IT Summit last week in La Quinta, Calif. This is the second time in three years that industry experts at this prestigious event have selected HealthEdge for a Healthcare IT Innovation Award.
The Healthcare IT Innovation Awards are given in nine categories—four of which are devoted to insurer-based offerings. Hundreds of senior executives attending this year’s Summit completed confidential ballots to select the award winners after previewing and learning about new products and services in private boardroom appointments. The event brought together top industry analysts, executives from many prominent healthcare insurer and provider organizations, and a number of leading technology vendors for collaborative discussions related to pressing business and IT issues, best practices and the latest tools and technology.
Ray Desrochers, COO of HealthEdge said, “The first-of-its-kind Benefit Predictor capability that was demonstrated at this year’s conference is now included as a standard part of HealthRules Payor. It provides HealthEdge clients with a significant competitive advantage related to both transparency and customer service by enabling them to quickly and easily answer even the most complex benefit questions from their members and providers.”
The patented, one-of-a-kind HealthRules software suite is said to allow healthcare payors to rapidly respond to new business opportunities and market changes—in hours, not weeks or months—while reducing costs and increasing operational efficiencies. This, according to the company, also allows organizations using the HealthRules platform to compete more effectively in the emerging consumer-centric healthcare marketplace, as they can now quickly offer the innovative products that the market demands.
HealthEdge is a privately owned software company based in Burlington, Mass. Its lead investor, Psilos Group, is a venture capital firm that is focused on providing venture and growth capital to innovative companies operating in the healthcare economy.
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