Welcome!

News Feed Item

SeeChange Health Records Award-Winning, Banner 2013

With revenue growth over 230%, as well as awards from Fast Company and Inc. magazines among others, 2013 proves remarkable year for company focused on improving health outcomes

SAN FRANCISCO, Jan. 14, 2014 /PRNewswire/ -- On December 31st SeeChange Health, closed an enviable year growing revenues over 230% in 2013. At the same time the company and its leadership were recognized by Fast Company magazine, Inc. magazine, Goldman Sachs and the W.K. Kellogg Foundation.

SeeChange Health has two fully owned subsidiaries, SeeChange Health Solutions and SeeChange Health Insurance.

SeeChange Health Solutions offers Software as a Service (SaaS) platform to employers and health plans, delivering clinical and behavioral economic-based solutions that improve health and lower healthcare costs. In 2013, SeeChange Health Solutions grew its paid membership to 1.4 million. The company launched a series of new initiatives in 2013, including unveiling a next generation, value-based care planning product that integrates with a variety of third-party pricing transparency tools. Research published last year reported significant improvements in critical biometric measures, a 15% reduction in hospital admits, and a reduction in hospital readmissions of over 50%.

SeeChange Health Insurance offers medical coverage to small and midsize groups in California and Colorado. In 2013, the company increased revenues by nearly 300% to over $120 million and its insured membership by more than 170% from the previous year. SeeChange Health Insurance incorporates the SeeChange Health Solutions platform in its entire product offerings, which enabled it to assist thousands of members uncover and better manage chronic health conditions such as diabetes, heart disease and asthma.

SeeChange Health's unique and disruptive approach to health care and medical insurance won it widespread recognition. The company placed number 20 on Fast Company's "World's 50 Most Innovative Companies 2013" and ranked 857th on the Inc. 5000 list maintained by Inc. magazine.  SeeChange Health's "What Are Value-Based Benefits?" video was named the Best Insurance Online Video in their Internet Advertising Competition and the company's CEO, Martin Watson, was recognized by Goldman Sachs as one of the "Most Intriguing Entrepreneurs of 2013." Also in 2013 the W.K. Kellogg Foundation invested in SeeChange Health in furtherance of the foundation's commitment to improving the health and well-being of vulnerable children and families.

"Our accomplishments in 2013 reflect the hard work and passion of the effective and committed team we've assembled at SeeChange Health," said CEO Martin. "But we're not looking backward. 2014 will be a breakthrough year for the company. Both companies have a robust pipeline of innovative product solutions that will be deployed into the marketplace and tangibly improve the health of our members. These efforts will result in continued trends of topline revenue growth, increased membership and profitability."

Watson sees continued growth for SeeChange Health in 2014 and beyond. "SeeChange Health Solutions will leverage our experience to expand into emerging markets. SeeChange Health Insurance will build on their success offering fully-insured health plans in California and Colorado and will launch a portfolio of creative self-insured products in 2014."

"Our track record has been encouraging and the recognitions rewarding," Martin added. "But our best years lie ahead and we're excited about seizing the opportunities it provides us."

About SeeChange Health

SeeChange Health delivers plans, technology and services aimed at creating better health and lowering health care costs by encouraging individuals to play an active role in managing their health to prevent, detect and treat serious health conditions. SeeChange Health Solutions provides clinical and behavioral economic based solutions that improve health and deliver returns to employers and health plans. SeeChange Health Insurance provides PPO plans delivering improved health outcome to employer groups in California and Colorado.  For more information, please visit www.SeeChangeHealth.com

Media Contact:

Susan Cotton
818-824-9164
Email

Read more news from SeeChange Health.

SOURCE SeeChange Health

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
"Qosmos has launched L7Viewer, a network traffic analysis tool, so it analyzes all the traffic between the virtual machine and the data center and the virtual machine and the external world," stated Sebastien Synold, Product Line Manager at Qosmos, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, discussed why and how ReadyTalk diverted from healthy revenue and mor...
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service. In his session at 19th Cloud Exp...
As data explodes in quantity, importance and from new sources, the need for managing and protecting data residing across physical, virtual, and cloud environments grow with it. Managing data includes protecting it, indexing and classifying it for true, long-term management, compliance and E-Discovery. Commvault can ensure this with a single pane of glass solution – whether in a private cloud, a Service Provider delivered public cloud or a hybrid cloud environment – across the heterogeneous enter...
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
@DevOpsSummit taking place June 6-8, 2017 at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @DevOpsSummit at Cloud Expo New York Call for Papers is now open.
"We are a leader in the market space called network visibility solutions - it enables monitoring tools and Big Data analysis to access the data and be able to see the performance," explained Shay Morag, VP of Sales and Marketing at Niagara Networks, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor - all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
"We are a modern development application platform and we have a suite of products that allow you to application release automation, we do version control, and we do application life cycle management," explained Flint Brenton, CEO of CollabNet, in this SYS-CON.tv interview at DevOps at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Amazon has gradually rolled out parts of its IoT offerings in the last year, but these are just the tip of the iceberg. In addition to optimizing their back-end AWS offerings, Amazon is laying the ground work to be a major force in IoT – especially in the connected home and office. Amazon is extending its reach by building on its dominant Cloud IoT platform, its Dash Button strategy, recently announced Replenishment Services, the Echo/Alexa voice recognition control platform, the 6-7 strategic...
Regulatory requirements exist to promote the controlled sharing of information, while protecting the privacy and/or security of the information. Regulations for each type of information have their own set of rules, policies, and guidelines. Cloud Service Providers (CSP) are faced with increasing demand for services at decreasing prices. Demonstrating and maintaining compliance with regulations is a nontrivial task and doing so against numerous sets of regulatory requirements can be daunting task...
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
"This is specifically designed to accommodate some of the needs for high availability and failover in a network managed system for the major Korean corporations," stated Thomas Masters, Managing Director at InfranicsUSA, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.