Welcome!

News Feed Item

Amid Discontinuation of Federal Small Business Health Insurance Exchange, Softheon Offers a Risk-Free SaaS & BPaaS Solution for State Exchanges

STONY BROOK, N.Y., May 18, 2017 /PRNewswire/ -- Softheon, a leader in cloud-based health insurance exchanges, has announced that its proven Software-as-a-Service (SaaS) and Business-Process-as-a-Service (BPaaS) solutions can assist States looking to preserve their ability to offer small businesses affordable care options. The announcement follows the Center for Medicare and Medicaid Services' (CMS) decision to discontinue the Federally-Facilitated Small Business Health Options Program (FF-SHOP).

Softheon Logo (PRNewsFoto/Softheon)

Officials from CMS announced Monday that the agency would implement a FF-SHOP overhaul. Under the proposal, 33 FF-SHOP Exchanges would effectively shut down on January 1, 2018. As of January 2017, 7,554 employers had active SHOP coverage through the FF-SHOP, and covered 38,749 employees.

"Over two years ago, we predicted that the federal grants authorized by the Affordable Care Act (ACA) would not be available indefinitely to subsidize federal and state exchanges. Softheon has led the emergence of a new field of vendors – 'Exchange Operators' - that specialize in commercial software and operations for state exchanges, to support plan comparison and selection, enrollment, financial management, and other transactions," stated Eugene Sayan, Softheon Founder, CEO, and Chairman.

Since 2008, Softheon has played a critical role in establishing the nation's first state health benefit exchange. For 2017, the Softheon Cloud has been trusted by 37% of health insurers to manage 24% of ACA membership. Having attained this expertise, Softheon Government Solutions is uniquely qualified to partner with States currently utilizing the Federal HealthCare.Gov platform to operate their FF-SHOPs.

"By contrast with 2006, when the Massachusetts Health Connector commenced, or even 2011, when state and federal Marketplaces began to request proposals and contracts for IT development, a robust field of private Exchange Operators, such as Softheon now exist," added Jon Kingsdale, Ph.D., Senior Strategy Advisor at the Wakely Consulting Group. Dr. Kingsdale was appointed by Governor Mitt Romney to organize and lead the Massachusetts Health Connector in 2006, which serves as a model for health insurance exchanges under national health reform.

Last year, Softheon collaborated on HIX 2.0  Exchange Operator - A New Model for Marketplace Operations and Information Technology with Jon Kingsdale, Rosemarie Day, President of Day Health Strategies, who served as the Founding Deputy Director and Chief Operating Officer of the Commonwealth Health Insurance Connector Authority in Massachusetts, and Juan Montanez of Health Management Associates.

Providing its commercial off-the-shelf cloud-based SaaS & BPaaS solution, Softheon supports multiple sales channels, real-time enrollment & underwriting with standard and composite rating, integrated premium billing, bill presentment & payment, and analytical tools for employers, brokers, and health insurance carriers.

Sayan added, "Softheon recognizes the challenges and uncertainties that accompany CMS' decision. By migrating their FF-SHOP Exchanges to the Softheon Cloud, States seeking reprieve may retain their ability to serve their small business population. Softheon's FF-SHOP contingency option offers a minimal risk, 90-day implementation plan with full regulatory compliance."

About Softheon

Softheon strives to create simple solutions to complex problems. Our innovative and easy-to-use products have revolutionized the way everyday people control their healthcare needs. We played a critical role in building the nation's first state health benefit exchange in 2008. We have been recognized as a leading Software-as-a-Service (SaaS) & Business-Process-as-a-Service (BPaaS) platform by IDC, AHIP, ACAP and HCEG. Our vision is to empower state based marketplaces, healthcare payers, provider sponsored health plans, employers, and brokers to provide the ultimate member experience with our commercial off-the-shelf solutions delivered in under 90 days.

 

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/amid-discontinuation-of-federal-small-business-health-insurance-exchange-softheon-offers-a-risk-free-saas--bpaas-solution-for-state-exchanges-300460316.html

SOURCE Softheon

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
DevOps at Cloud Expo – being held October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real r...
SYS-CON Events announced today that Systena America will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Systena Group has been in business for various software development and verification in Japan, US, ASEAN, and China by utilizing the knowledge we gained from all types of device development for various industries including smartphones (Android/iOS), wireless communication, security technology and IoT serv...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo | @ThingsExpo, June 6-8, 2017, at the Javits Center in New York City, NY and October 31 - November 2, 2017, Santa Clara Convention Center, CA. Learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in compute, storage and networking technologies, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/...
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
SYS-CON Events announced today that CollabNet, a global leader in enterprise software development, release automation and DevOps solutions, will be a Bronze Sponsor of SYS-CON's 20th International Cloud Expo®, taking place from June 6-8, 2017, at the Javits Center in New York City, NY. CollabNet offers a broad range of solutions with the mission of helping modern organizations deliver quality software at speed. The company’s latest innovation, the DevOps Lifecycle Manager (DLM), supports Value S...
Cloud promises the agility required by today’s digital businesses. As organizations adopt cloud based infrastructures and services, their IT resources become increasingly dynamic and hybrid in nature. Managing these require modern IT operations and tools. In his session at 20th Cloud Expo, Raj Sundaram, Senior Principal Product Manager at CA Technologies, will discuss how to modernize your IT operations in order to proactively manage your hybrid cloud and IT environments. He will be sharing bes...
SYS-CON Events announced today that Twistlock, the leading provider of cloud container security solutions, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Twistlock is the industry's first enterprise security suite for container security. Twistlock's technology addresses risks on the host and within the application of the container, enabling enterprises to consistently enforce security policies, monitor...
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus intern...
While some vendors scramble to create and sell you a fancy solution for monitoring your spanking new Amazon Lambdas, hear how you can do it on the cheap using just built-in Java APIs yourself. By exploiting a little-known fact that Lambdas aren’t exactly single threaded, you can effectively identify hot spots in your serverless code. In his session at 20th Cloud Expo, David Martin, Principal Product Owner at CA Technologies, will give a live demonstration and code walkthrough, showing how to ov...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
The 21st International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Machine Learning 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 busin...
SYS-CON Events announced today that Enzu will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive ad...
This talk centers around how to automate best practices in a multi-/hybrid-cloud world based on our work with customers like GE, Discovery Communications and Fannie Mae. Today’s enterprises are reaping the benefits of cloud computing, but also discovering many risks and challenges. In the age of DevOps and the decentralization of IT, it’s easy to over-provision resources, forget that instances are running, or unintentionally expose vulnerabilities.
Everywhere we turn in our industry we can find strong opinions about the direction, type and nature of cloud’s impact on computing and business. Another word that is used in every context in our industry is “hybrid.” In his session at 20th Cloud Expo, Alvaro Gonzalez, Director of Technical, Partner and Field Marketing at Peak 10, will use a combination of a few conceptual props and some research recently commissioned by Peak 10 to offer a real-world consideration of how the various categories of...