Reston, VA (PressExposure) May 18, 2012 -- hCentive, Inc. announced today it has been selected as a Finalists for Red Herring's Top 100 Americas award, a prestigious list honoring the year's most promising private technology ventures from the North American business region.
The Red Herring editorial team selected the most innovative companies from a pool of hundreds from across North America. The nominees are evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their respective industries.
"This year was very rewarding," said Alex Vieux, publisher and Chairman of Red Herring. "There are so many great companies producing truly innovative and amazing products and technologies. We had a very difficult time narrowing the field and selecting the Finalists from such a group of future stars. hCentive shows great promise therefore deserves to be on the short list. Now we are faced with the difficult task of selecting the Top 100 winners."
"hCentive is committed to providing leading-edge technology solutions to its clients. Our on-demand, highly customizable healthcare insurance solutions are powering large health insurance clients and are being implemented by a number of states. This nomination is a validation of our impact in the healthcare insurance industry and we are pleased that our company has been chosen as a Red Herring North America finalist." said Manoj Agarwala, President & COO of hCentive, Inc.
Finalists for the 2012 edition of the Red Herring 100 Americas award are selected based upon their technological innovation, management strength, market size, investor record, customer acquisition, and financial health. During the several months leading up to the announcement, hundreds of companies in the, security, Web 2.0, software, hardware, life sciences, cloud, mobile and other sectors completed their submissions to qualify for the award.
The Finalists are asked to present their winning strategies at the Red Herring Americas Forum in Santa Monica, California, May 21-23, 2012. The Top 100 winners will be announced at a special awards ceremony the evening of May 23 at the event.
hCentive is in the business of simplifying the complex world of health insurance. hCentive provides technology solutions for health insurers and state health agencies. These solutions help them reduce cost and administrative complexity, while enhancing relationships with their customers.
hCentive is the first organization to build an exchange solution from the ground-up post the PPACA. hCentive has developed a deep understanding of the healthcare reform and have created solutions and services that align with federal and state regulations and meet or exceed all industry standards.
The hCentive WebInsure Consumer, WebInsure Group, WebInsure Private Exchange and WebInsure Medicare platforms help health insurers cost effectively acquire and manage individual, group and Medicare customers. WebInsure State platform helps states create a health benefits exchange to comply with health insurance exchange requirements of the Patient Protection and Affordable Care Act of 2010. The WebInsure Exchange Manager provides a complete connectivity solution for health plans to connect to State Exchanges.