News Article | May 18, 2017
Earlier this month, the U.S. House of Representatives narrowly passed the American Health Care Act (AHCA), a piece of legislation that, if signed into law, is likely to impact the health care coverage of nearly every American, including the 50% of Americans who receive insurance through their employers. Now it’s the Senate’s turn to take up the bill. While it’s been suggested that the measure will likely see major revisions there, as it stands, it’s wildly unpopular. A remarkable coalition of doctors, civic organizations, and health care industry interest groups has opposed its passage, as has nearly every major health insurer in our country. As the bill stands, it will cause tens of millions of Americans to lose insurance–through cuts to Medicaid and various regulatory rollbacks, including protections for pre-existing conditions–while cutting taxes for high earners. But the AHCA’s impact on employers would go further than even the Congressional Budget Office predicted when it analyzed the bill in March (the agency has yet to publish a report on the version passed by the House). We spend a lot of time thinking about employee health benefits as part of our day-to-day roles; Laszlo spent more than 13 years building industry-leading health benefits programs at GE and Google, and Ali, after enduring a freak medical emergency and getting stuck with $200,000 in uncovered medical expenses, founded a company to give self-insured employers more control and flexibility in the coverage they offer employees. We’ve read the bill and have come to the same conclusion: If the employer-specific elements of the AHCA become law, American companies will be faced with a difficult decision: They’ll either limit the scope of health care coverage they provide in order to save money today, knowing that will likely lead to higher costs down the road, or they’ll decide to pay more in the near-term for health care in hopes of significantly better outcomes (and consequently lower costs) in the long run. It’s a choice between taking a little medicine now or a lot later. The law basically incentivizes the shortsighted option, which will be disastrous for employers and employees alike. Health coverage is a major cost for American employers. Today, they spend a total of $1.2 trillion per year and cover more than 90% of our country’s private health care costs. The Affordable Care Act’s mandates, along with the rise of high-deductible health plans over the last decade, have together succeeded in helping control medical cost inflation. The ACA model is far from perfect, but it was meant to encourage smarter health care spending without comprising preventive care and essentials like emergency room visits, maternity care, and behavioral health coverage. And to a considerable degree, it’s worked as intended. But if the AHCA passes, this model would be jettisoned. Employers won’t be required to provide a federally mandated minimum level of coverage to employees and their dependents, thanks to a loophole letting them adopt the plan requirements of any state. That means a company in one state can cherry-pick from another state with more lenient essential benefits requirements. For example, an employer could choose to not cover behavioral health or maternity care by adopting the coverage requirements of a state that doesn’t mandate those forms of coverage–even if the employer doesn’t operate there. Over the long term, this can increase the overall cost of health care as people wait longer for or avoid treatment to save money, and ultimately get sicker. At the same time, the bill that passed the House addresses neither the underlying drivers of health care costs nor how employers, as a powerful buying group, can be leveraged to drive those costs down. That could mean enabling employers to deregulate access to clinical care, for instance, or giving them more power to negotiate bulk drug pricing, or even just adding incentives to promote healthy behaviors among their workforces. But the AHCA does nothing of the kind. Instead, it removes a powerful incentive for employers to provide better care to employees. That’s not only a short-sighted approach to controlling costs, it’s actually one that we believe will ultimately drive them up much more significantly over the long run. Tax Credits That Hurt Women And Help The Wealthy One of the more confusing aspects of the AHCA as it stands is its impact on the tax advantages–for both employers and employees–that incentivize businesses to offer health care coverage. In particular, the bill appears to redefine what a qualified health plan is without providing much detail about what that actually means. One detail, however, is clear: Employers whose plans cover abortion costs will lose eligibility for tax credits. This will mostly affect the plans of smaller employers, which depend on those credits to offer insurance to employees, but the message for working women is clear and frightening. The change would clearly disadvantage women in the workplace and further reinforce the gender stereotypes that we as a country have spent decades trying to undo. This sexist ethos extends to other parts of the bill that don’t directly affect employers; the AHCA would also let insurance companies charge patients significantly more based on medical histories that include postpartum depression, Cesarean sections, or issues stemming from sexual assault. At the same time, another group stands to gain handsomely from the AHCA’s tax treatment: highly paid executives. The bill bizarrely changes rule 162(m), which limits the tax deductibility of salaries greater than $1 million for public companies. That’s a massive gift to highly compensated executives and CEOs, whose companies would no longer face tax hits for paying them more than $1 million every year. What that has to do with health care is a mystery to us. Employers Have An Important Decision To Make While the Senate reshapes the AHCA in the days and weeks ahead, employers are already facing an urgent conundrum; they’re in the midst of planning a 2018 health benefits year without a clear picture of the federal and state laws that will guide them. If the AHCA does become law, they’ll also likely face an ethical and business dilemma: Should they reap the immediate economic benefits the AHCA would hand them, or keep investing in their employees’ health? It’s nice to imagine that employers will continue to provide at least the same level of benefits to their employees, if not actually spend more to protect the long-term health and productivity of their workforce, but many surely won’t. The reality is that the opportunity to lower costs may be too good to pass up. Collective Health recently polled more than 150 benefits leaders and found that nearly 40% were exploring new benefits solutions with the primary goal of driving down health care investment costs. These weren’t all struggling startups, either. Even successful, cash-rich technology and financial services employers–which typically provide some of the most generous benefits packages in the U.S.–have gradually begun covering a lower share of employees premiums as health care costs have risen steadily over the last decade. When weighing the decision, it’s important to focus on the word “investment.” Yes, health care is expensive, and controlling costs is a real, pressing issue for everyone involved. But as research has long confirmed, healthy employees are critical to long-term business performance; they’re happier, better engaged, and more productive. Employees also see health benefits as a major part of their compensation packages, making it a key element in where they decide to work. So if you want to attract, retain, and get the most out of the best and the brightest talent, reducing health care coverage is simply a risky strategy. Unfortunately, it’s the one the AHCA seems to want employers to adopt. Whatever the fate of the legislation, though, employers will still have to decide whether to make near-term cost reductions, or to build workforces of happy, healthy employees who trust that they’re cared about for the long haul. As CEOs of our own respective companies, and as executives who’ve been entrusted with the welfare of the people we serve, that choice is easy. Laszlo Bock is the CEO of Humu, Inc as well as the author of Work Rules! and former SVP of People Operations at Google. Ali Diab is cofounder and CEO of Collective Health.
News Article | May 30, 2017
SAN FRANCISCO--(BUSINESS WIRE)--Collective Health today announced Adam Kovalevsky has joined the company as senior vice president of product development. Adam will lead Collective Health’s growing design, engineering and product teams as they continue to innovate across the company’s technology and services platform that gives companies a smarter, member-focused alternative to traditional employer health insurance offerings. “Adam has been at the forefront of building products that change the way Fortune-500 businesses operate and deeply understands the challenges of building and scaling enterprise-grade software and teams in hypergrowth environments,” said Ali Diab, CEO of Collective Health. “As we enter our next stage of growth, I am thrilled to work alongside Adam in building the platform that will radically change the way companies and their employees access and experience their benefits in a rapidly evolving healthcare ecosystem.” Collective Health’s cloud-based, integrated enterprise software platform streamlines multiple legacy technology systems and serves as the health benefits backbone for American employers, who spend more than $1.2 trillion a year on healthcare for their people. The platform has experienced rapid adoption in just three years, with 15 leading employers—including Activision Blizzard, Palantir and RedBull—replacing incumbent systems and providers with Collective Health. The company has helped benefits teams from each organization increase health program engagement by 2X, reduce inquiries by up to 60% and save upwards of $1 million on healthcare costs without sacrificing employee satisfaction. Collective Health boasts an industry-leading Net Promoter Score of 76, fueled by compassionate personal support and convenient digital tools that make understanding, navigating and paying for care effortless for its 75,000+ employee members. “Health benefits is the last major area within the enterprise that hasn't been completely revolutionized by software,” said Kovalevsky. “It’s astonishing—healthcare is not only a company’s second largest cost, it’s also incredibly important in taking care of your workforce. Joining Collective Health gives me the unique opportunity to work on an exciting technology challenge while actually helping everyday people have a better healthcare experience.” Kovalevsky has more than 20 years of experience building and scaling products that have been adopted by enterprises of all sizes—from the Fortune 500 to SMBs—and managing large, global product and engineering teams. Most recently, he served as the executive vice president of product and engineering operations at SAP SuccessFactors, overseeing a team of 1900. Prior to that, Kovalevsky held executive roles at Oracle, PeopleSoft and eMeter Corporation. Adam joins an experienced leadership team, with executives from Google, Stanford, Blue Shield and Square. In just the last 18 months, Collective Health has hired chief financial officer Kenneth Hahn, chief operating officer Roy Gilbert, senior vice president of sales and client success Jeff Hermosillo, and senior director of clinical and network solutions Dr. Andrew Halpert. The company also recently appointed Humu CEO and former Google senior vice president of people operations Laszlo Bock to its advisory board. Collective Health gives companies a smarter way to provide healthcare coverage through technology and design. Powered by a platform that connects and administers the entire benefits ecosystem—health plans, benefits programs, spending accounts, employee support—their solution delivers an effortless experience for everyone. Focused on serving the 170 million+ Americans who receive healthcare coverage from their employers, the Collective Health platform has been selected by leading U.S. employers including Activision Blizzard, Crossfit, Palantir, Red Bull and Zendesk. Founded in October 2013, Collective Health is backed by NEA, Founders Fund, Google Ventures and other leading investors. The company is headquartered in San Francisco, Calif. For more information, visit https://www.collectivehealth.com.
News Article | August 10, 2017
SAN FRANCISCO--(BUSINESS WIRE)--Collective Health today announced Hope Kragh has joined the company as vice president of client success. Kragh will lead a growing team focused on delivering industry-leading support for Collective Health’s rapidly growing client base, which includes employers providing some of the most progressive health benefits in the U.S. In 2017, Collective Health more than doubled the number of employer clients and employee members on its platform, adding companies including eBay, Crossfit, Red Bull, Jazz Pharmaceuticals, Counsyl and Trace3. The company now provides a smarter alternative to traditional health benefits for 15 clients and more than 80,000 members across all 50 states and Puerto Rico. “We’re thrilled our platform and unparalleled member experience is seeing such rapid adoption from leading companies across the U.S. As we continue to grow, our clients’ success and members’ happiness is paramount,” said Ali Diab, CEO of Collective Health. “I can’t think of a leader better suited than Hope to help employers get the most from their health benefits. She has an outstanding track record with some of the nation’s top healthcare organizations, has built and led dynamic teams, and understands the various challenges companies of all sizes face trying to navigate a fragmented, complex benefits ecosystem.” Kragh has more than 30 years of experience in healthcare, primarily working with employers to develop strategic benefits and employee healthcare programs. Most recently, she served as director of national accounts for Anthem Blue Cross and led a high performance team focused on Fortune 50 companies and the challenges they face in managing their corporate healthcare costs. Prior to Anthem, Kragh held sales and account management positions at UnitedHealth and Cigna. Kragh is also an active participant in the healthcare initiatives driven by industry policy organizations such as Pacific Business Group on Health, Silicon Valley Employers Forum and the Purchaser Value Network Council. “For years, employers have struggled to get their employees to engage with their health benefits,” said Kragh. “I was drawn to Collective Health by the company's relentless commitment to re-imagine the healthcare experience. By creating an innovative, new approach to navigate this complicated healthcare system, we are helping our clients achieve better engagement and much higher satisfaction levels. It's exciting to work with such an extraordinary team that is so passionate about designing solutions that help our clients take better care of their people.” Kragh is joining a rapidly growing executive team that includes experienced leaders from Blue Shield, UnitedHealthcare, Google, SAP, Castlight Health and the Stanford University School of Medicine. Collective Health gives companies a smarter way to provide healthcare coverage through technology and design. Powered by a platform that connects and administers the entire benefits ecosystem—health plans, benefits programs, spending accounts, employee support—their solution delivers an effortless experience for everyone. Focused on serving the 170 million+ Americans who receive healthcare coverage from their employers, the Collective Health platform has been selected by leading U.S. employers including Activision Blizzard, Crossfit, Palantir, Red Bull and Zendesk. Founded in October 2013, Collective Health is backed by NEA, Founders Fund, Google Ventures and other leading investors. The company is headquartered in San Francisco, Calif. For more information, visit https://www.collectivehealth.com.
News Article | May 9, 2017
Platform Now Covers Over One Million Lives Across Several Dozen Large Employers SALT LAKE CITY, UT--(Marketwired - May 09, 2017) - Artemis Health, a health data analytics company, raised $8.3 million in Series A funding to empower employers with needed transparency and insights into their benefits data in order to provide better benefits to its workforce. Maverick Ventures, a leading funder of health technology startups such as Castlight Health, Collective Health and One Medical Group, led the financing in late 2016. "Data is at the heart of business decision making, but employers struggle to access actionable, up-to-date data on what they spend on employee healthcare," said Grant Gordon, CEO of Artemis Health. "We've been busy putting this funding to work to grow our incredible team, reach more clients, make the Artemis Platform more powerful, and ensure that our customers can easily capture the value in their data. We're well-positioned to lead the complex work of reducing healthcare costs for employers and employees." For most large, self-insured employers, approximately 30 percent of their healthcare dollars could be considered waste. These employers have traditionally turned to data warehouses to run complex, time-consuming and hard-to-understand reports. Artemis Health solves this problem and gives employers insight into their spending. The Artemis platform helps self-insured employers identify overspending and gaps in care, find solutions, and measure results to ensure that their employees get the best possible care at the best possible price. Artemis Health launched in 2013 when founders Grant Gordon, Dallin Regehr and Dallen Allred saw a need for employer-facing data analytics software in a user-friendly package. The funding round also added board member Ashok Subramanian, former co-founder and CEO of Liazon and the head of the Group Exchange business at Willis Towers Watson, to the Artemis Health team. "We invested in Artemis because it gives benefit managers and brokers an elegant, easy-to-use platform that helps them identify areas of overspending, quickly take action, and evaluate the potential of future benefits offerings," said Ambar Bhattacharyya, Managing Director at Maverick Ventures, who has also recently joined the Artemis Board of Directors. "Benefit managers are inundated with choice, and Artemis allows them to determine the ROI of the programs that are actually working. The reaction has been overwhelming; the customer satisfaction is off the charts." Artemis Health now serves over 20 large employers with more than a million covered employees. Artemis Health helps companies utilize their data to optimize their benefits programs while minimizing their spend. The Artemis Platform provides customers with actionable data on their benefits programs, opportunities and gaps, and easy-to-use tools to help them make great decisions. By making it easy for self-insured employers to use their own benefits data, our mission is to help fix healthcare in America and ensure access to good healthcare everyone can afford. Based in Salt Lake City, Artemis Health works with dozens of employers nationwide including Intuit, GE Appliances and AAA. Discover more at www.artemishealth.com. Maverick Capital is a global investment firm that has been investing in early stage companies for over 20 years. By working with Maverick Ventures, entrepreneurs get the best of both worlds -- a focused, agile team of venture partners -- and the resources, reputation and relationships of a multi-billion dollar fund. Maverick Ventures invests through an evergreen structure that allows it to support entrepreneurs for an indefinite time horizon. Learn more about Maverick Ventures at http://www.maverickventures.com/.
News Article | March 1, 2017
SAN FRANCISCO--(BUSINESS WIRE)--Healthcare coverage technology leader Collective Health today announced that since welcoming its first client in January 2014, it has grown its membership 500x and secured increasing demand for its integrated health benefits platform with high growth, enterprise clients across a variety of verticals, including technology, financial services, aerospace and consumer packaged goods. In the past year alone, Collective Health has doubled its membership to 70,000 employee and dependent lives across 15 employer clients. In light of its significant growth, the company has brought on new commercial leaders, including its first chief financial officer, and is introducing an innovative new product to drive improved experience and efficiencies into the $1.2 trillion employer healthcare market. Accelerated growth in enterprise market, and a new standard for Net Promoter Score Since its first year of sales focused on selling to the sub-500 employer market for the January 2014 plan year, Collective Health has rapidly moved up market, securing a majority of deals with an average member size of 5,000. Employers are drawn to Collective Health because of its unique integrated technology and services health plan solution, which is focused on dramatically improving employees’ experience with their health plan, while ensuring employers’ healthcare spend drives ROI. “We have spent the past three years singularly focused on creating the healthcare experience we all deserve, and that vision has reverberated across the large enterprise market,” said Ali Diab, co-founder and chief executive officer of Collective Health. “In addition to our sales momentum that has captured the attention of enterprise employers, we continue to attract and retain a deeply experienced leadership team and pioneer innovative products driven by technology and design to take better care of employers and their people.” As of January 2017, Collective Health’s new clients, which include Counsyl, Cloudera, CrossFit, Red Bull, Jazz Pharmaceuticals, Trace3 and others, have chosen to move their health plans to the Collective Health platform because of the real opportunity to drive performance and innovation in their health benefits program, while simultaneously offering a superior experience for their people. Hitting a year-to-date Net Promoter Score (NPS) of 75 across its clients, comparable with consumer technology standouts like Apple (72), Netflix (68) and Amazon (62)1, it’s not surprising that such a diverse range of companies have joined return employer clients including Activision Blizzard, Palantir, Zendesk and others. To support its momentum, Collective Health has broadened its leadership bench, hiring Kenneth (Ken) Hahn as chief financial officer and adding former senior vice president of people operations at Google, Laszlo Bock, to its advisory board. Ken has served as chief financial officer for three public companies where he led two successful IPOs. Most recently, he served as chief financial officer at Icontrol Networks that announced the signing of a successful sale of the company to Comcast and Alarm.com in a complex deal. "I was initially drawn to Collective Health because of their incredible vision to make healthcare accessible for everyone," said Ken Hahn, chief financial officer, Collective Health. "After meeting their world-class leadership team and leading investors, as well as seeing the quality and breadth of employers engaged on their platform, I jumped at the opportunity to be a part of this passionate group of people and to help scale company operations so that we can continue executing against that vision and take care of even more lives." Laszlo has been credited with transforming Google’s workforce and culture, and during his tenure, Google was named the “Best Company to Work For” more than 30 times in multiple publications around the world and received over 100 awards as an employer of choice. In 2010, he was named "Human Resources Executive of the Year" by HR Executive Magazine. Both Ken and Laszlo will bring their deep industry expertise and perspective to our team as the company continues to execute against its mission of simplifying healthcare. "One of the most pressing issues today for employers, individuals and our nation is healthcare: how can we improve it to save even more lives, while also reducing costs and delivering a more human and compassionate experience. To me, no one is tackling these issues more effectively or cohesively than Ali and his team at Collective Health,” said Laszlo Bock, advisor, Collective Health. "Their mastery of data science, the healthcare system and how they help employers take care of their people is unrivaled. Not only are they solving incredibly tough problems, but they're building an amazing company culture while they do it. It’s an honor to join as an advisor to support their team and mission." These announcements follow the recent executive hires of chief operating officer, Roy Gilbert, senior vice president of sales and client success, Jeff Hermosillo and senior director of clinical and network solutions, Dr. Andrew Halpert. Jeff has been responsible for quickly building out Collective Health’s sales function, hiring tenured regional vice presidents to scale Collective Health nationally with experience from Cigna, Aetna and Blue Shield of CA. As part of today’s news, Collective Health is announcing the release of its member-focused beta product: CareX. Currently being piloted in a private beta with select clients and their 15,000+ members, CareX is a new addition to the Collective Health platform that uses full stack data and machine learning to identify and proactively connect members with the care they need. The product was created to reduce the confusion, fear and frustration most Americans face when dealing with a complex care issue such as maternity, behavioral health and diabetes, as well as close the engagement gap employers see with their existing health plan and benefits programs. In the last three months of its beta, CareX has been live with 15,000+ members and has already fueled a 2x increase in program engagement, thanks to Collective Health’s unique, technology-enabled approach that utilizes data from disparate sources combined with personalized, premium member support. “As a tenured benefits leader, Activision Blizzard offers a wealth of great benefits for health and wellness, fertility, compassionate leave and more,” said Milt Ezzard, senior director of global benefits for Activision Blizzard. “But this innovation only makes a difference if employees understand the programs and how to use them. That’s why I’m so excited to be part of the Collective Health CareX beta. With CareX, we can be confident that we’re offering the right benefits in the right way. CareX also provides great data on the impact of our benefits spend, so that we can continue to invest strategically in employees.” Integrated on top of Collective Health’s existing claims and member experience technology platform, CareX is an intelligent system that uses three steps to integrate population data as well as member-specific claims and queries with a high-touch, personalized Care Navigation experience to simplify members’ care journeys. Each new cycle combines utilization results, experience feedback, clinical impact data and evolved algorithms to refine our ability to connect the right person to the right program at the right time. For more complex conditions, a primary goal of CareX is to connect members with a Collective Health Care Navigator who personally helps members navigate their coverage, programs and unique care needs, using the intelligence within the CareX system. CareX also gives employers a more powerful set of tools to analyze and optimize their benefits ecosystem, member impact and associated investment. An example of how CareX might work is if a member has a complex oncology case. CareX will identify that member, engage that member in the CareX and case management programs as appropriate, as well as guide the member through additional services that can drive better outcomes such as a second opinion service. Collective Health's deep integrations with partners allow for a more seamless navigation and tracking of members throughout their care journey, while its identification and outreach capabilities allow for a superior level of member engagement than other solutions on the market. The CareX private beta will continue with select clients and their populations through 2017 and will become more widely available in January 2018. Collective Health gives companies a smarter way to provide healthcare coverage through technology and design. Powered by a platform that connects and administers the entire benefits ecosystem—health plans, benefits programs, spending accounts, employee support—their solution delivers an effortless experience for everyone. Focused on serving the 170M+ Americans who receive healthcare coverage from their employers, the Collective Health platform has been selected by leading U.S. employers including Activision Blizzard, Cloudera, Crossfit, Palantir, Red Bull and Zendesk. Founded in October 2013, Collective Health is backed by NEA, Founders Fund, Google Ventures and other leading investors. The company is headquartered in San Francisco, CA. For more information, visit https://www.collectivehealth.com.
News Article | November 24, 2016
MarketStudyReport.com adds “Global Insurtech Market 2016-2020” new report to its research database. The report spread across 76 pages with table and figures in it. The Report analysts forecast the global insurtech market to grow at a CAGR of 10.41% during the period 2016-2020. About Insurtech The insurance technology or insurtech is an increasing phenomenon that has revamped the insurance industry to connect with a wider customer base consisting of High Net Worth individuals (HNWI), upper middle-income group, and lower middle-income group. The insurtech platforms have the potential to help insurance companies to improve their relevancy to the customers to rebuild their trust. This will help in customer engagement. Browse full table of contents and data tables at https://www.marketstudyreport.com/reports/global-insurtech-market-2016-2020/ The report covers the present scenario and the growth prospects of the global insurtech market for 2016-2020. To calculate the market size, the report considers the investments made in insurtech platforms in the Americas, APAC, and EMEA. The market is divided into the following segments based on geography: The Report Global Insurtech Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. Key vendors ? Friendsurance ? Guevara ? Oscars ? Zhong An Other prominent vendors ? Acculitx ? Allay ? Analyze Re, ? Array Health ? BankBazaar.com ? Bayzat ? Bought By Many ? Censio ? Claim Di ? Collective Health ? Common Easy ? CoverFox ? CoverHound ? Cuvva ? Dynamis Software ? EaseCentral ? Eligible ? EverQuote ? FirstBest Systems ? Gather ? Gives range ? GoHealth ? Goji ? Gravie ? GroupHub ? Haven Life ? HealthCare.com ? HealthSherpa ? Hixme ? InforcePRO ? insPeer ? insuremyrentalcar.com ? Insurify ? Jointly ? Justworks ? Ladder ? Limelight Health ? Lumity ? Maxwell Health ? Metromile ? miEdge ? Navera ? Picwell ? PlanSource ? PokitDok ? PolicyBazaar ? PolicyGenius ? Praedicat ? QuanTemplate ? RenewBuy ? ROOT ? Sherpaa ? Shift Technology ? SimplyInsured ? Snapsheet ? Spex ? Stride Health ? Sure ? Sureify ? Inspool ? Zebra ? TongJuBao ? Trov, ? Tyche ? Uvamo ? Zenefits ? Zest Health ? Zipari Market driver ? Growth of Internet-based business ecosystem ? For a full, detailed list, view our report Market challenge ? Increasing fraudulent claims ? For a full, detailed list, view our report Market trend ? Incorporating big data analytics ? For a full, detailed list, view our report Key questions answered in this report ? What will the market size be in 2020 and what will the growth rate be? ? What are the key market trends? ? What is driving this market? ? What are the challenges to market growth? ? Who are the key vendors in this market space? ? What are the market opportunities and threats faced by the key vendors? ? What are the strengths and weaknesses of the key vendors? To receive personalized assistance, write to us @ [email protected] with the report title in the subject line along with your questions or call us at +1 866-764-2150
News Article | November 23, 2016
These analysts forecast the global insurtech market to grow at a CAGR of 10.41% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global insurtech market for 2016-2020. To calculate the market size, the report considers the investments made in insurtech platforms in the Americas, APAC, and EMEA. The report, Global Insurtech Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. Key players in the global insurtech market: Friendsurance, Guevara, Oscars, and Zhong An. Other Prominent Vendors in the market are: Acculitx, Allay, Analyze Re, Array Health, BankBazaar.com, Bayzat, Bought By Many, Censio, Claim Di, Collective Health, Common Easy, CoverFox, CoverHound, Cuvva, Dynamis Software, EaseCentral, Eligible, EverQuote, FirstBest Systems, Gather, Gives range, GoHealth, Goji, Gravie, GroupHub, Haven Life, HealthCare.com, HealthSherpa, Hixme, InforcePRO, insPeer, insuremyrentalcar.com, Insurify, Jointly, Justworks, Ladder, Limelight Health, Lumity, Maxwell Health, Metromile, miEdge, Navera, Picwell, PlanSource, PokitDok, PolicyBazaar, PolicyGenius, Praedicat, QuanTemplate, RenewBuy, ROOT, Sherpaa, Shift Technology, SimplyInsured, Snapsheet, Spex, Stride Health, Sure, Sureify, Inspool, Zebra, TongJuBao, Trov, Tyche, Uvamo, Zenefits, Zest Health, and Zipari. Inquire for Discount on the Report at http://www.reportsnreports.com/contacts/discount.aspx?name=759411 Commenting on the report, an analyst said: "Many insurance companies are focusing on expense management in a bid to increase profit margins. This is possible only through the application of technology. Many insurers are shifting their focus from stand-alone technology projects to an environment where there is a continuous technological improvement. The top vendors are executing M&A and joint ventures to reduce costs." The insurance technology or insurtech is an increasing phenomenon that has revamped the insurance industry to connect with a wider customer base consisting of High Net Worth individuals (HNWI), upper middle-income group, and lower middle-income group. The insurtech platforms have the potential to help insurance companies to improve their relevancy to the customers to rebuild their trust. This will help in customer engagement.
News Article | August 23, 2016
News Article | February 28, 2017
Company Achieves Over 100% Bookings Growth as Cloud Adoption Drives Need for Network Intelligence SAN FRANCISCO, CA--(Marketwired - Feb 28, 2017) - ThousandEyes, the Network Intelligence company that delivers visibility into every network, today shared results that reveal strong growth in bookings in both domestic and international markets, and continued expansion of product capabilities, locations and executive team leadership. Enterprises' increasing reliance on the Internet as a primary foundation of business fueled 100% year-over-year growth in bookings in both domestic and international markets and drove the addition of marquee customers across financial services, retail and leading technology companies. As cloud adoption reaches new heights, the Internet has become the new corporate backbone, rendering traditional network monitoring approaches increasingly ineffective. Traditional monitoring approaches rely on traffic capture, and provide a narrow view of the network, highlighting problems when it's too late. ThousandEyes enables organizations to gain an immediate understanding of experience from every user to every cloud application as well as providing critical insights for strategically planning and migrating services to the cloud over time. "With the surge in cloud adoption, we've seen a rapid growth in enterprises turning to ThousandEyes to categorically understand experience from every user to every application," said Mohit Lad, ThousandEyes CEO and co-founder. "ThousandEyes has innovated an approach based on an unmatched distribution of smart agents across the Internet, enterprise, all the way to the end user. ThousandEyes gathers and analyzes the massive volumes of 'Network Intelligence' data from these vantage points, enabling organizations to solve even the most obscure performance problems in minutes. By using ThousandEyes in the planning and testing phases of cloud adoption, customers can also strategically identify and fix underlying problems before production deployment of the application -- something not possible before." Recent Gartner reports have noted the adoption of cloud and SaaS services crossing an inflection point with their role in the daily operations of businesses. One report predicts that "By 2021, more than half of global enterprises already using cloud today will adopt an all-in cloud strategy" (Gartner Inc., Predicts 2017: Cloud Computing Enters Its Second Decade, David Mitchell Smith, et al., December 2, 2016). ThousandEyes recorded over 100% year-over-year bookings growth in both domestic and international markets, adding 18 Fortune 500 customers, and now counts five of the top five SaaS companies and four of the top six US Banks as customers. This includes a doubling of customers in the technology, financial services and media and gaming verticals as well as continued expansion into the healthcare and manufacturing verticals. Notable customers include 1-800-Contacts, Qualys, Collective Health, Comcast Corp., TBWA Worldwide, Wageworks, Luminex, DHI Group Inc., Craigslist, Creative Artists Agency, Conde Nast Publications Inc., Quantcast, Pitney Bowes, Cloudflare, Hi-Rez Studios, Shutterfly, Ellie Mae, and lululemon. In order to meet the growing demand for Network Intelligence and meet the needs of an expanding base of customers, ThousandEyes has expanded business operations, including a new sales office in Austin, TX, a second engineering office in London, as well as continuing to double the team in the San Francisco headquarters. ThousandEyes, also made several notable executive appointments to help lead teams and areas that are strategic for long term growth. These executives include Victoria Abeling, director of corporate sales, Prabha Krishna, vice president of people operations, and Ashwin Kedia, vice president of business development. ThousandEyes held ThousandEyes Connect events in San Francisco and New York City, featuring presentations from leading companies, such as AIM Speciality Health, Cisco, Hi-Rez Studios, Microsoft, Nasdaq, Quantcast, RichRelevance, ServiceNow, Unilever, Verisign and Zendesk. ThousandEyes Connect is a live event where network engineers and web performance practitioners share their experiences tackling tough performance challenges. "The launch of Endpoint Agent, easier deployments of Enterprise Agents, and the continued expansion of our Cloud Agent locations has enabled us to build a truly unique global dataset that consolidates performance measurements and metadata from thousands of distinct vantage points from all across the Internet, into the enterprise, and to the endpoint," said Ricardo Oliveira, ThousandEyes CTO and co-founder. "This enables us to innovate in really profound and interesting ways, such as delivering Internet Outage Detection as part of our vision for Collective Intelligence. The ability to provide actionable insights into complex Internet-centric networks has made ThousandEyes a necessary ingredient for the modern enterprise, and we look forward to continuing to deliver on our vision for Network Intelligence." Industry Recognition In the past year, ThousandEyes earned recognition and accolades from industry press and analyst firms. A Gartner report mentioned ThousandEyes as a representative vendor for Collective Intelligence Benchmarking (Gartner Inc., Innovation Insight for Collective Intelligence Benchmarking, Vivek Bhalla and Will Cappelli, September 26, 2016). Analyst firm IDC included ThousandEyes as an "IDC Innovator for Cloud-Managed Network Monitoring" within the enterprise network management market. CRN included ThousandEyes on its 2016 list of top "Emerging Vendors" in July. And in a December article, Business Insider counted ThousandEyes as one of "51 enterprise startups to bet your career on in 2017." ThousandEyes is a Network Intelligence platform that delivers visibility into every network an organization relies on, enabling them to optimize and improve application delivery, end-user experience and ongoing infrastructure investments. Leading companies such as Equinix, ServiceNow and Twitter, as well as eBay and other members of the Fortune 500, use ThousandEyes to improve performance and availability of their business-critical applications. ThousandEyes is backed by Sequoia Capital, Sutter Hill Ventures, Tenaya Capital and GV (formerly Google Ventures), and has headquarters in San Francisco, CA. For more information, visit https://www.thousandeyes.com or follow us on Twitter at @ThousandEyes.
News Article | November 15, 2016
SAN FRANCISCO--(BUSINESS WIRE)--#digitalhealth--Collective Health Appoints Chief Operating Officer and Senior Vice President of Sales and Customer Success and doubles its membership to 70,000 lives.