The hCentive Company - 2412 Words

1. Introduction The hCentive Background Information The hCentive company was formed three friends Tarun Upadhyay, Manoj Agarwala, Sanjay Singh who had founded a previous product development company with more than 6,000 employees, called GlobalLogic. The Hcentive Company was formed after a need that not being catered for was identified in the healthcare market and Tarun Upadhyay, Manoj Agarwala; Sanjay Singh decided to strike out on their own again. The hCentive company provides cloud-based, healthcare technology solutions that help consumers businesses connect, communicate and engage with health plans in an undemanding and informed manner when acquiring health insurance. It is the only company that has built an exchange solution from the ground-up post the PPACA .the Hcentive Company has developed a deep understanding of the healthcare reform and they have created solutions and services that align with federal and state regulations and meet or exceed all industry standards. Key Financial Performance In the US, the growth of health care spending has been enormous. Almost $2 trillion is spending in the US healthcare which is as much as the GDP of India. The hCentive is reaping a major windfall, that is, by helping build online health insurance exchanges for several states, enabling insurance companies to connect with all 51 government-run exchanges, and moving to exploit the new but potentially large private insurance exchange market. The company expects to generate about