11 May 2016

Advanced Health Planning Company, Healthcare Interactive, Raises $3.4 Million in Additional Funding

Advanced Health Planning Company, Healthcare Interactive, Raises $3.4 Million in Additional Funding

The funding will accelerate the company’s expansion in the population health and direct-contract primary care markets.

Glenwood, MD (May 11, 2016) — Healthcare Interactive, Inc. (HCIactive), the leading provider of advanced health planning solutions, announced that it has received an additional $3.4 million in Series A funding, for a total of $11.8 million, to help accelerate the company’s growth. This add-on funding was led by the Maryland Venture Fund with participation from existing investors Grotech Ventures and Harbert Management Corporation.

“The market is moving towards advanced health planning services, and HCIactive’s cloud-based, integrated platform Healthspace™ is the engine to drive better health plan performance. Combined with a senior management team that has built several successful high-growth, venture-backed businesses in the past, we believe HCIactive has all of the ingredients for huge success,” said Managing Director of Maryland Venture Fund Andy Jones.

The funding will accelerate HCIactive’s expansion in the population health management and direct-contract primary care markets. The company offers a proprietary healthcare platform and advanced health planning solutions that aid employers and health systems (or Payviders) in shifting towards value-based health plan models. Most notably, the company offers online enrollment, incentive management, and wellness activities, along with primary care via health systems partners – seamlessly through its integrated platform.  HCIactive’s platform also interfaces with fitness and medical devices, along with laboratory, EMR, medical and pharmacy data creating a system of record for health plan transactions for incentives.

“We are pleased to receive this additional funding and believe that our financial partners’ commitment further validates the significant growth opportunities ahead for HCIactive,” said HCIactive Chief Executive Officer Henry Cha.

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About Healthcare Interactive:

Healthcare Interactive, Inc. provides advanced health planning solutions to employers that help attract and retain the best employees by engaging them in their well-being and workplace. Our integrated technology platform, Healthspace™, runs results-driven population health and incentive management programs designed to mitigate risk, control healthcare costs, support Affordable Care Act compliance, and improve member outcomes.

11 Mar 2016

Healthcare Interactive Awarded Population Health and Wellness Contract from Beaver Manufacturing

Healthcare Interactive Awarded Population Health and Wellness Contract from Beaver Manufacturing

Implementation of services are slated to begin as early as this spring.

Glenwood, MD (March 14, 2016) — Healthcare Interactive (HCIactive) has secured a contract to provide population health management, including corporate wellness services, to Beaver Manufacturing Company, Inc. (Beaver), a leading manufacturer of reinforcing yarns for the industrial hose market.

Beginning this April, Beaver will begin implementing the following program features in time for their 2016 enrollment period:

  • Wellness program featuring smoking cessation modules
  • Onsite and telephonic RN health coaching
  • Incentive management with premium deduction rewards for participation
  • Technology platform that integrates all program features
  • Actionable analytics and real-time reporting

“We believe that offering these services to our employees is a worthwhile investment,” said Steve Briley, Beaver’s Vice President of Finance. It goes beyond just providing them with health benefits; we want to create a workplace environment that supports their wellness goals and motivates them to be the healthiest they can be.”

With the addition of HCIactive’s services, Beaver has joined a growing number of employers that invest in enhancing employee health benefits to keep their workforce healthy. According to a new study published in the Annals of Internal Medicine and covered by CNN, “Workplace wellness programs are gaining popularity, and more than 80% of large employers are now using some form of financial incentive to increase physical activity.”

For more information about HCIactive’s population health management services, visit https://www.hciactive.com/solutions/population-health-management/.

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About Beaver Manufacturing:

Beaver Manufacturing Company, Inc. engages in the manufacture and supply of reinforcing yarns for the industrial hose market. Founded in 1971 and based in Mansfield, Georgia, the company provides reinforcing yarns for industrial hoses for automotive and various industrial applications.

 

About Healthcare Interactive:

Healthcare Interactive, Inc. provides advanced health planning services to employers that attract and retain their most valuable assets by providing a quality healthcare solution that engages employees in their health and workplace. Our technology platform, Healthspace™, runs results-driven population health and incentive management programs designed to mitigate risk, control healthcare costs, support Affordable Care Act compliance, and improve member outcomes.

02 Feb 2016

Healthcare Interactive Names John H. Capobianco President and Chief Marketing Officer

Philadelphia executive brings over thirty years of strategic business experience to Howard County-based, healthcare IT and solutions company.

Glenwood, MD (February 2, 2016) — Healthcare Interactive (HCIactive) today announced John H. Capobianco has been named President and Chief Marketing Officer (CMO), effective immediately. In these roles, Capobianco will have the responsibility of overseeing all operations of HCIactive and will report directly to Chief Executive Officer Henry Cha.

“Capobianco is a proven business executive and technologist with a gift for articulating a compelling vision and inspiring an organization to successfully execute that vision. We are pleased to have him join our executive team, and are confident that his leadership experience, coupled with his proven ability to deliver results, make him the right person to help execute HCIactive’s strategic priorities,” commented Cha.

Capobianco, well known in the Philadelphia to Washington DC corridor, brings to the company a successful track record of more than thirty years of executive experience growing the business and brands of large companies such as Hewlett-Packard, SAP and Computer Associates; and small high-growth companies such as BlueStone Software and MEDecision in the IT infrastructure and healthcare IT industries. At those high growth companies, he helped take both BlueStone Software (BLSW) and MEDecision (MEDE) through successful Initial Public Offerings (IPOs) and other successful equity events.

“I am excited and honored to take on this role. I also look forward to partnering with our talented leadership team, partners and customers to deliver on our growth objectives by executing our planned strategic initiatives,” said Capobianco.

This announcement follows HCIactive’s 2015 Year in Review Summary, released last Friday reporting year-over-year growth and related successes. The company will release its 2016 objectives this week following its annual company meeting.

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About Healthcare Interactive

Healthcare Interactive, Inc. provides advanced health planning services to employers that attract and retain their most valuable assets by providing a quality healthcare solution that engages employees in their health and workplace. Our technology platform, Healthspace™, runs results-driven population health and incentive management programs designed to mitigate risk, control healthcare costs, support Affordable Care Act compliance, and improve member outcomes.

29 Jan 2016

Healthcare Interactive Announces 2015 Year in Review Summary

Healthcare Interactive Announces 2015 Year in Review Summary

Significant contract wins, enhanced services, and an acquisition are among achievements cited for the successful year.

Glenwood, MD (January 29, 2016) — Healthcare Interactive (HCIactive), a leading healthcare technology and services company, today released its year-end review of 2015. The company is pleased to announce that once again it has experienced substantial growth that doubles its revenue run rate (effective January 2016), which can be attributed in part to a 25% increase in lives served through its health plan services. HCIactive has also benefited by adding new channel partners, expanding its service capabilities, and acquiring a corporate wellness company.

“It continues to be proven that our mission and execution is on the right path,” said HCIactive CEO Henry Cha. “Our employer clients and our channel partners are benefiting from our vision and delivery as we continue to drive a new market in Advanced Health Planning. Our future is bright and we are accelerating.”

HCIactive’s noteworthy achievements for 2015 include:

Executed network contracts with Greater Baltimore Medical Center (GBMC), MedStar Health, and Mission Health to offer Habeo – new-era health plans supported by patient-centered medical homes (PCMH). Habeo plans combine the processing power of HCIactive with the delivery capability of health systems, provider networks and third party administrators (TPAs) to provide employers and their employees with concierge-style health services.

Continued growth in the corporate wellness sector through direct and channel sales. Significant contract wins include: Mitas Tires, NACCO Materials Handling Group, Benefit Plan Administrators, and Precise Benefits.  New contracts with employers include: Belt Enterprises, Alvarado Real Estate Group, Regency Lighting, San Jose School District, Martin Distributing Company, Providence Group, Integrity Mutual Insurance Company, United Refrigerator, Peet’s Coffee & Tea, and LaPorte Custom Metal Processing.

Acquired PopSpring Wellness, a Wisconsin-based corporate wellness company, providing services to 26 employer groups, representing nearly 16,000 members.  Through this acquisition, HCIactive also enhanced its relationship with Aspirus, a community-directed health system.

Expanded service offerings to channel partners, including ACA Reporting and the following technology enhancements:

  • Gamification features added to the member portal to increase engagement and education through peer competition
  • Client portal and dashboard providing real-time access to program performance reports
  • Mobile app providing members with on-the-go access to their health information
  • Ability to sync with more than 150 types of mobile devices through the member portal.

In summary, HCIactive made excellent progress throughout 2015 and is well-positioned to continue this successful track record. The company plans more announcements for its 2016 objectives next week following its annual company meeting. These announcements are expected to include additions to the leadership team and initiatives aimed at increasing momentum.

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About Healthcare Interactive

Healthcare Interactive, Inc. provides advanced health planning services to employers that attract and retain their most valuable assets by providing a quality healthcare solution that engages employees in their health and workplace. Our technology platform, Healthspace™, runs results-driven population health and incentive management programs designed to mitigate risk, control healthcare costs, support Affordable Care Act compliance, and improve member outcomes.

13 Jan 2016

Healthcare Interactive Announces Reseller Agreement with Benefit Plan Administrators to Provide ACA Reporting Solutions

Healthcare Interactive Announces Reseller Agreement with Benefit Plan Administrators to Provide ACA Reporting Solutions

New services offer relief to employers challenged by ACA reporting compliance.

Glenwood, MD (January 5, 2016) — Healthcare Interactive (HCIactive), a leading healthcare technology company, announced today that it has signed a reselling partnership agreement with Benefit Plan Administrators (BPA), a full-service healthcare benefits administrator based in Eau Claire, WI.

Under the partnership, BPA is now offering an ACA reporting dashboard with online enrollment technology to help employers better comply with ACA reporting requirements.

According to ACA requirements, providers of minimum essential coverage, as well as Applicable Large Employers (ALEs) having 50 or more Full-Time Employees or Equivalents (FTEs), must file reporting forms by March 31st on paper or June 30th electronically, or face significant penalties. “We recognize that compliance can be overwhelming, and that’s why we’re addressing it with technology that simplifies this process. Our ACA reporting dashboard aggregates payroll, benefits and HR data specifically for tracking and reporting purposes, and even auto-populates the necessary IRS forms for employers,” says HCIactive CEO Henry Cha.

The need for these solutions are apparent, as the government has extended the filing deadlines twice to accommodate employer requests for more clarification and more time. “Hearing our client’s challenges with ACA compliance first-hand, it’s gratifying to be able to offer a solution that actually works. We’re excited about our partnership with HCIactive and the value it will offer the employer groups we serve,” says BPA President Marc Paulson.

With the added time granted by the latest ACA reporting extensions, HCIactive will continue to focus on onboarding new reseller partners, thereby helping employers nationwide avoid penalties due to noncompliance.

For more information about ACA reporting or HCIactive’s solutions, visit www.hciactive.com/solutions/aca-reporting.

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About Benefit Plan Administrators
Benefit Plan Administrators (BPA) is a full-service benefits administrator with the experience, staff, systems and commitment to meet employers’ benefit needs. The company creates working partnerships with its clients to provide efficient, professional and responsive service.

About Healthcare Interactive
Healthcare Interactive, Inc. (HCIactive) provides integrated health plan solutions for health systems, third-party administrators, and employers nationwide. HCIactive’s Healthspace™ technology platform runs results-driven population health and incentive management programs designed to mitigate risk, control healthcare costs, support Affordable Care Act compliance, and improve member outcomes.