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HealthEdge Receives "Positive" Rating in Leading Analyst Firm's "Innovative Challengers in Healthcare Insurance Core Administrative Systems" MarketScope Report

BURLINGTON, Mass., May 10, 2010 (BUSINESS WIRE) -- HealthEdge, provider of the only modern, enterprise-class software platform for healthcare payors, today announced that it has received a "Positive" rating in Gartner's report entitled "MarketScope for Innovative Challengers in Healthcare Insurance Core Administrative Systems."(1) According to the report, "Market demand for health insurers' core applications -- either a new product purchase or version upgrade -- is on the verge of unprecedented growth. This is based on the need for application consolidation and modernization, new business demands being unsatisfied by legacy applications, and most frequently, the efforts necessary to achieve ICD-10 compliance. As a result of these market drivers, a preponderance of the U.S.

health insurance core administrative applications will be replaced, upgraded or remediated between 2010 and 2013." "We believe Gartner's 'Positive' rating confirms our market position as a leader in delivering next-generation technology that will enable our customers to gain a sustainable competitive advantage as they transition to the member-centric world of 21st century healthcare," said HealthEdge CEO Rob Gillette.

"HealthEdge's award-winning, patented HealthRules technology platform delivers the unrivaled, real-time configurability, scalability and agility that payors will require in order to reduce costs, increase productivity, improve transparency, and turn their customer service capabilities into a competitive differentiator." Gillette added, "HealthRules was the first payor technology platform to achieve full ICD-10 compliance in June 2009. As a result, our customers already have the ability to seamlessly process both ICD-9 and ICD-10 claims, without the need to endure costly and time-consuming analysis, conversion, and remediation efforts.

This is another great example of HealthEdge leveraging its award-winning technology platform to provide a completely new level of flexibility and support for its customers." About HealthEdge HealthEdge provides the only modern, enterprise-class software platform for healthcare payors. Using the patented, award-winning HealthRules software suite, health plans and other payors can respond to business opportunities and market changes within hours rather than the usual months or years, while drastically reducing both IT and operational costs. Leveraging an investment of more than $125 million, HealthRules is the most modern, scalable, and cost-effective technology in the industry. HealthEdge provides the competitive advantage that enables payors to thrive in the dynamic healthcare environment. For more information, visit www.healthedge.com.

MarketScope Disclaimer The MarketScope is copyrighted 2010 by Gartner, Inc. and is reused with permission. The MarketScope is an evaluation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the MarketScope, and does not advise technology users to select only those vendors with the highest rating. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

(1) Gartner, Inc. MarketScope for Innovative Challengers in Healthcare Insurance Core Administrative Systems, Maureen O'Neil, March 29, 2010.

SOURCE: HealthEdge CONTACT: Jan Shulman 480-664-8412, ext. 12 jshulman@acmarketingpr.com or Lindsey Karberg 480-664-8412, ext. 13 lkarberg@acmarketingpr.com Copyright Business Wire 2010 -0- KEYWORD: United States

North America

Massachusetts INDUSTRY KEYWORD: Technology

Data Management

Software

Health

Other Health SUBJECT CODE: Product/Service