{"id":654046,"date":"2013-04-23T13:43:27","date_gmt":"2013-04-23T17:43:27","guid":{"rendered":"http:\/\/www.pehub.com\/?p=197922"},"modified":"2013-04-23T13:43:27","modified_gmt":"2013-04-23T17:43:27","slug":"healthcare-impact-associates-raises-2-million","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/654046","title":{"rendered":"HealthCare Impact Associates Raises $2 Million"},"content":{"rendered":"

HealthCare Impact Associates<\/strong>, a Minneapolis, Mn.-based software company that helps its customers comply with requirements of the Affordable Care Act (ACA), has raised $2 million in private capital. The money will be used for the commercial rollout of its ACA management information system, called Health E(fx). The company didn’t disclose the source of its new capital.<\/p>\n

PRESS RELEASE:<\/strong><\/p>\n

HealthCare Impact Associates, LLC announces that it has secured an additional $2 million in private capital. Funds will be used for commercial rollout of its Affordable Care Act (ACA) management information system, Health E(fx)\u2122.<\/p>\n

The beta release in February of the cloud-based Health E(fx)\u2122 (pronounced \u201cHealth Effects\u201d) system is the first-to-market ACA management solution for employers. Health E(fx)\u2122 integrates required data from multiple systems within the employer HR environment, providing ongoing data integrity validation, historical and predictive cost analytics, and automated compliance, reporting and audit capabilities that employers and their stakeholders need to meet obligations of the ACA that will go into effect January 1, 2014.<\/p>\n

\u201cThe beta release of Health E(fx)\u2122 generated a remarkable response from leading companies operating in a wide range of industries, all being significantly impacted by the sweeping regulatory requirements of the ACA,\u201d states company president Andy Brown. \u201cThis very strong response confirms the critical need for the Health E(fx)\u2122 technology and drove the increase in funding commitment.\u201d<\/p>\n

The beta participants using Health E(fx)\u2122 are public and private companies, each with greater than twenty thousand employees and operations across most or all states.<\/p>\n

\u201cOngoing analysis and management of eligibility and affordability compliance within a diverse part-time, full-time, and seasonal employment context, including variability of state-by-state exceptions under the law, is of significant concern and common to all our beta program participants,\u201d said Brown. \u201cThe companies we are working with have a good understanding of ACA regulations, but are seeking the analytics, compliance, reporting and audit tools that Health E(fx)\u2122 delivers. Our solution allows them to manage medical benefits strategies, on an ongoing basis, to the best possible financial and health reform compliance outcomes for their organizations,\u201d says Brown.<\/p>\n

Health E(fx)\u2122 also makes it possible for companies to manage data interfaces with state insurance exchanges and third-party systems. And pending final direction from government on format, Health E(fx)\u2122 automates the employer requirements under IRC USC \u00a7 6055 and \u00a7 6056 reporting and the mandated employer notice to employees of coverage options available through the exchanges.<\/p>\n

\u201cPossible integration of compliance data from employers has not yet been announced by state and federal exchanges, posing what we believe will be a high risk for erroneous government subsidy grants to employees and a difficult and inefficient reconciliation process for employers. Health E(fx) \u2122 is designed to manage this data if and when exchange interfaces materialize, giving employers the tools to effectively automate communication with exchanges on qualified health plans, as well as provide other pertinent compliance data,\u201d continues Brown.<\/p>\n

Health E(fx)\u2122 beta customer programs will run through spring and early summer, with commercial product release planned for late June, 2013.<\/p>\n

About Health E(fx):<\/p>\n

Health E(fx)\u2122 is a comprehensive management information solution that enables Employers, Brokers, Advisors, and HR and benefits data stakeholders to achieve clarity, control and compliance for employer medical benefits management under the Affordable Care Act regulations. For more information, please visit: www.healthefx.us.<\/p>\n

The post HealthCare Impact Associates Raises $2 Million<\/a> appeared first on peHUB<\/a>.<\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

HealthCare Impact Associates, a Minneapolis, Mn.-based software company that helps its customers comply with requirements of the Affordable Care Act (ACA), has raised $2 million in private capital. The money will be used for the commercial rollout of its ACA management information system, called Health E(fx). The company didn’t disclose the source of its new […]<\/p>\n","protected":false},"author":7567,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-654046","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/654046","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7567"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=654046"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/654046\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=654046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=654046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=654046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}