HCentive
| Company type | Private |
|---|---|
| Industry | Software, Cloud computing |
| Founded | 2009 |
| Founder | Sanjay Singh, Manoj Agarwala, Tarun Upaday |
| Headquarters | Reston, Virginia , United States |
Area served | United States, India |
| Products | WebInsure State, WebInsure Private Exchange, WebInsure Exchange Manager |
Number of employees | 125 |
hCentive Inc., headquartered in Virginia, is a software firm specializing in cloud-enabled solutions tailored for health insurers and governmental health agencies. In 2016, the company achieved a ranking of 205 on the Deloitte list within the Software sector.
The firm designs and delivers state and private health insurance marketplace platforms (exchanges) for state governments, insurance providers, corporations, and third-party administrators. It maintains partnerships with three of the largest five health insurance companies in the U.S.
The corporate headquarters in Reston, Virginia, employs around 125 staff members, while additional personnel operate from its research and development facility located in Noida, India.
History
Established in 2009 by Sanjay Singh, Manoj Agarwala, and Tarun Upaday, hCentive was created with foresight into the opportunities arising from the Affordable Care Act (ACA) prior to its enactment. The company's foundation was closely connected to the legislative discussions surrounding ACA reforms within the U.S. Congress.
Products and services
hCentive offers WebInsure State, a cloud-based platform designed for state-run health insurance exchanges, currently utilized by states such as New York, Colorado, and Kentucky to support their marketplaces.
For the private sector, the WebInsure Private Exchange provides a cloud-hosted platform catering to health plans, third-party administrators (TPAs), and dental insurance providers. Additionally, the WebInsure Exchange Manager product streamlines connectivity among health insurance exchanges, healthcare providers, and associated entities.
In August 2013, hCentive collaborated with Geisinger Health Plan to deploy solutions for integrating health insurance exchanges and managing private exchange offerings.
Awards & Recognitions
hCentive earned notable rankings including No. 62 on Deloitte’s Technology Fast 500 in North America, No. 117 on the Inc. 5000 list in 2014, and No. 12 on the Washington Business Journal Fast 50 in 2015. It also secured the No. 19 spot among companies based in Virginia.