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Health Insurance exchange (HIX) is emerging as the de facto acronym across state and federal government stakeholders, and the private sector technology and service providers that are helping states build their exchanges. Health insurance exchange (HIX) is the latest trend in an online market place. Built on more than a decade of experience with the medicare advantage and managed Medicaid industry, Inovalon's suite of innovative solutions support qualified health plans (QHPs) offering health insurance coverage to individuals and small groups on the health insurance exchange (HIX) marketplace.
The health insurance exchange (HIX) IT market is anticipated to grow with a significant rate in the coming years, owing to factors such as, numerous funding sources from federal governments, federal health insurance mandates, federal funding, trend toward defined contribution model is the primary factor which is driving the growth of health insurance exchange (HIX) IT market. Operations and maintenance segment are expected to highly grow during forecast period, therefore it has expected to offer growth opportunities for the players operating in the market.
Some of the key players influencing the health insurance exchange (HIX) IT market are CGI Group Inc., Accenture., hCentive, Inc., MAXIMUS., Xerox Corporation., Oracle, Infosys Limited, Microsoft, Noridian Healthcare Solutions,, and Hexaware Technologies. among others.