HOME Research Insight Health Insurance Exchange (HIX) IT Market Includes Leading Players in Market

Health Insurance Exchange (HIX) IT Market Includes Leading Players in Market

The global Health Insurance Exchange (HIX) IT Market Includes Leading Players such as Accenture (Ireland), CGI Group, Inc. (Canada), Deloitte (U.S.), IBM Corporation (U.S.), Infosys (India), MAXIMUS (U.S.), Oracle Corporation (U.S.), Xerox Corporation Ltd. (U.S.), and other emerging players such as Connecture (U.S.), Cognosante (U.S.), hCentive (U.S.), Hewlett-Packard (U.S.), Hexaware Technologies (India), Inovalon, Inc. (U.S.), KPMG (Netherlands), Microsoft Corporation (U.S.), Noridian Healthcare Solutions, LLC (U.S.), Tata Consultancy Services (TCS) (India), Wipro Limited (India), among others.Majority of the companies in the health insurance exchange (HIX) IT market are from the U.S. with few players based in India and Canada.

Contracts, strategic alliances,agreements, partnerships and collaborations,new product/serviceslaunches/developments, acquisitions and mergers, expansions, and others are some of the major strategies adopted by players to achieve growth.Among all growth strategies being adopted by the market players in this field, contracts, agreements, partnerships, collaborations, andstrategic alliances accounted forthe largest share ofthe overall growth strategies mapped. In the software industry, building a long-term relationship with clients and entering into agreements is a revenue-generating process.Furthermore, players adopted these strategies to enhance their research work for building innovative products and services and symbiotically utilize their expertise and manpower, thereby reducing costs. Some leading players adopting this strategy are Accenture (Ireland),CGI Group, Inc. (Canada), Deloitte (U.S.), hCentive (U.S.), MAXIMUS (U.S.), and Xerox Corporation (U.S.), among others.

Public exchanges are backed by federal grants for implementing and operating exchanges till 2014 while private exchanges donít have such a provision. However, to leverage the booming demand for private exchanges, leading operators such as Mercer LLC (U.S.), Aon Hewitt (U.S.), and Towers Watson(U.S.), are competing to lead the race. In the IT front, private exchanges pose market growth opportunity for companies such as hCentive (U.S.), Alegeus Technologies (U.S.), PlanSource(U.S.), and Connecture (U.S.), among others to provide private exchange technology solutions and services. This will further encourage the existing public exchange vendors as well as new market entrants to invest in this field and introducetechnologically advanced products.

Related Reports:

Health Insurance Exchange (HIX) IT Market by Type (Public, & Private Exchanges), Phase (Implementation, QA, Operations), Component (Services, Software, Hardware), End User (Government Agencies, TPAs, Health Plans) - Trends & Global Forecasts to 2018

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