Private Exchange Vendors: A Review of Group Market Platforms
Report Summary
Private Exchange Vendors: A Review of Group Market Platforms
Private exchange vendors are emerging as key technology partners bringing healthcare consumerism to the group healthcare market.
Boston, September 17, 2014 – Private exchanges are expanding their value beyond digital enrollment via defined contribution by aggregating services once provided by other stakeholders. Private exchanges provide a rich set of front-end tools, allowing employees to compare, buy, and enroll healthcare products, and most provide an equally deep set of back-end capabilities for employers. If private exchange vendors get service aggregation right, their platforms will create a unique revenue opportunity for carriers, brokers, and product partners in the coveted group market. But if they get it wrong, they'll offer just another portal with a unique user ID and password.
This Impact Report, based on Q2 and Q3 2014 Aite Group product demonstrations and executive interviews with 12 technology companies serving the U.S. group health insurance market, comprehends the current state and future needs of private exchange participants. It develops the group market private exchange value chain, details vendor comparisons across the value chain, and profiles 12 private exchange vendors.
This 55-page Impact Report contains 19 figures and eight tables. Clients of Aite Group's Health Insurance and Life Insurance service can download this report.