SAN FRANCISCO, May 9, 2014 /PRNewswire/ — SeeChange Health, a leader in value-based healthcare plans and services that improve health and reduce health care costs, today announced it has been named as a finalist for Red Herring's Top 100 North America Award, a prestigious list honoring the year's most promising private technology ventures from the North American business region.
Photo – http://photos.prnewswire.com/prnh/20140508/85873
"We are honored to be included among these innovative finalists for the Red Herring 100," said Martin Watson, CEO of SeeChange Health. "This recognition is a testament to our market leadership in clinically-driven health improvement, with proven results in chronic condition prevention and management for more than 1.4 million paying members, and millions of dollars in savings for employers and health plan providers."
SeeChange Health has two fully owned subsidiaries, SeeChange Health Solutions and SeeChange Health Insurance.
SeeChange Health Solutions is the leader in clinically driven health improvement as an enterprise service. The company's advanced clinical-behavioral knowledge base predicts and improves health by uniting health and wellness programs into a single, integrated solution, and increases healthy behavior with tailored rewards based on behavioral economic algorithms. SeeChange Health Solutions quantifies return on health investment with chronic condition diagnosis five times faster than the industry average, and reduces hospital readmissions by 50 percent.
SeeChange Health Insurance offers medical coverage to small and midsize groups in California and Colorado. In 2013, the company increased revenues by nearly 300 percent to over $120 million and its insured membership by more than 170 percent from the previous year. SeeChange Health Insurance incorporates the SeeChange Health Solutions platform in its entire product offerings, which has enabled it to assist thousands of members to uncover and better manage chronic health conditions such as diabetes, heart disease and asthma.
Finalist selections for the 2014 edition of the Red Herring 100 North America award are based upon technological innovation, management strength, market size, investor record, customer acquisition and financial health. During the several months leading up to the announcement, hundreds of companies in the fields of security, Web 2.0, software, hardware, life sciences, cloud, mobile and others completed their submissions to qualify for the award. The Top 100 winners will be announced at a special awards ceremony the evening of May 16 in Monterey, Calif.
About SeeChange Health
SeeChange Health delivers plans, technology and services aimed at improving health and lowering health care costs by encouraging individuals to play an active role in managing their health to prevent, detect and treat serious health conditions. SeeChange Health Solutions is the leader in clinically driven health improvement as an enterprise service. Using the most advanced clinical-behavioral knowledge base to improve health, SCHS serves more than 1.4 million members. SeeChange Health Insurance provides PPO plans delivering improved health outcome to employer groups in California and Colorado. For more information, please visit www.SeeChangeHealth.com.
Media Contact:
Reena Mukamal
650-218-3139