SAN FRANCISCO, May 20, 2014 /PRNewswire/ — SeeChange Health, a leader in value-based healthcare plans and services that improve health and reduce health care costs, has been selected as a Red Herring Top 100 North America winner for 2014. The award recognizes the leading private companies from North America and celebrates their innovations and technologies across their respective industries.
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"We are thrilled to be honored alongside the world's leading technology companies," said Martin Watson, CEO of SeeChange Health. "SeeChange Health is on our 3rd year of triple digit growth, fueled by our advanced health improvement platform, which has helped leading employers and health plans to realize hundreds of millions in healthcare cost savings through early detection, prevention and management of chronic conditions."
Previous winners include Facebook, Twitter, Google, Yahoo, Skype, Linkedin, Salesforce.com, YouTube and eBay.
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% to over $120 million and its insured membership by more than 170% 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. The Top 100 winners were 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.
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