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CHICAGO, July 16, 2013 (GLOBE NEWSWIRE) -- Q4 Systems Corporation (OTCBB:QFOR), a leading IT product and services company, has launched the QHIX Private Health Insurance Exchange Platform to streamline benefits administration while offering their users an unprecedented array of features, flexibility, and ease of use.
The platform offers a complete set of functionalities and interfaces for Health Plan Administrators, Payers, and Health Care Providers, as well as groups and individuals looking to purchase insurance through the health insurance exchange marketplace. Employers appreciate the opportunity to offer competitive benefits to their employees, which is a vital attraction and retention tool, while simultaneously reducing their administrative responsibilities and costs.
"We developed the QHIX Platform in response to a number of key factors – the rise in benefit costs, the Patient Protection and Affordable Care Act (PPACA), and robust innovations in cloud technology – that are transforming the provision of employee benefits," said Robert Steele, Q4 Systems' Chief Sales and Marketing Officer and 30-year Healthcare Industry veteran. "Q4 Health offers a true solution for individuals and employees to shop health insurance products, and a feature-rich, personalized end-to-end member management experience for all the stakeholders."
Mr. Steele cautioned that in response to the PPACA, new companies and benefits platforms are entering the market that may not be backed by the kind of IT resources and Healthcare Industry experience to deliver a truly comprehensive and HIPAA-compliant solution. "With 30 years of healthcare technology solutions experience, we are proud to stand by our 'Live In Five' promise that we can configure and deploy a benefits program for an employer in 5 days (most competitors take 3-8 weeks). Comprehensive features, faster time-to-market, flexibility and support make us stand out as industry leaders and the clear choice."
Q4 Health will be presenting the QHIX Private Exchange Platform this week at the Private Healthcare Exchanges trade show at McCormick Place in Chicago, Illinois, July 17-18, 2013.