Health Insurance Innovations Tops Fortune’s 100 Fastest-Growing Companies List

Health Insurance Innovations (HIIQ) has ranked number one in Fortune’s “100 Fastest-Growing Companies” list for 2018.

According to their methodology, Fortune ranks qualifying companies by revenue growth rate, EPS growth rate, and three-year annualized total return as of June 29, 2018. The sum of these three factors then determines where a company will rank among the 100 companies that have qualified for that year.

In a review of Health Insurance InnovationsFortune combined the company’s revenue growth rate of 46%, EPS growth rate of 256% and annualized total return of 87% over the past three years to place HIIQ in the top spot for 2018. According to these criteria, Health Insurance Innovations outranks some of the world’s most recognizable companies including Facebook, Amazon, Netflix and more.

View the full list of Fortune’s 100 Fastest-Growing Companies here. For up-to-the-minute financial news on Health Insurance Innovations, head over to investor.hiiquote.com.

To stay updated on blog features, follow us on Facebook, Twitter, and YouTube.

Kofax Issues a “Glowing” Case Study on Health Insurance Innovations

Kofax, a leading provider of process automation software, issued a comprehensive review of Health Insurance Innovations’ (HIIQ) new compliance process in a recent case study.

Entitled “Success Story for Healthcare”, the study examines the challenge, solution and results that Kofax Customer Communications Manager™ software has produced for HIIQ’s compliance specialists.

To ensure every customer fully understands the coverage they’re purchasing through a contracted agent or broker, Health Insurance Innovations utilizes sales verification scripts. The agents or broker reads through the script with the customer before their purchase is finalized. Scripts often contain important information like whether the policy meets the requirements of the Affordable Care Act, and which conditions the policy does or does not cover.

With nearly 50 policies ranging from dental care to emergency treatment—and a required script for each one—HIIQ’s compliance department was tasked with managing all updates, revisions, and version control of every script. In the past, this was done manually. But, as Health Insurance Innovations experienced unprecedented growth over the last two years, this manual process became a time and cost-intensive challenge.

That’s when Health Insurance Innovations chose to employ the Kofax Customer Communications Manager™. This software now serves as a single source of up-to-date and accurate information (including sales verification scripts) on all policies distributed via the HIIQ platform.

Furthermore, it automatically maintains a record of document and script edits with an author and date attributed to each change.

“Maintaining consistency across scripts is so much easier than before. Previously, I had to open numerous Microsoft Word documents and PDFs to ensure that the same language was used throughout,” said Dominique Meitzen, Lead Verification Specialist at HIIQ. “Now, I can search our entire script collection at the touch of a button. And if I need to modify a certain block of text, I can make the update once and automatically apply the change to all scripts. The solution is a huge time-saver, enabling me to work more productively.”

The results? Script updates that used to take hours or days are now completed in minutes; agents are happy to work with Health Insurance Innovations knowing they’ll be equipped with timely and accurate product information; and carriers are too, trusting that their policies will be correctly represented to consumers seeking affordable health insurance, ancillary health care plans and more.

Click here to download the full case study on Health Insurance Innovations by Kofax.

Final Rule Makes Short-Term Medical Insurance Renewable for Up to 36 Months

The Trump administration has issued a final rule that will allow short-term, limited-duration insurance to be purchased in increments of up to 364 days (or 12 months).

The final rule will also allow this type of insurance to be renewable with a maximum duration of up to 36 months. However, “States remain free to adopt a definition with a shorter maximum initial contract term or shorter maximum duration (including renewals and extensions) for a policy to meet their specific market needs,” according to the final rule documentation.

These new term limits will go into effect in October according to CNBC. This comes just before the 2019 Open Enrollment Period which will run from November 1 to December 15, 2018.

This follows a proposed ruling by the Department of Health and Human Services, the Department of the Treasury and the Department of Labor published for public commentary back in February of 2018. Much in line with the Trump administration’s concerns over the rising costs of health coverage today, this final ruling is expected to increase consumer choice, competition, and affordability in the individual health insurance market.

The Centers for Medicare & Medicaid Services (CMS) projects that approximately 600,000 people will enroll in short-term limited-duration plans in 2019.

Click here to view the final rule in full courtesy of the CMS. Stay tuned for updates on how this change will affect Health Insurance Innovations (HIIQ), contracted agents, brokers and the American public at large.

Health Insurance Innovations smart investment

UPDATE: HIIQ Deemed “Smart Investment Option” on SeekingAlpha.com

In a financial review of Health Insurance Innovations published recently, Andrew Roberts of the financial blog Seeking Alpha writes, “HIIQ Management has achieved vigorous organic growth in recent years. Current guidance for FY2018 implies 51% earnings growth and 18% revenue growth this year.”

The article goes on to extol the future outlook of Hiiquote’s financials and fundamentals.

Health Insurance Innovations was praised for its stock performance in the article “Why Health Insurance Innovations (HIIQ) Is A Smart Investment Option” on seekingalpha.com.

Among the numerous reasons mentioned in the piece, writer & analyst Maddi Salmon writes:

“Trends in the healthcare industry are favorable for a company like HIIQ. Much like we’re seeing in the Life Insurance space, where higher employment and a stronger economy have lifted the potential companies in the space. Health Insurance Innovations offers simplified and affordable individual healthcare options with a viable business model. Even relative to the industry average, HIIQ is especially well-positioned.”
Read the full post over at SeekingAlpha and keep up with all things investor-related on the HIIQ Investor Relations Page.

Health-Insurance-Innovations-10

AgileHealthInsurance Highlights Options for the Millions of Americans Still Uninsured After Obamacare Open Enrollment

AgileHealthInsurance.com, an independently managed division of Health Insurance Innovations (HIIQ), recently highlighted three forms of healthcare coverage consumers can apply for after open enrollment or any time of the year.

With the open enrollment period for the Affordable Care Act (Obamacare) now closed, a full six weeks earlier than last year, these options are well-established and often include more affordable monthly payments.

Click here to learn about healthcare coverage options like short-term health insurance, health benefit insurance & more from AgileHealthInsurance.com.

Author: Andrew Silverstein

Andrew Silverstein is the Marketing Operations Manager for Health Insurance Innovations (HIIQ). He covers a wide range of topics – from HIIQ’s charitable endeavors to the company’s stock performance and the U.S. healthcare industry at large.

hiiq-strength-in-business

Health Insurance Innovations (HIIQ) Highlights Strength of Business

Health Insurance Innovations (HIIQ) has provided an update regarding recent regulatory matters and its financial and industry outlook.

Additionally, prominent voices within and close to the company have reaffirmed a robust future for Health Insurance Innovations, citing the positive impact it continues to have on people with a significant need for affordable short-term healthcare.

“We believe HIIQ is uniquely positioned for continued growth due to our innovative technology platform, strong compliance and expanding distribution network, allowing us to continue to meet the demands and needs of consumers in the dynamic individual health insurance market,” said Gavin Southwell, Cheif Executive Officer and President of Health Insurance Innovations.

For more insight into the matters addressed above, read Health Insurance Innovations’ official press release.

Author: Andrew Silverstein

Andrew Silverstein is the Marketing Operations Manager for Health Insurance Innovations (HIIQ). He covers a wide range of topics – from HIIQ’s charitable endeavors to the company’s stock performance and the U.S. healthcare industry at large.

hiiq-ceo-gavin-southwell-charity-bike-race-london80

HIIQ CEO Gavin Southwell & Executive Team to Cycle 80 Miles for Children’s Charities

On August 25, a team of HIIQ Executives lead by CEO Gavin Southwell will cycle 80 miles from London in an effort to raise money for two children’s charities.

Deemed the London80, the race will host riders like Southwell and 21 others including HIIQ Founder Mike Kosloske; Senior Vice President Bryan Krul; Vice President of Sales, Gerod Vernon; President of Health Coverage Fast, Dan Jones; and Insurance Distributor, David Abraham.

The 80-mile race will take the riders through some of London’s most beautiful landscapes and historic landmarks. It will begin in the heart of London and heads south towards Box Hill where it will progress through the pristine hillside. Just south of Dorking, the route will turn and head north towards Richmond Park where riders will travel along “The Mile”. The final portion of the London80 will continue on to Buckingham Palace where the race will finish.

Southwell and Health Insurance Innovations are doing this to raise funds for two children’s charities: Tommy’s and 4Louis.

Tommy’s funds research into stillbirths, premature births and miscarriages, while providing vital information for parents-to-be. 4Louis provides bereaved parents memory boxes free of charge who suffer a stillbirth or neonatal death.

Right now, the HIIQ team is only $851 away from their fundraising goal. You can donate to their efforts here.

Author: Andrew Silverstein

Andrew Silverstein is the Marketing Operations Manager for Health Insurance Innovations (HIIQ). He covers a wide range of topics – from HIIQ’s charitable endeavors to the company’s stock performance and the U.S. healthcare industry at large.

Health-Insurance-Innovations-NASDAQ-closing-bell-ceremony

Health Insurance Innovations (HIIQ) Rings the Nasdaq Closing Bell

For the second time since the company’s inception, Health Insurance Innovations (HIIQ) was invited to ring the Nasdaq closing bell on Wednesday, July 26, 2017. Overlooking New York City’s famed Times Square, the closing bell ceremony kicked off with a few words from Nasdaq Vice President, Joe Brantuk.

“When you stop to think about it, Health Insurance Innovations truly defines what it means to be a NASDAQ-listed company: the innovators, the game-changers, those who ignite their ambitions to build game-changing and innovative companies,” Brantuk remarked. “We look forward to celebrating many more milestones with you in the future as you continue to grow and innovate as a NASDAQ-listed company.”

Fast forward to the 5:40 mark below to watch the full closing bell ceremony.

Author: Andrew Silverstein

Andrew Silverstein is the Marketing Operations Manager for Health Insurance Innovations (HIIQ). He covers a wide range of topics – from HIIQ’s charitable endeavors to the company’s stock performance and the U.S. healthcare industry at large.

health-insurance-innovations-stock-price-2017

HIIQ Makes “Hottest Stock Market Performers of 2017” List

Health Insurance Innovations (HIIQ) is one of “Tampa Bay’s hottest stock market performers for the first half of 2017,” according to the Tampa Bay Business Journal.

Alongside 24 other bay area-based stocks, HIIQ has skyrocketed 27.7% since the start of 2017 and 45.5% in the second quarter alone. The company is currently trading at $27.55 per share on the NASDAQ market at the time of this publication.

Health Insurance Innovations will announce its’ second quarter of 2017 financial and operating results on Wednesday, August 2. For more information, visit investor.hiiquote.com.

Author: Andrew Silverstein

Andrew Silverstein is the Marketing Operations Manager for Health Insurance Innovations (HIIQ). He covers a wide range of topics – from HIIQ’s charitable endeavors to the company’s stock performance and the U.S. healthcare industry at large.

health-insurance-innovations-small-business-of-the-year-award-1024x640

HIIQ Qualifies as Semifinalist in the Small Business of the Year Awards

Health Insurance Innovations (HIIQ) has just been nominated as a semifinalist in Small Business of the Year Awards presented by the Greater Tampa Chamber of Commerce.

Now in its’ 37th year, the Small Business Awards “highlight the impact of small business on the community and celebrate the achievements of the best of the best in Tampa Bay” according to the Chamber.

Businesses must be nominated to apply for this award. Once businesses have applied, they’re placed into one of four categories: Startup, 5 – 20 Employees, 21 -50 Employees and 51-250 Employees. Health Insurance Innovations will compete in the latter category.

“It’s an honor to receive this nomination, but incredibly humbling to be recognized as an organization that adds genuine value to the Tampa Bay business landscape,” said Mike Devries, Senior Vice President of HIIQ.

The Small Business Award winners will be announced on September 8, 2017 at the David A. Straz, Jr. Center for the Performing Arts in Tampa.

To learn more about the awards visit the Greater Tampa Bay Chamber of Commerce.

Author: Andrew Silverstein

Andrew Silverstein is the Marketing Operations Manager for Health Insurance Innovations (HIIQ). He covers a wide range of topics – from HIIQ’s charitable endeavors to the company’s stock performance and the U.S. healthcare industry at large.