Softheon Relocates to Stony Brook University Advanced Research and Development Facility
With over 190 PhD and 180 Graduate students, Stony Brook University's CEWIT greatly enhances Softheon’s capacity to respond to growing demand on its Healthcare Reform & Exchange solutions
STONY BROOK, N.Y. February 8, 2013 – , an emerging leader in Health Benefit Exchange solutions, announced today that it has relocated its corporate headquarters to Stony Brook University’s Center of Excellence in Wireless & Information Technology (CEWIT) facility, one of the most advanced technology research buildings in the country. Located in SUNY Stony Brook University Research & Development Park, is the culmination of an academic/industry partnership designed to develop some of the most innovative and exciting concepts within the healthcare technology industry.
According to Softheon’s CEO, Eugene U. Sayan, “ We are at an exciting stage in the development of Softheon due to the overwhelming demand on our private and public health insurance exchange solutions. Access to CEWIT and its world renowned Computer Science faculty and staff will greatly enhance our capacity to respond to growth opportunities.”
Dr. Shmuel Einav, Director of CEWIT Medical Division, added “ Softheon has been a leading high-technology company in the region with a proven track record in revenue growth and creation of new high-paying jobs. Guided by innovative academia-industrial partnerships, we are pleased and excited about Softheon’s relocation to CEWIT.”
Sayan, continued “The CEWIT building is more than just an upgrade to a state of the art location. Through our collaboration with CEWIT’s faculty and staff, as a commercial off-the-shelf (COTS) solutions provider, Softheon is committed to fulfilling the vision of providing real-world solutions to help insurers succeed in ACA Individual and SHOP Exchange markets.”
Empowering the nation’s first state health benefit exchange since 2008, Softheon’s vision and strategic direction address healthcare payer, provider, and government agencies’ goal of meeting Affordable Care Act (ACA) milestones. Softheon provides HIX Integration, Direct Enrollment, Premium Billing, and Edge Server solutions for insurance carriers of all sizes participating in Federal and State Health Insurance Exchange (HIX) Marketplaces. Softheon’s Marketplace Connector Cloud (MC2) has been trusted by health plans in all 50 states as an accelerated federal, state, and private exchange integration platform. Softheon MC2 is a Software-as-a-Service (SaaS) solution where insurers pay a one-time activation and ongoing PMPM fees for exchange members only, while eliminating most, if not all, risks associated with ACA enrollment compliance and other mandates.
SUNY Stony Brook University CEWIT has established New York as a national leader in these technologies. CEWIT is an unparalleled resource, advancing the science and technology underlying the next epoch of the information revolution. Guided by innovative industrial partnerships, the programs not only address science and technology issues, but culminate in the transfer to commercial applications, resulting in increased employment through established ventures and the creation of new enterprises within the State.