Marketplace name: qHIX
CEO or Practice Leader: Robert Steele, president of Quadrant 4 Health
Main Location / Headquarters: Rolling Meadows, IL
Founded / Exchange Launched: 2013
Website: Please click here
Membership/number of lives currently on platform: As of July 2014; there were approximately 100,000 lives covered by 5 QHIX contracts.
Segment size preference (“target business size”): Executives say that they can accommodate any client
States of operation (if available): National
Are employers required to use a defined contribution: No; defined contribution or defined benefit
Carriers Offered: May depend on what carriers a client requests on the platform
Decision Support: Offers decision support tools; Allows employers & employees to plug in data (age, budget, etc) and shop for wide variety of benefits
How does exchange get compensated: According to a recorded interview, Quadrant 4 is compensated for their exchange platform in two ways; configuration and customization fees ( up front paid in advanced) & per employee per month fees (reoccurring monthly revenue) 2-5$ for each life on platform.
Standard or Custom Product Configuration: Members can choose from up to 20 different plans
Do They Utilize Other Technology Company Solutions: No
Single-carrier or Multi-carrier: Supports single-carrier and multi-carrier private exchange models