Hixme

  • FOUNDING YEAR: 2013
    LOCATION:
    United States
    Last Update: 27 D4ec1, 0
    Global presence:
    US
    Company priority:
    We're on to something big this year!
  • Hixme was created to guide customers through the burden of taking on financial risks that have nothing to do with their core businesses while at the same time freeing the employee to make the best financial and health decisions possible for their family.
    Hixme's technology and service platform was created to guide customers through the burden of taking on financial risks that have nothing to do with their core businesses while at the same time freeing the employee to make the best financial and health decisions possible for their family. This model is only possible due to less well known provisions of the Affordable Care Act (ACA). Hixme's Benefit Workplace Market is an innovative technology-enabled service platform for larger employers providing workers a guided pathway into tailored ownership of their own benefits. The Workplace Market also releases employers from the burdens and restrictions of traditional "Group Pooled" health benefits, but facilitates continued support for the cost of their worker's coverage. Hixme's Workplace Market includes a proprietary benefit-bundling algorithm that creates a precise coverage "Bundle" for each worker and family member. These Hixme benefit "bundles" are composed of carefully matched "Qualified Health Plans" (QHP's), "Gap Insurance" plans, and a unique "Gap Financing" plan. Gap Financing Establishes a healthcare-line-of-credit for all employees. Through Gap Financing, Hixme negotiates, settles, and spreads out-of-pocket cost exposures over 12-month payroll-based repayments. Similar to traditional Employer Group Plans, Hixme establishes simple composite rating, pretax financing for both Employer and Workers, and protects the employer from any ACA related penalties.
  • MEDICI analysts will analyze Hixme soon
    Our technology deals with all the mechanisms to provide workers and their family members a radically more personal alternative in shopping and servicing experience related to their employer provided benefits. With Hixme, it is a transition from a limited set of benefit choices to local, personally owned and portable choices unique to each. Our technology manages all funds flow between and among hundreds of suppliers, thousands of benefit plans, an employers payroll process, and each worker and family member in a simple and transparent way. That’s the core of the model. It’s very different than anything a large employer would have done previously. It allows that employer to give their employees access to this gigantic retail market. It’s not just a health policy. It’s a whole array of new Personalized Benefits in clusters called "bundles" which include various insurances, as well as a personal credit line to cover unexpected deductibles and other out-of-pocket costs. It’s more of a package beyond what a typical employer benefit plan looks like today
    Author: Denny Weinberg
  • FOCUS

    PRODUCTS & SERVICES:
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    PRODUCTS & SERVICES:
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    REVENUE MODEL:
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    TOP PROBLEM SOLVED:
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    PRODUCT DEVELOPMENT STAGE
    B OYNr.0o2DEV
    PRODUCT DEVELOPMENT COMMENT
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    KEY DIFFERENTIATORS
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    PRIMARY CUSTOMER TYPE
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    STRATEGIC CLIENTS AND PARTNERSHIP
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    PEOPLE

    FOUNDERS:
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    NUMBER OF EMPLOYEES:
    1-501
    INVESTORS:
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    FOUNDERS:
    Dan Peate, Karen Albanese
    NUMBER OF EMPLOYEES:
    5-011
    KEY EMPLOYEES:
    CEO: Denny Weinberg
    CTO: Amir Pirnia
    CMO: Chris Pliha
    COO: Erik Wissig
    CRO: Chris Pliha
    BOARD MEMBERS:
    Beth Seidenberg, Steve Mcbeth, Tom Whiteaker, Chris Keunne
    ADVISORS:
    Andrew Pitz

    TRACTION

    Insufficient information for accurate analysis
    ANNUAL REVENUE:
    91$9$M-4.M . 0
    REVENUE COMMENT:
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    NUMBER OF TRANSACTIONS:
    1 K
    TRANSACTIONS VALUE:
    1olil 0niM
    ACTIVE USERS/ACCOUNTS:
    01050,
    ACTIVE USERS COMMENT:
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    LIVE USERS/TRANSACTIONS:
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    How will you grow the number of users/accounts/transactions?
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    CHANNEL STATUS
    CILLNLEAMSPTE UHN
    NUMBER OF CLIENTS OR PAYING CUSTOMERS:
    20

    MOMENTUM

    FUNDED:
    SYE
    TOTAL FUNDING:
    5Mi.o1insl 0l
    DATE OF LAST FUNDING:
    2051
    FUNDING SERIES:
    SERIES A
    ioMsln1i0 l.5 udnf gvwbarwbesxnshwr Closed: 2015
    SERIES B
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    SERIES C
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    SERIES D
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    SERIES E
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    LISTED:
    ON
    FUNDING COMPLETED:
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    FUNDED:
    EYS
    TOTAL FUNDING:
    6 ls1noiM.2il
    LISTED:
    ON
    FUNDING SERIES:
    Seed
    Sep 2013
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    Comment on Seed
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    Comment on Valuation
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    Series A
    Nov 2014
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    Comment on Series A
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    Comment on Valuation
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    Investors
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    Series B
    Sep 2016
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    Comment on Valuation
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    Investors
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    FOR INVESTORS

    FUNDING NEEDED
    0
    MONTHS LEFT WITH CURRENT CASH BURN RATE
    m,11ef 8 mtn 6ro108csDo2 h

    RELATED MARKET RESEARCH


    HIXME VALUE CHAIN - INTERACTIVE SECTOR MAPPING

    TWEETS

    • #Hixme announces VP Product @kvensel90 https://t.co/COtVx9lH2R https://t.co/ysnbMAMvuK
    • Why Are Medication Costs Still Out of Control? https://t.co/ooenlsi9HM
    • Why Are Medication Costs Still Out of Control?https://t.co/ooenlsi9HM
    • @globaliqx We have common interests as hybrid insuretech/fintech startup https://t.co/Ytj7zrUwpH created innovative… https://t.co/JJRGeTHirx
    • Good spotlight. https://t.co/Ytj7zrUwpH is one of new hybrid companies that have created innovative model to tame h… https://t.co/okCkLMaEoK
    • @JoyAnnReid I agree. To tame health care costs "third-party-purchases"that dominate employer coverage models must y… https://t.co/f5ULNyatfb
    • @sangerkatz @ReedAbelson I agree. To tame health care costs "third-party-purchases"that dominate employer coverage… https://t.co/aVZqP5Uez2
    • Taming of health care costs won't happen until "third-party-purchases"that dominate employer coverage models yield… https://t.co/qMIXlvYeQF
    • There will be no real taming of health care costs, until "third-party-purchases", which dominate employer coverage… https://t.co/v0geb3koqn
    • Efficacy vs Popularity – A Dilemma for Large Employers who “Design Their Coverages” https://t.co/vg2BmYRjJv

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