NEW YORK, Jan. 12, 2021 /PRNewswire-PRWeb/ -- HHAeXchange
("HHAX" or "the Company"), the leading provider of homecare
management solutions for payers, providers, and state Medicaid
agencies, today announced that the Company added 550 new logos to
its client roster during 2020. The HHAX SaaS platforms now touch
nearly 6,000 homecare providers and payers, covering more than 1
million lives.
2020 proved to be a period of increased awareness and expansion
for the homecare industry, a new normal resulting from the COVID-19
pandemic creating a greater need for safe care in place. The U.S.
Bureau of Labor Statistics projected the home health industry will
grow 54% between 2016 and 2026, as more people turn to home and
community-based services as a way to safely receive care in
uncertain times.
Increased demand requires that the industry scale to support
both caregivers and those needing services. This year, the Company
reported greater adoption of its Electronic Visit Verification
(EVV) technology, which offers the capacity to manage additional
compliance and data requirements mandated by payers and state
Medicaid agencies. Additionally, to combat the spread of COVID-19,
HHAX developed a Caregiver Screening Tool, which has screened more
than 100,000 caregivers for signs of infection.
"HHAeXchange is incredibly well-positioned for the rapid growth
projected in the homecare space," said Greg
Strobel, CEO of HHAeXchange. "We are fortunate to have built
a strong foundation over the past decade, and our team is
constantly innovating to meet the growing demand placed on
providers, payers, and states to ensure their homecare goals are
met, clients or members are appropriately cared for, and caregivers
are supported."
As the need for traditional homecare services has grown, so too
has the interest in self-direction as a strategy for long-term care
services. Identifying this trend and those behind the effort to
develop innovative programs, HHAX acquired Annkissam, a leading
provider of software for self-directed services, in October 2020. According to Annkissam,
self-directed services increased by nearly 20% in the first nine
months of 2020 and are expected to continue to expand nationally as
a method to improve quality and lower the cost of care. COVID-19
highlighted the importance of self-direction as many clients
preferred or at least explored this option in 2020.
HHAX also celebrated two state EVV aggregator wins this year,
having been awarded contracts by both the West Virginia Bureau of
Medical Services and the New Jersey State Medicaid agency to
aggregate Medicaid beneficiary visit data on their behalf. The
Company will support the states' open EVV models by consolidating
all visit data regardless of the EVV system being used, reducing
administrative burden, and delivering powerful data visualization
and analytics dashboards to manage provider compliance and ensure
all participants are receiving the right care, at the right
time.
2020 also marked the sixth consecutive year that HHAeXchange was
named to the Inc. 5000 List, the most prestigious ranking of the
nation's fastest growing private companies, achieving a distinction
earned by a very small percentage of companies. Newly-acquired
Ankissam also received recognition as a Top Place to Work by the
Boston Globe for its third consecutive year.
About HHAeXchange
Founded in 2008, HHAeXchange is the leading technology platform for
homecare and self-direction program management. Developed
specifically for the Medicaid patient population, HHAeXchange
connects state agencies, managed care payers, providers, and
caregivers through its intuitive web-based platform, enabling
unparalleled communication, transparency, efficiency, and
compliance. For more information, visit hhaexchange.com.
Media Contact:
Kaitlin Olcott, Director of
Marketing
kolcott@hhaexchange.com
Media Contact
Kaitlin Olcott, HHAeXchange,
631-938-1479 5542, kolcott@hhaexchange.com
SOURCE HHAeXchange