U.S. based healthcare technology company, hCentive Inc., to invest Rs. 750 crores in its India R&D centre
Mumbai, India, September 21st, 2015: hCentive Inc., a leading health insurance exchange solutions companyheadquartered in Reston, Virginia (Washington D.C. area), has announced ambitious investment and hiring plans for its R&D centre in India.
hCentive has R&D centres in the U.S. and India (Noida) and employs over 750 people with about 600 based in the India R&D centre. It plans to invest Rs.750 crores in India over the next five years at its R&D centre and expects to ramp up its India team by about 25% over the next twelve months. The announcement comes on the heels of Prime Minister Narendra Modi’s ambitious ‘Skill India Mission’, which aims to professionally train 40 crore Indians by 2022.
hCentive provides cloud-based / Software-As-A-Service (SaaS) solutions to U.S. government agencies, carriers, and brokers to offer health insurance and benefits to consumers and businesses. The company has witnessed rapid growth since its inception in 2009, making the Inc. 500 list of fastest growing private companies in America for the past two consecutive years.
VJ Bala, Senior Vice President and Head of Marketing at hCentive said, “As our research and development hub, our India office will see continued investment for hiring and scaling the infrastructure and facilities to support our aggressive growth plans. We are committed to hiring top talent with competitive compensation and benefits in the IT industry.”
hCentive was one of the first companies in the U.S. to build health insurance exchange solutions from the ground-up after the Affordable Care Act (ACA) was passed. The company rapidly expanded to offer public and private health exchange marketplaces to tap both government and commercial markets in the U.S.
“As we become a leading healthcare technology company in the U.S., we will continue to nurture a skilled talent pool in India to bring innovative solutions to market. We are looking at talented software product developers, engineers and business analysts to build next generation skills in SaaS/cloud-based products and Agile methods for healthcare,” added Bala.
The news buoys confidence in the Indian market since hCentive has also invested significantly in skill training sessions in the country at its R&D centres in Noida. hCentive recently conducted 50 plus learning and development sessions with over 600 participants to hone the professional skills of its employees and prepare them for the future. The sessions, which covered technical, soft skill and leadership topics, were well received with participant rating of 4.5 out of 5.
“The Indian IT market still needs more people with relevant software product experience in healthcare and health insurance. The skill gap is a big challenge, so we are hiring and training recruits in healthcare domain and soft skills in addition to technical skills,” added Bala.
hCentive was founded in 2009 by Sanjay Singh, Manoj Agarwala and Tarun Upadhyay. USA Today named CEO Sanjay Singh a Top Ten Finalist for ‘Entrepreneur of the Year’ in 2014.
At hCentive, our mission is to empower everyone to gain access to health benefits. We are a leader in public and private exchange solutions that simplify the distribution and management of health insurance and ancillary benefits. Our WebInsure™ solutions fully support government agencies, insurance carriers, and brokers as they engage consumers and businesses and offer transparent access to benefits choices. Our innovative technologies deliver an integrated online benefits shopping and enrollment experience that is convenient and available anytime and anywhere.
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