Company Info

Company Name

HippaWare, LLC

Member Type

Startup

Website

http://www.hippaware.com

Description

HippaWare is an online platform designed to help insurance firms manage a higher volume of clientele quickly and accurately.
HippaWare Launches, Offering Automated Client Management for Insurance Firms
Newly launched agency management system delivers powerful scalability software
 
April 1st, 2018 – HippaWare has announced the official launch of their automated client management platform. The new online platform has been designed to enable insurance firms to manage a higher volume of clientele quickly and accurately.
 “We believe in order to grow sustainably; you need both great people and a strong online platform, providing them a support system to manage accounts efficiently, while allowing you to scale up. Scalability is really the key to growth. You need to be able to process more clients, stay compliant and manage day-to-day demands and deadlines.”
 Insurance brokers, brokerage firms, enrollment firms, third party administrators (TPAs), and reinsurers alike can leverage the HippaWare platform to handle all aspects of managing and adding new clientele. For instance, HippaWare seamlessly handles:

Complex paperwork (RFP’s and Quote Comparisons – it does the math for users)
Compliance (getting all required contracts and documents completed on time and notifying users when something is not in place)
Client communication (Claims Tracking, to-do list action items, and call logs allowing users to show their client how much they are doing, creating trust and retention)

 By automating workflow processes, HippaWare ensures checks and balances are accounted for by assigning, tracking, completing, and verifying critical data and tasks. For firms, this means an added layer of security when it comes to quoting, complex compliance issues, documentation, customer data, installation, maintenance, renewals, and customer service.
 Insurance firms are finding that without the backbone of a structured and customized platform, customer data is difficult to track during quoting, sales, maintenance, ACA compliance, retention, renewals and deadlines. HippaWare delivers a scalable, cloud-based solution for workflow management that makes it easier for companies to structure their growth with minimal staffing. The platform is accessible from any electronic device, including tablets and smartphones, and the intuitive interface ensures ease of use and minimal training.
 Within the platform, users have their choice of the HippaWare Electronic Health Application and the full Agency Management Suite.
 Released Now: The Electronic Health Application features a comprehensive electronic medical questionnaire for quoting self-funded health plans (available in both English and Spanish). Fully HIPAA compliant, the application features two-factor authentication for optimum security, and double encryption on the server adds an extra layer of protection. For applicants without internet access, a printable version of the application is available. An employee census data loader offers broker self-service, and a customizable census report allows for quoting, onboarding, and installation purposes. Password encrypted PDF reports are available for stop-loss underwriters and carriers.
The HippaWare full Agency Management Suite features all of the benefits of the Electronic Health Application software plus quote tracking for self-funded Employee Retirement Income Security Act of 1974 (ERISA) health plans, including stop-loss proposals, major medical BUCA (BlueCross United Healthcare Cigna, Aetna), and other employee benefit products such as dental, vision, STD/LTD, accident, life, and more. Contract facilitation and tracking for compliance is also available, as well as a call log for tracking daily customer management. Sleek to-do lists give customers a way to track progress and cost-time analysis. Built-in printable mailing lists are also available, as well as custom settings for contracts and plan designs.
 The full Agency Management Suite also features a RFP proposal generator, quote tracker, and quote comparison tool with renewal automation so you can copy last year’s work. Compliance reports and licensing tools offer the ability to upload broker licenses, record letters, contact information, call logs, customer claims, overdue items, and anything else brokers, customers, and vendors need to remain in compliance. Expanded contract management CRM offers benefits for agencies, brokers, customers, and vendors.
 About HippaWare
 HippaWare helps insurance industry professionals add new clientele by automating and managing all aspects of paperwork, compliance, and communication.
 
Contact
 
HippaWare
Phone:             540-283-2835
E-mail:             [email protected]
Website:           hippaware.com

Sector(s)
City

Roanoke

State

Virginia

ZIP/Postal Code

24015

Country

US

Contact Person

Contact First Name

Alecia

Contact Last Name

Nash

VIRAL

VIRAL Level(s)

4

Team VIRAL

2

Problem & Vision VIRAL

9

Value Proposition VIRAL

1

Product VIRAL

7

Market VIRAL

2

Business Model VIRAL

3

Scale VIRAL

3

Exit VIRAL

1

VIRAL Level 4: Attacking the Market

You’ve validated that your product or service is worth investing in.

You’ve defined your market, and now you’re planning on how you’re going to attack it.

What investors at this stage are likely to like about your business:

  • Your initial traction.

    You’re going to want to highlight both a story of an initial customer–who did you sell to? Why did they buy it? How is their life different?–as well as numbers behind why that customer isn’t alone.

  • Your market size.If you’re raising venture capitalventure investors will want to know that you’re attacking a market of at least $1B. You’re going to want to talk through how big the market is for products like yours, and how you can logically capture meaningful market share. NOTE: A best practice for this is to walk an investor through growth. “The market for human resources technology is $300B. The market for job-matching software is $30B. The market for job-matching software that attracts young people coming out of school is $10B.” is much better than “The market for human resources technology is $300B, and if we can achieve just 1% of market share, we will be a $3B company!” (It’s very, very hard to achieve just 1% of market share.)
  • Your team’s experience in your market.You’re starting to get to the point where, in order to grow, you’re going to need major strategic partnerships for sales and distribution. You’re outgrowing the time where it’s charming and exciting to be inexperienced; now you need to prove your bona fide experience in the market.

What investors at this stage are likely to ask questions about:

  • Your team’s capability beyond the founders.

    You’ve likely gotten this far because you have awesome founders. But teams build companies. Who is running your sales-and how are they “as good or better” as your founder? Who is running product? The founder or founders are probably getting to a point where they are stretched thin. Who is on your team–or who would you bring on your team if you could afford them? That’s why you’re raising money!

  • Your unit economicsIt’s possible, even likely, at this point that you are making revenue, but still unprofitable as a company. Investors will care, though, that you are profitable–at a unit level (each product or service you sell makes more than it costs). If you don’t know what your “customer acquisition cost” is, as well as your “lifetime value of a customer,” you should start to figure out–and make a case to investors that, as you grow, your customer acquisition cost is decreasing and the lifetime value of each customer is increasing.
  • Customer validation beyond early adopters. An investor will want to know that you are able to sell to a large enough market to justify investment. How can you demonstrate that you are making progress beyond early adopters? Do you have data on customer satisfaction (a net promoter score?) Are you tracking customer referrals, and for new sales, do you track outbound versus inbound leads? An investor who wants to help you reach the next stage will want to know these numbers.

X
- Enter Your Location -
- or -

HippaWare, LLC

Profile picture of HippaWare, LLC

@hippawarellc

active 3 months, 1 week ago