CHICAGO, July 16, 2013 (GLOBE NEWSWIRE) -- Q4 Systems Corporation (OTCBB:QFOR), a leading IT product and services company, has launched the QHIX Private Health Insurance Exchange Platform to streamline benefits administration while offering their users an unprecedented array of features, flexibility, and ease of use.
The platform offers a complete set of functionalities and interfaces for Health Plan Administrators, Payers, and Health Care Providers, as well as groups and individuals looking to purchase insurance through the health insurance exchange marketplace. Employers appreciate the opportunity to offer competitive benefits to their employees, which is a vital attraction and retention tool, while simultaneously reducing their administrative responsibilities and costs.
"We developed the QHIX Platform in response to a number of key factors – the rise in benefit costs, the Patient Protection and Affordable Care Act (PPACA), and robust innovations in cloud technology – that are transforming the provision of employee benefits," said Robert Steele, Q4 Systems' Chief Sales and Marketing Officer and 30-year Healthcare Industry veteran. "Q4 Health offers a true solution for individuals and employees to shop health insurance products, and a feature-rich, personalized end-to-end member management experience for all the stakeholders."
Mr. Steele cautioned that in response to the PPACA, new companies and benefits platforms are entering the market that may not be backed by the kind of IT resources and Healthcare Industry experience to deliver a truly comprehensive and HIPAA-compliant solution. "With 30 years of healthcare technology solutions experience, we are proud to stand by our 'Live In Five' promise that we can configure and deploy a benefits program for an employer in 5 days (most competitors take 3-8 weeks). Comprehensive features, faster time-to-market, flexibility and support make us stand out as industry leaders and the clear choice."
Q4 Health will be presenting the QHIX Private Exchange Platform this week at the Private Healthcare Exchanges trade show at McCormick Place in Chicago, Illinois, July 17-18, 2013.
About Q4 Systems Corporation
Q 4 Systems Corporation (QFOR), a SMAC company, specializes in Social, Mobile, Analytics and Cloud-based IT technologies and solutions. The company delivers end-to-end information technology solutions to its clients through a unique blend of product solutions, consulting, software development & maintenance, cloud-based products and technology from its global delivery centers. The company currently focuses on the Healthcare, Financial Services, IT Consulting, and Retail sectors.
Forward-Looking Statements
This release contains forward-looking statements, which are subject to the inherent uncertainties in predicting future results and conditions. Any statements that are not statements of historical fact should be considered to be forward-looking statements. Certain factors could cause actual results and conditions to differ materially from those projected in such forward-looking statements. We do not undertake any obligation to release publicly revised or updated forward-looking information, and such information included in this release is based on information currently available and may not be reliable after this date.