Quadrant 4 joins Private Exchange Coalition

SCHAUMBURG - Quadrant 4 System Corp. has joined The Private Exchange Coalition.

PEC is an industry association for organizations affiliated with private exchanges and includes Connecture, Array Health, Bloom Health, ConnectedHealth, Softheon and Leavitt Partners.

The Private Exchange Coalition was originally formed by five private exchange technology vendors as a means to promote shared industry standards, best practices and increase awareness of the ways private exchanges improve the selection, administration and use of employee benefits. PEC aims to help establish private exchanges as a long-term solution for enabling consumers to easily evaluate and select employee benefits that best meet their health care, economic and lifestyle needs. The PEC will be a catalyst for bringing best in class e-commerce solutions to the employer-sponsored insurance market.

"Each participating organization possesses a desire to see the Affordable Care Act work for all stakeholders," said Robert Steele, president of Quadrant 4 Health. "We are thankful to Leavitt Partners for their help in uniting Quadrant 4 with the PEC and look forward to identifying best practices for our industry through this esteemed group.

"We believe our Social, Mobile, Analytic and Cloud (SMAC) approach to building platforms will bring a unique perspective to the PEC and look forward to being a contributing member," Steele added.

Quadrant 4 Executive Chairman Dhru Desai said the coalition "is quickly becoming the premier industry group dedicating to improving consumer exchange literacy, advocating on behalf of the industry with a common voice and developing data interoperability standards."