Friday, June 10, 2011

Health Insurance Geeks & Technology Companies

So we started our company and knew we wanted to be different. Somehow my co-founder and I started our careers during the HMO invasion in New York City and worked for a company that was at the forefront led by someone still called a visionary. That company was Oxford Health Plans. Good or bad it taught us how to be innovative, create a vision, and to always go waaaaaaaaaaaaay above and beyond. It was just the way at that company during the time we worked there.

That said, we also knew we would build our own version of something in the bloated, stodgy world of health insurance, and frankly, we never felt the health insurance companies ever did anything efficient. Having spent the greater part of 10 years building great efficient models within large commercial banks, we learned also that banks too were pretty bloated, though they were at the same time looking for quick scores. They could not bear to wait a few years to see progress....so that brings us to Health Insurance Geeks and how we started and what our mission was to become....be different, think big, never lose focus of who got you here THE CUSTOMER, and always take the methodical patient approach of completely changing a paradigm. We did this with a small dedicated staff, and also found that the very companies that too were breaking ground in technology, love us too....the great market of digital technology, internet advertising, mobile technology....basically anything utilizing all of the great laptop/mobile creations of the last 10 years and how to drive new companies towards it.... we have a stable of technology companies as our customers and boy are we lucky that is what happened. It has spawned a frenetic growth spree, and just when you think you do not want to raise money and take your model to the rest of the United States, you find investors knocking on YOUR doors....not how it was in the beginning when we needed capital, but my co-founder and I decided to reach in to our own pockets, use our money...talk about skin in the game. We got scalped, thank God! Teaches you how to run a lean and mean company but beat the competition, and to always look for a better, more efficient way.

So it is perfect that bloated insurance companies are getting tee'd up by the current administration with talks of reform and more reform....btw, we will never have a complete reformation, but rather bits and pieces over time that will erode the current way of doing business. Think insurance companies always put the customer first....how about this tidbit, many NY and NJ area health insurance companies are pulling their low-priced high-deductible plans, because they ARE WORKING and driving down premium, and creating consumer directed models, but are screwing up their PROFITABILITY....these clowns....

So anyone reading this can probably smell the passion right through the computer, I live, breath, read, listen to anything consumer-directed because it is the way we are saving and delivering for our technology and non-technology companies alike....any time of business that likes to break through and think out of the box, owes a chat, call, email, something to www.healthinsurancegeeks.com....we lead our prospects and customers right to the fountain of premium "youth".....