A respected presence in the online health care benefits sphere, Amir Pirnia helps guide Hixme Insurance Solutions, Inc., as engineering vice president. Focused on streamlining the benefits process, Amir Pirnia and his team enable companies and employees alike to achieve cost savings through Right-Fitting Coverage (TM).
Hixme CEO Denny Weinberg recently sat down with California Broker Magazine and spoke about persistent traditional large group marketplace issues and his firm’s disruptive approach to coverage.
Emphasizing that brokers have a critical function to fulfill, he describes a situation in which employers constantly struggle to afford a system of health care insurance that is “inherently inflationary.” Pushing these costs onto workers is problematic, as it impacts companies’ ability to attract and retain top talent within a tight employment market.
A major issue is that traditional group plans are “over-structured” and allocate major benefit funds toward health care needs that only relate to a small number of employees. Unfortunately, the ability to lower costs only comes through the leverage of size, and even large companies lack the millions of workers’ base of funding necessary to exert change.
Hixme overcomes this by moving beyond an “employer-by-employer” coverage model. Its platform encompasses a nationwide base of workers and their dependents. Mr. Weinberg likens this approach to the creation of the 401(k), when the need for reform in rigid employer-based retirement income plans led to a system of individual choice and matching funds.
As vice president of engineering at Hixme, Amir Pirnia heads product development and technology strategy. Amir Pirnia leads the design of the firm’s scalable cloud platform, a platform that uses data science and analytics in customizing employee benefits.
Los Angeles-based Hixme is out to disrupt the current large employer health benefits model by helping employers migrate to private health insurance exchanges. This move eliminates the uneconomical yearly reworking of employee health coverage that often causes problems for both employees and employers.
Collaborating with over 170 insurance carriers, including BlueCross and Kaiser Permanente, Hixme provides a core health plan that covers the critical needs of workers in a company. This is layered with on-demand non-hospital and hospital safety net coverage called a Hixme Health Bundle, as well as an optional Hixme Plus Safety Net, which provides extra coverage beyond the bundle.
The analytics-driven cloud platform used to deliver this service takes into account the unique needs of family members and results in coverage that is appropriate for each family member. This approach has been shown to result in significant cost savings, as post-migration premiums typically drop by 15 percent.
An MBA graduate of Northwestern University, Amir Pirnia serves as engineering vice president of Hixme Insurance Solutions, Inc., in Los Angeles, California. During his nearly three years at the company, Amir Pirnia has been behind some of its biggest developments, including the rollout of a massive online insurer profile database.
When it comes to the direct-to-consumer health plan sector, it can be hard to get a handle on the voluminous amount of information such as service plans, payment types, telemedicine benefits, and the like. Hixme has made that process easier, however, with a first-of-its-kind Insurer Profile Database Tool that has gathered and sorted data across 100 different points and 200 different insurance providers to put all that information in a sortable, searchable format.
In her comments, Hixme vice president Karen Albanese referred to the database as an “electronic insurer scorecard” that allows users to get the most up-to-date information in a consumer health coverage sector that’s rapidly changing. To learn more about this and other tools that Hixme offers, visit hixme.com.
An IT executive with more than 15 years of experience, Amir Pirnia serves as the vice president of engineering at Hixme, a Los Angeles firm that uses innovative technology to improve the obsolete group health insurance model. Amir Pirnia leads the company’s technology and new product development efforts.
Hixme recently unveiled an exclusive health-cost simulation tool that will help the companies it serves reduce insurance costs and find the right plans for their needs. Developed with the support of design partner Axene Health Partners (AHP), BundleMe compares the structures and coverage levels of traditional health plan programs with Hixme’s bundle solutions.
BundleMe makes comparisons using the health care costs of a random sample of individuals. The tool reprocesses the claims of the sample population to show the potential cost savings that a Hixme bundle would provide.
By presenting detailed and quantifiable comparisons of the available health plans, BundleMe makes it easy for users to select the most effective and affordable bundle solution. This leads to benefits for both employers and employees.
A graduate of the Northwestern University Kellogg School of Management, Amir Pirnia holds an MBA with an emphasis in marketing management and strategy. Amir Pirnia leverages his training and experience to serve as the vice president of engineering at Hixme, where he is rethinking how technology can be used in health insurance services.
Hixme is changing the health insurance paradigm by putting decisions back into the hands of employees. With its unique employer toolkit, Hixme uses analytics to create a plan for each organization according to its employee-centric benefits model.
Hixme recommends the best plan for each employee and that employee’s family and strives to maximize the value of each plan. By taking responsibility for benefits and guiding employees through the decision-making process, Hixme frees executives from this undertaking so they can focus on their business. To learn more, visit Hixme.com.
As engineering vice president of Hixme Insurance Solutions, Inc., Amir Pirnia helps guide a respected presence in the technology-driven health care sphere. The focus of Amir Pirnia and his team is on providing a cost-effective and tailored way for employees to take control of their health benefits.
One advantage of the Hixme approach is that it helps protect the bottom lines of American workers amidst a situation of ACA/AHCA “ping-pong,” in which there are efforts underway to fix, repeal, or replace elements of the health care reform enacted during the previous White House administration. In particular, the cycle of lessening worker satisfaction and increased costs is leading to the exact type of employer-sponsored health benefits model that Hixme offers.
Hixme is driving an evolution beyond the single employer “pooling” system, which works well only for those companies with thousands of employees and family members covered. Hixme’s model enables employer group coverage to be shifted to bundled “actuarially equivalent coverage” that emphasizes the use of direct-to-consumer products. This tailors coverage to the everyday needs of those covered and avoids unnecessary costs.
Amir Pirnia has helped several startups grow past their initial years to become large organizations. His expertise in programming, engineering and technology has allowed him to nurture and fuel the potential of . Amir Pirnia is the vice president of engineering at Hixme, a technology leader in the new era of worker-owned benefits which received an investment from Propel Venture Partners, a fintech venture capital (VC) fund, backed by Spanish banking group BBVA.
In 2016, Hixme opened and closed a Series B funding round for $14.1 million led by Propel Venture Partners. Other investors who took part include Rosemark Capital, Transamerica Ventures, and Kleiner Perkins Caufield Byers (KPCB). Hixme’s total funding now stands at $26.6 million.
The company will use the funds to promote Hixme’s Workplace Market platform and the new Hixme Bundle, a product that integrates medical insurance with gap insurances and monetary features that give workers and their families a buffer from the risk of unpredictable health care occurrences. Following the investment, Tom Whiteaker of Propel Venture Partners and Chris Kuenne of Rosemary Capital joined Hixme’s board.
Hixme is Propel Venture Partners’ sixth investment since its establishment in February 2016. Whitaker stated Propel was attracted to Hixme’s innovative use of technology to give employers and their employees flexible health care coverage. This, according to Whiteaker, empowers families by giving them the opportunity to choose the health and financial coverage they need.