Erik Wissig | Blogspot

A seasoned investment banker, Erik Wissig is a founding executive and CFO of technology startup Hixme. Erik Wissig’s firm is disrupting the large employer health benefits group model with a new technology driven worker-owned health benefit approach. Hixme’s latest offering is the online Insurer Profile Database Tool. The Insurer Profile Database Tool enables the comparison of profiles on hundreds of insurers that are offering thousands of plans throughout the country. The groundbreaking tool assembles over 100 data points from close to 200 insurers. Information that can be compared includes special program features, operating procedures, technology features, methods of application, networks, and service areas, among others. This is the first instance when all this information is assembled in one location where it is integrated and converted into useful analytics.  A treasure trove of insights may be obtained from this data, and awareness of the nuances of each insurance company...

Erik Wissig serves as Hixme Insurance Solutions, Inc.’s chief financial officer and provides technology-enabled health benefit solutions that are worker-owned and meet the needs of large organizations. As described by the Hixme’s CEO, Erik Wissig’s firm is addressing a nationwide situation in which health care costs are rapidly increasing.  According to CEO Denny Weinberg, Hixme ’s approach centers on the prevalence of over-insurance, with coverage that far exceeds most people’s actual needs draining resources that could better be used elsewhere. A major reason costs are rising is that coverage is essentially designed to meet the needs of a small fraction of employees. The answer is to empower workers through choice when selecting a plan.  Through Hixme, employers can provide custom coverage while avoiding the need to design health care packages themselves. Employees are given tools to compare and shop, with brokers helping them select ideal coverage sized to the needs of t...

Erik Wissig serves as Hixme Insurance Solutions , Inc.’s chief financial officer and oversees a technology-driven platform in the group benefits sphere. Emphasizing innovative solutions that place employees in the driver’s seat when it comes to health benefits, Erik Wissig’s company enables employers to optimize their activities within the individual health insurance market. Interviewed by Forbes, Mr. Wissig described his company as fulfilling an essential role within an Affordable Care Act-influenced health care landscape in which it can be extremely challenging to predict evolving regulatory mandates and areas of price increase. Within a commission and reimbursement environment, a key focus is finding a sustainable revenue model, given that health care providers have limited flexibility in adjusting service and product pricing. Hixme has identified these challenges and found ways of enabling companies to reevaluate their systems in ways that protect worker coverage while containin...

As chief financial officer of Hixme Insurance Solutions, Inc., Erik Wissig guides a technology-enabled firm that provides larger companies a platform for enabling employees to take ownership of their health benefits. Erik Wissig and others at Hixme provide an in-depth look at issues confronting clients through dedicated webinars, including a recent one on “The Battle of the HR Professional: A Deep Dive into the Benefits Function.” Speaking on the webinar, Hixme CEO Denny Weinberg addressed specific challenges related to benefits, which he defined as the most costly among the full array of issues that HR professionals deal with. With HR professionals focused on attracting and retaining top level talent, they must balance financial constraints and competitive pressures.  Within the benefits sphere, battlegrounds have emerged on a number of fronts amid a landscape of rising “out-of-control” costs and third-party health coverage purchases that are uneconomical. One goal of Hixme is...

Reposted from  Forbes.com Jeff Thomson:  The healthcare industry has undergone fundamental transformation over the past few years. What are the greatest challenges the finance department has faced as a result and how are you addressing them? Erik Wissig:  The broad-based cost increases and regulatory uncertainty across healthcare and health insurance has exacerbated two key challenges: 1) anticipating where increases and changes will materialize and getting out ahead of them as an organization; and 2) a revenue model based on a reimbursement or commission environment that is continuously under pressure, where healthcare providers have limited ability to adjust pricing for their products and services provided. For example, the ACA has impacted everyone in and outside of healthcare in some way. Many organizations are struggling to understand its impact and how best to deal with it. The finance department is challenged with identifying the impact on its business and s...