Connecture

Connecture (also known as ConnectureDRX) is a company that offers Medicare shopping, quoting, and enrollment solutions. It provodes PlanCompare ONE, a SaaS solution, that is configurable and fully integrated across multiple channels, supporting all Medicare plan types.

Employee Rating

2.6More
TypeSubsidiary
Parent CompanyHarris Computer Systems
HQMilwaukee, US
Founded1997
Websiteconnecture.com
Connecture was founded in 1997 and is headquartered in Milwaukee, US

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Key People/Management at Connecture

Doug Schneider

Doug Schneider

President
Michael Cho

Michael Cho

Chief Innovation Officer
Aaron Downend

Aaron Downend

Senior Information Security Officer
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Connecture Office Locations

Connecture has offices in Milwaukee, Atlanta, Chicago, Columbia and in 4 other locations
Milwaukee, US (HQ)
1433 N Water St #400
Atlanta, US
55 Ivan Allen Jr Blvd NW #400
Chicago, US
Chicago, IL, USA
Columbia, US
5550 Sterrett Pl STE 309
Durham, US
68 T. W. Alexander Drive
Farmington, US
Farmington Ave
Show all (8)

Connecture Financials and Metrics

Summary Metrics

In total, Connecture had raised $131.6 m. Connecture is a subsidiary of Harris Computer Systems

Connecture Revenue

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Connecture's revenue was reported to be $76.75 m in FY, 2017 which is a 6.3% decrease from the previous period.
Annual
USDFY, 2016FY, 2017

Revenue

81.9m76.7m

Revenue growth, %

(15%)(6%)

Cost of goods sold

56.9m47.1m

Gross profit

25.0m29.7m
Quarterly
USDQ1, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

20.6m17.6m18.7m24.7m18.3m18.3m20.5m

Cost of goods sold

11.3m12.4m13.7m15.9m11.5m12.5m10.8m

Gross profit

9.3m5.2m5.1m8.8m6.8m5.8m9.8m

Gross profit Margin, %

45%30%27%36%37%32%48%
Annual
USDFY, 2015FY, 2016FY, 2017

Cash

5.4m6.2m7.7m

Accounts Receivable

8.4m11.1m

Prepaid Expenses

1.0m

Inventories

652.0k1.2m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

17.4m10.0m7.4m207.0k19.0m16.7m12.9m9.3m10.7m

Accounts Receivable

7.6m9.5m14.0m5.8m9.8m10.9m8.5m10.1m8.6m

Prepaid Expenses

1.0m1.3m1.3m828.0k955.0k1.3m980.0k1.1m1.2m

Current Assets

26.1m20.9m22.7m6.8m29.7m28.8m22.4m20.5m20.6m
Annual
USDFY, 2015FY, 2016FY, 2017

Net Income

(7.3m)(26.5m)(15.5m)

Depreciation and Amortization

5.0m4.6m4.4m

Accounts Payable

1.9m263.0k(1.8m)

Cash From Operating Activities

(22.8m)(24.5m)(14.6m)
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

(5.1m)(9.4m)(11.7m)(7.3m)(17.2m)(20.3m)(3.7m)(8.7m)(8.9m)

Depreciation and Amortization

1.3m2.6m3.8m1.2m2.3m3.5m1.1m2.2m3.3m

Accounts Payable

75.0k689.0k2.2m1.1m748.0k1.4m(1.4m)(1.9m)(1.8m)

Cash From Operating Activities

(6.3m)(13.2m)(14.8m)(5.4m)(15.5m)(17.2m)(10.1m)(13.4m)(11.8m)
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Connecture Online and Social Media Presence

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Connecture News and Updates

Health Insurance Is No Longer a One-Time Transaction

The time when insurers could enroll a member and be done with engagement is as old as ATMs. That was a key takeaway from a session at last month’s AHIP Institute titled “Consumerism and Disruption.”

RFID security for hospitals: What are the use cases?

The first in a four-part series on successfully implementing Radio Frequency Identification explains three ways the tech can improve patient experience and engagement.

Francisco Partners to buy Connecture

Francisco Partners has agreed to acquire Brookfield, Wisconsin-based Connecture Inc, which provides information systems used to create health insurance marketplaces. According to terms of the deal, Francisco Partners will pay $0.35 per share for each share of Connecture common stock not held either …

Connecture Blogs

Connecture Frequently Asked Questions

  • When was Connecture founded?

    Connecture was founded in 1997.

  • Who are Connecture key executives?

    Connecture's key executives are Doug Schneider, Michael Cho and Aaron Downend.

  • What is Connecture revenue?

    Latest Connecture annual revenue is $76.7 m.

  • Who are Connecture competitors?

    Competitors of Connecture include Amino, Hospitals Management and Zentist.

  • Where is Connecture headquarters?

    Connecture headquarters is located at 1433 N Water St #400, Milwaukee.

  • Where are Connecture offices?

    Connecture has offices in Milwaukee, Atlanta, Chicago, Columbia and in 4 other locations.

  • How many offices does Connecture have?

    Connecture has 8 offices.