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

2.7More
TypeSubsidiary
Parent CompanyHarris Computer Systems
HQMilwaukee, WI, US
Founded1997
Websiteconnecture.com
Cybersecurity ratingAMore
Connecture was founded in 1997 and is headquartered in Milwaukee, WI, US

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Key People/Management at Connecture

Jeff Blattner

Jeff Blattner

SVP, Innovation & Product Strategy
Sharon Poturica

Sharon Poturica

SVP, Product & Compliance
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, WI, US (HQ)
1433 N Water St #400
Atlanta, GA, US
55 Ivan Allen Jr Blvd NW #400
Chicago, IL, US
Chicago, IL, USA
Columbia, MD, US
5550 Sterrett Pl STE 309
Durham, NC, US
68 T. W. Alexander Drive
Farmington, NM, US
Farmington Ave
Show all (8)

Connecture Financials and Metrics

Summary Metrics

Founding Date

1997

Total Funding

$131.6 m

Investors

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)
USDQ1, 2015

Revenue/Employee

54.3k

Debt/Equity

-1.5 x

Debt/Assets

0.5 x

Financial Leverage

-2.9 x
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Connecture Cybersecurity Score

Cybersecurity ratingPremium dataset

A

91/100

SecurityScorecard logo

Connecture Online and Social Media Presence

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Connecture Company Culture

  • Overall Culture

    D+

    61/100

  • CEO Rating

    F

    43/100

  • Compensation

    D

    55/100

  • Diversity

    D+

    61/100

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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

ConnectureDRX Introduces Medicare Edge for Small- to Mid-Sized Insurance Agencies

March 31, 2021 – ConnectureDRX is pleased to announce Medicare Edge, a one-stop shopping experience for Medicare plan comparison, quoting and enrollment for smaller insurance agencies. Small- to mid-sized agencies now have a digital tool as they prepare for Medicare’s Annual Election Period 2022, be…

Medication Adherence OR Non-adherence? Both are Impacting your Star Ratings.

According to the World Health Organization, people with chronic illness adhere to prescribed medications about 50 percent of the time, a statistic that has stayed constant over many years. What’s even more notable is that medication adherence can have an even greater effect on patient outcomes than …

Why proactive communication matters most to health plan members

Health plans that proactively engage members can realize significant member satisfaction (JD Power 2020). Health plans, however, fall short in this area for a number of reasons.  Health plans often fail to communicate: 1) Information that is valuable to the member, 2) In a way that is easy for the m…

Is Your RX Data Influencing Your Star Ratings?

Medication nonadherence is a significant health problem today. Between 25% and 50% of patients worldwide do not take their medications as prescribed and 125,000 deaths in the U.S. have been attributed to nonadherence, according to the CDC on the new landscape of medication adherence improvement. Tha…

Improve Star Ratings with this Easy Switch

When health plan members switch to lower-cost medications, they keep money in their pockets. And that’s not all. As cost is also the one of the biggest barriers to taking medication as prescribed, money saved leads to greater medication adherence. And when adherence improves, a rise in star ratings …
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Connecture Frequently Asked Questions

  • When was Connecture founded?

    Connecture was founded in 1997.

  • Who are Connecture key executives?

    Connecture's key executives are Jeff Blattner, Sharon Poturica and Aaron Downend.

  • How many employees does Connecture have?

    Connecture has 170 employees.

  • What is Connecture revenue?

    Latest Connecture annual revenue is $76.7 m.

  • What is Connecture revenue per employee?

    Latest Connecture revenue per employee is $451.4 k.

  • Who are Connecture competitors?

    Competitors of Connecture include Valify Marketplace, Pattern Health and Nava.

  • 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.