Greater Hartford is one of the smallest employment centers for SCIO Health Analytics, but one of the most critical sources of talent, according to CEO Siva Namasivayam.
Namasivayam, who lives in Westport, said the company, which is barely more than five years old, is about to reach the 500-employee mark, with 100 hires in the last year. Of those, 35 work in West Hartford, up from 18 a year ago, when the company’s headquarters were located in Farmington.
The company relocated to 6,674 square feet in West Hartford in January, with more space available in the building for expansion. Namasivayam said it’s possible the Connecticut office could add 25 to 50 people over the next year, depending on the kinds of deals the company strikes.
SCIO offers analysis of health data to help companies prepare for Obamacare. One of health reform’s goals is to reduce costs of health care by only spending money on care that’s effective. One way to reduce costs, policy makers hope, is through better monitoring of people who are released from the hospital, so that they don’t return quickly as their health deteriorates at home.
The company also helps health insurance companies reduce errors in payments.
Namasivayam said he picked the Hartford suburbs for headquarters because SCIO acquired a small analytics company in 2008 that was based in Farmington, and because he happens to live in Connecticut. The other co-founder lives in New Jersey and comes to the office a few times a week.
They are the only administrative workers in Connecticut, however; the company’s human resource department and chief financial officer work in Jacksonville, Fla., the largest U.S. location. Jacksonville has more than 100 employees. About 175 workers, particularly clinicians, either work from home or at client sites. Another 75 people work in Pittsburgh.
Jacksonville is home to claims analysts and clinicians. West Hartford has biostatististicians.
About 125 to 150 computer professionals work for SCIO in Chennai, India.
“They do IT development,” Namasivayam said. “The algorithms we have here, we try to put in software products.”
SCIO had close to $38 million in revenues last year, and is projecting revenues of $50 million this year, as the health care system’s demand for statistical analysis is in its early stages.
“There is a big explosion of big data,” he said. “That explosion is just starting.”
Namasivayam said three or four of the West Hartford analysts live in Boston or in Fairfield County and telecommute most days, but that UConn’s health informatics master’s degree and the health insurance companies are also great sources of talent.
“We are finding the resource pool to get these type of folks” in Connecticut, he said.