Emdeon’s Altegra Health acquisition strengthens value-based care offerings
NASHVILLE, Tenn. — Emdeon on Thursday closed its previously announced acquisition of Altegra Health. The acquisition combines Altegra Health’s risk adjustment and quality analytics platform with Emdeon’s Intelligent Healthcare Network, revenue cycle technology and payment solutions, enabling the delivery of products designed to help customers elevate care quality, optimize financial performance and improve the member and patient experience.
With this acquisition, Emdeon is better positioned to support healthcare organizations as they transition to value-based care models, the company said.
“The powerful combination of our people and solutions will allow us to further leverage our Intelligent Healthcare Network, as we expand our customer relationships and help them thrive in the world of value-based healthcare," Neil de Crescenzo, Emdeon president and CEO, said. “Altegra Health has created leading end-to-end solutions that provide health plans and other risk-bearing organizations with the data, insights and related services they need to expertly manage care, ensure appropriate reimbursement and engage individuals in improving their use of the healthcare system.”
Emdeon’s Intelligent Healthcare Network reaches 750,000 physicians, 105,000 dentists, 60,000 pharmacies, 5,000 hospitals, 600 vendors, 450 laboratories and 1,200 government and commercial payers and processed approximately 8.1 billion transactions in 2014.
“This is an exciting time for organizations focused on delivering measurable value to a rapidly evolving healthcare marketplace,” noted Kevin Barrett, who joins Emdeon as EVP and president of Altegra Health. “Being part of Emdeon allows us to continue our growth as a leading provider of quality measurement and risk analytics, revenue management and eligibility and enrollment solutions to health plans and other risk-bearing organizations, as well as expand into emerging areas important to our customers.”