Emdeon to acquire Altegra Health
Emdeon announced that it has entered into a definitive agreement to acquire Altegra Health, a provider of technology and intervention platforms that combine data aggregation and analytics with unique member engagement and reporting capabilities to achieve actionable insights and improved management for value-based healthcare. The acquisition will combine Altegra Health's risk adjustment and quality analytics and Emdeon's Intelligent Healthcare Network, revenue cycle management and payment solutions, enabling the delivery of innovative products designed to help customers elevate care quality, optimize financial performance and improve the member and patient experience.
Together, Emdeon and Altegra Health will be uniquely positioned to support healthcare organizations as they navigate unprecedented marketplace disruption, including the growth in exchange-based insurance markets and the transition to value-based care models models. The combination of the two companies is expected to strengthen the existing capabilities of both organizations and also create new, innovative platforms that will address the opportunities and challenges created by the evolution of a more dynamic healthcare marketplace and regulatory landscape.
As one of the largest financial and administrative networks in the United States healthcare system, Emdeon's Intelligent Healthcare Network reaches 700,000 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.
"Our health plan, provider and pharmacy customers look to Emdeon for innovative solutions to their most challenging problems," said Neil de Crescenzo, President and Chief Executive Officer for Emdeon. "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. By adding these capabilities and leveraging our Intelligent Healthcare Network, we can further expand the products and services we provide our customers as they address the needs of value-based healthcare."