Emdeon, the Nashville, Tenn.-based revenue cycle management company, has announced that it has acquired the Miami, Fla.-based Altegra Health, a data aggregation and analytics vendor, for $910 million in cash.
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 products designed to help customers elevate care quality, optimize financial performance and improve the member and patient experience, the companies say.
As one of the largest financial and administrative networks in the U.S. 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. Altegra Health offers its products and services nationally in partnership with many of the largest Medicare Advantage and Managed Medicaid health plans, as well as health plans operating on the rapidly expanding commercial healthcare exchanges.
"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,” Neil de Crescenzo, president and CEO for Emdeon, said in a statement. 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."
Last year, Emdeon ranked 11th on Healthcare Informatics’ list of top 100 health IT vendors in terms of U.S. revenue. This year’s HCI 100 list will be released on July 13.
