Verisk Health Acquires TierMed Systems

Verisk Health, Inc., a healthcare data analytics firm based in Waltham, Mass., has acquired through a subsidiary the assets of TierMed Systems (Chanhassen, Minn.) a provider of HEDIS (Healthcare Effectiveness Data and Information Set) software solutions.

The TierMed solution suite allows managed care organizations to calculate and submit HEDIS results to the National Committee for Quality Assurance, improve quality in covered populations, and reduce administrative overhead associated with quality reporting, says the company.

Terms of the transaction were not disclosed.