The acquisition of MDdatacor represents another step in our ongoing strategy to collaborate and innovate to find local solutions that will sustain accessible, high-quality health care.
FARGO, N.D. (PRWEB) November 29, 2011
Noridian Mutual Insurance Company (NMIC), d.b.a. as Blue Cross Blue Shield of North Dakota (BCBSND), has acquired MDdatacor, Inc., a Georgia-based technology firm that provides insurance companies and health care providers with revolutionary data-driven solutions.
NMIC President and CEO Paul von Ebers said MDdatacor’s technology infrastructure has the potential to transform the health care industry. “The acquisition of MDdatacor represents another step in our ongoing strategy to collaborate and innovate to find local solutions that will sustain accessible, high-quality health care,” von Ebers said.
William Fabian has been named interim CEO of MDdatacor, which will continue to be based in Georgia. Fabian said he appreciates the opportunity to lead and expand MDdatacor.
“MDdatacor already has a strong team and strong products,” Fabian said. “Adding the resources of BCBSND will allow us to really grow our products and increase our customer base.”
Fabian has 30 years of experience in leadership roles in the information systems field and has spent more than 20 years at the executive level. Since 1999, Fabian has worked as an independent consultant, including work with a number of clients within the health care industry. He has also served as interim CIO of Philips Lighting Company in Somerset, N.J., and vice president of IS/IT at OKI Data in Mount Laurel, N.J.
“We’re excited to have Bill join the organization in an interim role,” said Tony Tardugno, CIO and executive vice president of enterprise planning and information technology at NMIC. “Bill has served in many interim roles for multinational companies in the last 10 years. He brings a tremendous amount of operational experience to the table. Bill always delivers, he’s a great people person and he is fully suited to help us execute our strategy to stabilize, strengthen and grow MDdatacor.”
MDdatacor collects, stores, manages and analyzes patient medical information from the most comprehensive data sets available in the industry. NMIC and MDdatacor began working together in 2008 on a pilot project that led to NMIC’s MediQHome℠ – a program based on Patient Centered Medical Home (PCMH) principles that was launched by BCBSND in 2009. MDdatacor owns MDinsight®, the primary technology platform behind highly secure HIPAA-compliant information sharing among MediQHome care providers.
“Combining innovative and adaptable technology with our deep understanding of the medical home approach allows NMIC to provide the health care industry with strong system integration capabilities and powerful solutions for care coordination,” von Ebers said.
England & Company served as NMIC’s exclusive financial advisor in connection with the acquisition.
About Noridian Mutual Insurance Company
With more than 60 years of experience in the health insurance industry, Fargo, N.D.-based Noridian Mutual Insurance Company provides quality health care coverage and supplemental products, including medical, life, disability, long-term care and related insurance coverage. NMIC offers quality health care coverage as Blue Cross Blue Shield of North Dakota throughout North Dakota as a licensee of the Blue Cross and Blue Shield Association. To learn more about BCBSND, visit http://www.BCBSND.com.
MDdatacor enhances health care quality through the development of innovative technology solutions, focused on aggregating and analyzing the most comprehensive patient clinical data in the industry. MDdatacor’s patented web-based system is used to support quality improvement and pay-for-performance programs, health information, exchange, clinical integration, Accountable Care Organizations (ACOs) and Patient Centered Medical Home (PCMH) initiatives. MDdatacor, which was founded in 2001, is based in Alpharetta, Ga.