"This acquisition will allow the companies to expand and more closely integrate the services they offer to health plans.”
PLANO, Tex. (PRWEB) January 25, 2016
Payer Compass, LLC of Plano, TX, the leader in reference-based pricing solutions for self-insured employers, acquired St. Petersburg-based Innovative Medical Risk Management from IHC Health Holdings Corp. on December 31, 2015.
“Payer Compass has partnered with IMRM for the last three years on reference-pricing solutions for self-insured employers, so this acquisition represents a natural fit,” said Greg Everett, President & CEO of Payer Compass. “IMRM has tremendous experience and expertise with patient advocacy, balance-billing support, and medical management services. This acquisition will allow the companies to expand and more closely integrate the services they offer to health plans.”
“With IHC's exit out of the major medical marketplace, the company was determined to find a good home for IMRM—IHC's patient advocacy and medical-management unit,” said David Kettig, Chief Operating Officer and Senior Vice President of Independence Holding Company. “IHC is thrilled to have found the best possible fit for IMRM in IMRM’s long-term business partner Payer Compass. IHC's belief is that the combined entity will offer an even greater value proposition for Payer Compass’s clients and prospects.”
Payer Compass and IMRM share a passion for reducing the cost of healthcare and transforming our healthcare system into one that provides the highest quality service at a price that makes sense. By combining forces, the two companies can provide clients with the essential elements they need to create sound cost-containment strategies while making operations easy and effective.
The combination of Payer Compass and IMRM provides a proactive cost-containment solution for health plans that is based on fair, rational pricing and focuses on agreement rather than conflict. IMRM’s patient advocates have extensive experience in negotiating with providers in a way that minimizes both costs and noise and provides a fair, affordable price for healthcare services.
About Payer Compass
Payer Compass provides healthcare reimbursement technology services to self-insured employers, third-party administrators, Medicare-Advantage plans, Medicaid plans, commercial payers, and others. Its services include contract management, claims management, and commercial and Medicare Reference-Based Pricing for the full range of healthcare services including inpatient, outpatient, professional, and ancillary services.
About Innovative Medical Risk Management
Founded by registered nurses, IMRM provides high quality medical-management, patient advocacy, and balance-billing support services, which include utilization management, case management, and disease management programs. Clinical best practices and financial expertise are the keystones of all IMRM programs. With financial, insurance, and managed care backgrounds, the IMRM team assures optimal oversight and service for complex business and clinical challenges.
3401 Custer Rd., Suite 183
Plano, TX 75023