MIAMI LAKES, Fla., March 10, 2014 (GLOBE NEWSWIRE) -- Altegra Health, a leading provider of business, technology and consulting solutions for healthcare organizations, today announced the acquisition of Outcomes Health Information Solutions (including Outcomes Health Connections; collectively, Outcomes Health), a leading provider of risk adjustment, quality measurement and data analytics services to government-sponsored health plans and other healthcare organizations.
The acquisition solidifies and expands Altegra Health's position as a leader in providing solutions that enhance quality, strengthen compliance, and improve the overall performance of healthcare organizations in the Medicare Advantage, Managed Medicaid, Health Insurance Marketplace/Exchange and Commercial health plan sectors.
With the closing of the transaction, Outcomes Health's solutions provide meaningful enhancement to Altegra Health's comprehensive risk adjustment and HEDIS® technology platforms and services. Together, these solutions will accelerate efforts to help health plans and risk-bearing providers gain a deeper understanding of their members' health and how they access healthcare, enabling them to bring together the right benefits, the right care, and the right reimbursement for the members, enrollees and patients they serve.
"This is a tremendous opportunity for Outcomes Health," said Wanda Kochhar, president, Outcomes Health Information Solutions. "Joining with Altegra Health allows us to offer clients a broad and comprehensive array of services complimentary to our own. We are proud to become a part of this industry-leading company as we remain squarely focused on continuous innovation and delivering exceptional results for our clients and their members."
Outcomes Health, founded in 1996, has partnered with healthcare organizations on quality initiatives such as HEDIS®, payment integrity programs including risk adjustment data abstraction and analysis, and health advocacy programs in all 50 states. Based in Alpharetta, GA, the company employs a nationwide network of nurses, coders and medical record specialists to acquire, abstract and analyze data. Additionally, Outcomes Health offers high-touch member engagement services to capture and close gaps in care through clinical care visits and its health advocacy program.
"We are extremely proud to welcome the Outcomes Health team," said Kevin Barrett, president and chief executive officer of Altegra Health. "For our health plans and entire customer base, the combination of Outcomes Health and Altegra Health positions us to offer a range of services and a depth of expertise that are simply unmatched within the market we serve."
About Outcomes Health
Outcomes Health is a technology-enabled healthcare services provider focused on advancing the collection and analysis of health care data to improve care, quality, information accuracy and security, and financial performance for its healthcare partners. A recognized domain expert in risk adjustment, HEDIS®/Stars, and payment integrity, Outcomes Health leverages its national footprint, targeted analytics, superior clinical abstraction and coding capabilities, and unmatched transparency to advance its mission of providing better data for better decisions.
About Altegra Health
Altegra Health is a leading provider of technology-enabled business and consulting services that enhance quality, strengthen compliance, and optimize healthcare organization performance. As a quality, care and revenue management solutions partner, Altegra Health empowers health plans and risk-bearing provider groups to integrate key areas of financial performance and continuity of care while improving the quality of life of the individuals they serve. Altegra Health's unique suite of solutions, called Wellness Continuity®, addresses the ever-changing challenges of the healthcare industry; bringing together the right benefits, the right care, and the right reimbursement. For more information, visit AltegraHealth.com.
HEDIS® is a registered trademark of the National Committee for Quality Assurance (NCQA).