MedAssets, an Alpharetta, Ga.-based provider of cash management software, has filed with the U.S. Securities and Exchange Commission for an initial public offering (IPO) of common stock. The company hopes to raise up to $230 million with the move.
Global Energy Resources, Inc. of Irvine, Calif. has agreed to a strategic alliance with and acquired an equity position in Patient Access Solutions, which provides business process and systems solutions in healthcare provider, hospital and dental offices. GERI will provide merchant banking capabilities to PAS in addition to the expansion and marketing of PAS services to the healthcare industry.
Health Management Systems, Inc. of New York has unveiled HMS IntegritySource, a single-source solution composed of program integrity vendors that offers a unified solution for recovery, program analysis, data analytics, audit, investigation, clinical and coding review and other capabilities that states need to prevent inappropriate Medicaid payments.
Payerpath, a Misys company and provider of Internet-based financial transaction solutions for healthcare providers, hospitals and payers, has announced that it will establish a connection with Aetna to streamline physicians' claims processing. Beginning Oct. 1, physicians will have a direct connection to Aetna through Payerpath Connect.
Franklin Lakes, N.J.-based pharmacy benefits manager Medco Health Solutions has announced it will pay $1.5 billion in cash for the PolyMedica Corp., a Wakefield, Mass.-based provider of diabetes treatment supplies.
KANA Software of Menlo Park, Calif. has announced that a healthcare insurance provider "ranked among the most admired healthcare companies in America by Fortune magazine" has selected KANA to enhance the quality and consistency of customer communications.
3M Health Information Systems, Inc. of Salt Lake City has announced that 3M Chargemaster Online, a Web-based chargemaster management solution, has been upgraded with advanced charge capture features that go beyond standard coding validations to alert healthcare organizations to revenue opportunities that may have been overlooked.
MedAssist Holding, Inc., a Louisville, Ky.-based, venture-backed firm that provides outsourced revenue-cycle management services to healthcare companies, has been purchased for $330 million by an affiliate of Firstsource Solutions Ltd. of Mumbai, India.
Apollo Health Street, an India-based provider of healthcare outsourcing solutions, has announced the acquisition of Zavata, Inc., an Atlanta-based business process outsourcing and enterprise support solutions company.
Salt Lake City-based RemedyMD, Inc. has announced that, starting Sept. 1, it will offer free licenses for its electronic health records and practice management software to its ambulatory practices and their patients.
Plexis Healthcare Systems of Ashland, Ore. has announced that the San Francisco Health Plan has selected the company to provide billing and receivables management for its "Healthy San Francisco" program.
Healthways International of Nashville, Tenn. has announced that the Deutsche Angestellten Krankenkasse, one of the largest statutory health insurance companies in Germany, has signed a three-year agreement to provide Healthways Health and Care Support programs to DAK members with chronic diseases in Bavaria and Baden-Wurttemburg in Germany.
MicroAutomation, a systems integrator of contact center solutions, has developed and implemented a healthcare analytics solution to help major healthcare providers monitor the efficiency of their call centers.
MedPlexus, a Sunnyvale, Calif.-based provider of Internet-based administrative, financial and clinical software and services for physician practices, has announced the general availability of its software-as-a-service (SaaS) suite of solutions, which include practice management software, electronic health records and a browser-based patient self-service portal. The solution includes SaaS-enabled services for billing, front-office call management and practice audit and accounting services.
Watertown, Mass.-based athenahealth has announced that Practice Management Associates, Inc. has selected the company's athenaCollector practice management and billing service for several of PMA's hospital emergency departments and clinics in the southeast, including Virginia, South Carolina and Tennessee. In addition, the company has announced that The Professional Association of Health Care Office Management (PAHCOM) of Pensacola, Fla. will offer the company's one-demand PM and EMR services to PAHCOM members.
Emdeon Business Services of Nashville has announced a renewal of its EDI Services agreement with Aetna. The agreement, which runs through September 2010, allows Emdeon to continue to provide the core set of HIPAA transactions, as well as collaborating to accelerate the adoption of electronic remittance advice (ERA) and electronic coordination of benefit (eCOB) claims.
Benefitfocus, of Charleston, S.C., has announced that it has recently renewed a four-year contract with Arkansas Blue Cross and Blue Shield for another four years.