“Edifecs, Inc., a health information technology solutions company, announced today that it has signed a definitive agreement to acquire Health Fidelity, a leading provider of risk adjustment solutions for the value-based care era. The acquisition is expected to close in mid-December, pending regulatory approval.”
“This potential acquisition underscores Edifecs’ growth strategy to become an industry leader in risk adjustment. Health Fidelity offers risk-bearing organizations clear visibility for critical decision-making, and control over the process. Health Fidelity’s technology uncovers insights that enable better care planning and more complete revenue capture; giving health plans and providers the ability to succeed in risk-sharing arrangements across Medicare Advantage, Affordable Care Act (ACA), Medicaid, and Accountable Care Organization programs.”
“’I recently shared the news that we acquired Talix, another risk adjustment-focused solution provider,’ said Venkat Kavarthapu, CEO of Edifecs. ‘Each has unique and distinct capabilities which, when combined with our industry-leading workflows, will create a much stronger offering for all of our customers…'”
“Edifecs plans to integrate Health Fidelity and Talix technology into its signature Encounter Management solution to provide customers the opportunity to operate risk adjustment processes more efficiently for Medicare Advantage, Managed Medicaid, and ACA products. When the acquisition is complete, joint customers will have access to up-to-date claim and member information via Fast Healthcare Interoperability Resources (FHIR) application programming interfaces (APIs), highly scalable workflows, and mass actions that reduce the operational staff required to manage exceptions…” Read the full press release here.
Source: Edifecs Enters Into Definitive Agreement to Acquire Health Fidelity – November 22, 2021. Edifecs.
