Bellevue, Wash.-based well being software company Edifecs has acquired Health Fidelity, a San Mateo, Calif.-based startup. The acquisition will allow Edifecs to construct up danger adjustment instruments in its software merchandise for well being firms.
Health Fidelity mines language in healthcare knowledge to evaluate a affected person’s danger for numerous situations. The method facilitates billing for value-based care, which de-emphasizes fee-for-service fee in favor of prevention and first care.
The deal comes on the heels of Edifecs’ acquisition of one other healthcare data-mining startup, Talix, in September. “By combining Health Fidelity and Talix options with our personal workflow, Edifecs can now supply payers and suppliers medical and coding options that ship danger adjustment insights throughout many operational areas all whereas enabling the shift to value-based care,” stated Edifecs CEO Venkat Kavarthapu in a statement.
Edifecs, which additionally has workplaces in Atlanta and Mohali, India, sells enterprise software to greater than 350 healthcare firms, together with BlueCross BlueShield, Cigna, Humana, and others. Health Fidelity’s greater than 80 workers will likely be absolutely built-in into Edifecs, bringing its headcount to greater than 1,030 workers globally, in keeping with a spokesperson. Health Fidelity workers will proceed to work from their present areas. Phrases of the deal, which finalized Monday, weren’t disclosed.