Edifecs, Inc., a health information technology solutions company, 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.
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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’ goal is to offer its customers the industry’s best natural language processing, workflow, and submissions solution, while rapidly expanding suspecting and financial analytics capabilities. The powerful combination of these technologies will enable Edifecs to provide a seamless risk adjustment solution without requiring its customers to pay for costly integrations and multi-vendor management overhead.
“In our analysis and diligence, it became clear that by combining the best of Edifecs’ existing risk adjustment portfolio with Talix, and potentially the complementary capabilities of Health Fidelity, we would be able to provide one of the most complete risk adjustment solutions in the market,” Sunny Singh, Edifecs founder and chairman of the board. “Through the prospective acquisition of Health Fidelity, we are hoping to strategically integrate the unique and distinct capabilities of all three organizations to create an unrivaled risk adjustment portfolio that will be able to deliver value at every stage in the risk adjustment process.”