MedVision, Inc. Acquires Complete Health Systems, LC
SYNERGY CREATES ONE OF THE MOST COMPREHENSIVE ADMINISTRATIVE SAAS OFFERINGS IN THE HEALTH BENEFITS ADMINISTRATION SECTORS.
ARLINGTON HEIGHTS, Ill. and WICHITA, Kan., Jan. 6, 2022 -- MedVision, Inc. (MedVision), a leading provider of value-based healthcare business applications for delegated risk entities today acquires Complete Health Systems, LC (CHS), a long-time leader in the Self-Insured and Third-Party Administrator arena. In tandem, the companies create a more advanced, comprehensive, and seamless approach in automation of the many departmental processes of health plan and benefit administration-oriented organizations.
In addition to serving the Self-Insured and TPA sectors of healthcare, the combined companies address the needs of many Risk-Based Models that include Health Plans, Independent Physician Associations, Physician-Hospital Organizations, Integrated Delivery Networks and of CMS' Advanced Payment Models including Direct Contract Entities.
"This acquisition infuses MedVision with a broader based expertise within the business segments where CHS has historically played a role and vice versa," said Albert B. Sosa, Chief Executive Officer of MedVision, Inc. "
Much of each firm's core product competencies will together create an unmatched approach in efficient, cost-effective solutions geared to virtually any healthcare administrative environment."
Chacko Kurian, President of CHS, said "Since 1991, CHS has been providing their technology platform to administrators of self-funded health plans, both large and small. MedVision, through its acquisition of CHS, provides CHS with access to their resources, including the capabilities of their over 1,100 strong worldwide talent pool. We are excited to leverage these synergies with MedVision to deliver even greater value to our current and future clients, especially in the existing environment of evolving marketplace requirements."
Today MedVision provides advanced solutions to virtually every type of delegated risk model of healthcare delivery organizations. MedVision's platform has pioneered supporting structures from fee-for-service through value-based capitation arrangements across organizations. An integral part of the Meditab Group of Companies (MGoC), MedVision and it's affiliated firms address the technology oriented solution needs for providers, payers, employers and members across all lines of business.
About MedVision, Inc.
Complete Health Systems, LC, (CHS), has provided information technology and health plan technology solutions for Health Plan Benefit Administrators since 1991. CHS has a strong nationwide reputation for providing a comprehensive solution for Third Party Administrators who administer self-insured medical plans, dental plans, vision plans, disability plans, pharmacy plans, Taft-Hartley plans, association plans, and self-insured plans administered by employers.
About Complete Health Systems, LC
Since 1991, Complete Health Systems, LC, "CHS", has provided information technology and health plan technology solutions for Health Plan Benefit Administrators. Today CHS has nationwide clients and a reputation for providing a comprehensive solution for Third Party Administrators who administer self-insured; Medical, Dental, Vision, and Disability plans, Taft-Hartley Plans, Association Plans and Self-insured plans administered by Employers.
Find the MedVision and CHS press release at Cision PR Newswire.
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MedVision has successfully met the criteria outlined in the SOC (System and Organization Controls) audit for service organizations. This certification demonstrates MedVision’s adherence to rigorous standards for security, availability, processing integrity, confidentiality, and privacy.
As a service provider managing sensitive data and overseeing critical functions on behalf of clients, this certification underscores MedVision’s commitment to maintaining high standards of operational excellence and data security.
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The Health Information Trust (HITRUST) is a standards organization dedicated to security, privacy, and risk management. They developed the HITRUST Common Security Framework (CSF), which assists organizations in maintaining a comprehensive and secure approach to HIPAA compliance and managing risks. HITRUST is widely recognized as the benchmark in data security and privacy.
Certified Member of HCAA
The Health Care Administrators Association is the nation's largest nonprofit trade association for third-party administrators, stop loss insurance carriers, managing general underwriters, audit firms, medical managers, technology organizations, pharmacy benefit managers, brokers/agents, human resource managers, and health care consultants. HCAA has spearheaded the change of self-funding for more than 35 years.
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