INDIANAPOLIS, IN--(Marketwire - April 4, 2012) - Health Systems International completed the acquisition of iMed Cost Containment Solution and the bill review clients of its' affiliated firm, Chapman & Associates effective March 31, 2012. The agreement marks the eighth acquisition Health Systems International has completed since 2007, helping to cement the firm's position as one of the nation's fastest growing medical cost management solution providers.
Based in Aurora, Colorado, iMed provides medical cost management services for workers' compensation, liability, and auto (PIP) claims. The three principals of the two-decade-old firm add more than 75 years of experience in workers' compensation services to Health Systems International's menu of client benefits.
"Our workers' compensation clients need access to experts and processes that help them maximize their medical savings," says Russell Sherlock, CEO of Health Systems International. "iMed helps us meet those needs, and their tailored, client-focused solutions are a perfect match with our business model."
Health Systems International offers customized solutions to its workers' compensation clients that encompass a full suite of technology and business offerings. DME, Certified Fee Schedule Databases, Specialty and Clinical Bill Review, Rx, and Integrated Technology Platform Solutions are some of the services that are available to optimize the existing savings clients are receiving through bill review.
"We make acquisitions not simply to increase our size, but to increase our capabilities and to partner with people who share our commitment to helping clients save money," said Mike Hoover, President of Health Systems International's Business Solutions Group. "The team at iMed helps us strengthen our services for current clients while also allowing us to deliver our solutions to more organizations."
"We feel the expanded solutions offered in the Health Systems International suite of medical cost management solutions allow our clients the ability to further reduce bills to the lowest possible cost of care," stated Mark Chapman, Principal of iMed and Chapman.
About Health Systems International
Health Systems International provides medical cost management solutions to healthcare payors in multiple markets throughout the world. The company connects clients to the lowest possible cost of care, utilizing advanced technology, customized solutions, exclusive offerings, and personalized service to drive optimal savings and reduce administrative demands.