Norwalk health care data company IMS Health has acquired a San Francisco-based software business that caters to insurance companies to expand its presence in the payer marketplace.
IMS Health bought Med-Vantage, which is a healthcare analytics firm that tracks clinical quality and cost measures data for insurance companies, at an undisclosed price.
IMS officials said they will integrate its healthcare data, analytics, benchmarks and quality measures into Med-Vantage’s suite of payer solutions.
“This combination will enable payers to proactively engage providers and members with objective information and analysis to change behaviors and create more transparent, clinically grounded performance management programs,” IMS Health said in a written statement.
