ClaimsBridge has received a strategic investment from Eir Partners Capital and acquired DialysisPPO as the healthcare technology company expands its claims and medical cost management platform.
Eir’s investment will provide ClaimsBridge with additional capital to accelerate product innovation and pursue expansion both organically and through acquisitions. ClaimsBridge provides claims, network, repricing, and pre-adjudication technology to third-party administrators, healthcare networks, employers, and other payers.
The acquisition of DialysisPPO adds specialized cost-containment technology for End-Stage Renal Disease and chronic dialysis treatment.
Founded in 2006, DialysisPPO has helped payers generate more than $325 million in savings through a patented program designed to capture Medicare-related savings on dialysis claims without waiting for the traditional 30-month coordination period. The company said clients can realize savings of up to $100,000 per case per month.
ClaimsBridge plans to make the DialysisPPO offering available alongside its existing healthcare cost-management tools, while giving DialysisPPO customers access to ClaimsBridge’s broader technology and network capabilities.
KEY QUOTES:
“This is an important moment for ClaimsBridge. Eir’s investment gives us the ability to accelerate innovation for our clients and the payer market, and DialysisPPO is the strongest solution we’ve seen for one of healthcare’s most complex and expensive conditions. Together, these moves reflect where we’re headed: simplifying complexity and taking cost out of the healthcare system.”
Kevin Gibson, CEO of ClaimsBridge
“ClaimsBridge sits at the pre-adjudication control point where pricing and routing decisions get made, and it solves complexity for clients without adding more of it. Our investment is about scaling that platform faster, organically and through acquisitions like DialysisPPO.”
Brett Carlson, CEO and Founder of Eir Partners
“Joining ClaimsBridge allows us to bring our ESRD savings program to a much broader base of payers, backed by ClaimsBridge’s technology, network reach, and client service model.”
John Brophy, CEO and Founder of DialysisPPO
