A large health plan administration company has acquired a company that is active in efforts to help plans get lower prices from out-of-network doctors and hospitals.
Fiserv Health, Minneapolis, a unit of Fiserv Inc., Brookfield, Wis., says Innovative Cost Solutions Inc., Chicago, should fit well with its ppoONE unit.
PpoONE reprices in-network claims for preferred provider organization plans.
ICS will keep its Chicago headquarters, its name and its staff, and Mark Hendryx, the founder, will continue to the unit’s president, Fiserv says.
The price of the deal and other contract terms were not immediately available.