Change Healthcare
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Introduction
Change Healthcare was established in 2007 and is based in Brentwood, Tennessee. The company provides healthcare consumer engagement and cost transparency tools to health plans and large, self-insured employers[1] across the United States.
History
Change Healthcare was founded by Christopher Parks[2] in 2007 with a consumer solution called MedBillManager. In January 2010, the company shifted its focus to the business-to-business market and launched the Change Healthcare Engagement Platform.
In April 2011, Howard McLure[3], former president of [Caremark], came out of retirement to lead Change Healthcare as chairman and CEO. Doug Ghertner[4] joined the company as president in July 2011; prior to this, he oversaw product innovation and management at CVS Caremark and was a senior vice president.
In December 2011, Change Healthcare closed a round of financing, led by Sandbox Industries, Blue Cross Blue Shield Venture Partners and West Health Investment Fund. In September 2012, Ghertner was promoted to president and CEO, and McLure assumed the role of executive chairman.
In July 2013, Change Healthcare closed on a round of Series D funding. It was led by HLM Venture Partners, and including new investor Noro-Moseley Partners, infused $15 million into the company[5]. In July 2013, Change Healthcare was also named one of Modern Healthcare’s “100 Best Places to Work in Healthcare[6].”
Services
Change Healthcare offers multiple tools that use proprietary data analysis to generate specific medical, dental, vision and pharmacy cost information, targeted savings opportunities and personalized, proactive and educational messaging.
References
- ^ McGee, Jamie (April 14, 2014). "Change Healthcare Offers Tools for Making Wiser Choices". The Tennessean.
{{cite news}}: Missing or empty|title=(help) - ^ Bryant, Linda (November 10, 2013). "Guardian of the Culture". Nashville Post.
{{cite news}}: Missing or empty|title=(help) - ^ "Former CVS/Caremark President Howard McLure Transitions to change:healthcare CEO". BusinessWire. May 3, 2011.
{{cite news}}: Missing or empty|title=(help) - ^ "Executive Profile: Douglas Ghertner". Nashville Business Journal. June 1, 2012.
{{cite news}}: Missing or empty|title=(help) - ^ “Change Healthcare Announces $15 Million in Funding for Personalized Healthcare Information Business". Philanthropy News Digest. August 19, 2013.
{{cite news}}: Missing or empty|title=(help) - ^ "Modern Healthcare's 2013 Best Places to Work in Healthcare". No. August 14, 2013. Modern Healthcare.
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