HealthVerity Inc. acquires Curisium to improve data sharing processes
By Nikita Chaurasia  Date: 2020-07-22

HealthVerity Inc. acquires Curisium to improve data sharing processes

HealthVerity, a leader in privacy protected data exchange, has made it to the headlines on announcing the purchase of Curisium, a cloud-based drug rebate processing and contract performance management company.

According to reliable sources, the partnership will allow for development of advanced infrastructure for high-governance as well as sharing of privacy-compliant data among the pharmaceutical manufacturers, payers, and pharmacy benefits managers (PBMs).

As per the agreement, current clients of Curisium will reportedly use latest technologies that help in streamlining and developing contract negotiation, rebate validation, and invoicing process through an advanced SaaS solution.

HealthVerity CEO Andrew Kress was reported saying that Curisium possesses the vision to develop advanced SaaS platforms and other innovative solutions which enable parties to easily negotiate and visualize relationships based on contracts around drug utilization. He added that this vision is similar to the HealthVerity’s strategy of making data ecosystem available for analyzing or sharing applications.

Andrew further claimed that HealthVerity Inc. intends to integrate additional tools that offer its healthcare clients and data partners an innovative approach to transact around contracts, especially amid the rising prevalence of COVID-19.

Peter Kim Co-founder and CEO at Curisium stated that the company is looking forward to work with HealthVerity and continue its mission of supporting life science companies as well as payers with a more progressive approach to healthcare contracting. He mentioned that Curisium’s clients will now have access to clinically relevant results that have profited from these healthcare contracts, alongside improved understanding regarding the impact on patient lives.

For those uninitiated, Curisium’s platform is an operating system that is based on rules-driven and highly responsive platform. This operating system offers remotely operated standardizing payment processes, adjudication, and contracting processes. It is also capable of replacing disparate analog processes and spreadsheets.

The financial details of the deal were not disclosed.

 

Source credits-

https://www.prnewswire.com/news-releases/healthverity-acquires-curisium-to-enhance-data-exchange-for-drug-rebate-processing-and-contract-management-301095901.html?tc=eml_cleartime

About Author

Nikita Chaurasia    

Nikita Chaurasia

An accomplished professional in the field of content development, playing with words comes naturally to Nikita Chaurasia. After completing her post-graduate MBA degree in Advertising and PR, Nikita worked across numerous content-driven verticals, undertaking diverse r...

Read More

More News By Nikita Chaurasia

Generac, Baker partner to offer solar & storage installations in U.S.
Generac, Baker partner to offer solar & storage installations in U.S.
By Nikita Chaurasia

Generac Holdings Inc., a Wisconsin-based leading backup power generation developer, has reportedly entered a joint venture agreement with a solar electric solutions provider Baker Electric Home Energy. Sources close to the matter stated that the two ...

Education analytics platform HelioCampus acquires ABC Insights
Education analytics platform HelioCampus acquires ABC Insights
By Nikita Chaurasia

HelioCampus, a leading higher education analytics platform that offers universities and colleges the decision-support assistance they require to work more sustainably and strategically, has reportedly announced that it acquired ABC Insights, a renown...

Deutsche Telekom, OVHcloud partner to offer cloud services in Europe
Deutsche Telekom, OVHcloud partner to offer cloud services in Europe
By Nikita Chaurasia

Deutsche Telekom AG, the German telecommunication services provider, has reportedly teamed up with a France-based company OVHcloud. Sources with knowledge of the matter stated that the two companies intend to provide alternative cloud computing servi...

Graphics firm NVIDIA to acquire Arm from SoftBank for $40 billion
Graphics firm NVIDIA to acquire Arm from SoftBank for $40 billion
By Nikita Chaurasia

NVIDIA, a leading American multinational technology firm, and SoftBank, a renowned Japanese conglomerate, have reportedly announced that NVIDIA would acquire Arm Limited from SoftBank Group for a total amount of $40 billion. The agreement would be im...

QHR Health buys Resolution to reinforce its community health services
QHR Health buys Resolution to reinforce its community health services
By Nikita Chaurasia

In a recent turn of events, U.S.-based technological healthcare company QHR Health has reportedly announced the acquisition of revenue cycle services provider, Resolution, in order to strengthen its community healthcare services across the United Sta...