NASHVILLE, Tenn. and NEW YORK, Jan. 24, 2018 /PRNewswire/ -- Change Healthcare and WebMD Health Corp. have settled their litigation regarding the right to license certain commercial data that was licensed to WebMD by Change Healthcare. Under terms of the settlement, Change Healthcare has the exclusive right to license the data that was the subject of the litigation.
The parties agreed that the settlement enables them to return to normal relations, focus on their respective customers, and continue to work toward improving healthcare in this country.
"As an independent healthcare IT company, we are neutral and objective in working with all stakeholders—including payers, providers, and consumers—to create value for the entire healthcare system. Data plays an important role in that effort," said Kris Joshi, executive vice president, Network Solutions, Change Healthcare.
Working with customers and partners throughout the industry, Change Healthcare provides value-added services and advanced analytics daily to support value-based care. The Change Healthcare Intelligent Healthcare Network™ is used to process administrative, financial, and clinical transactions among hundreds of thousands of healthcare constituents, from physicians, hospitals, and other providers to commercial and government payers, representing over $2 trillion in claims annually.
Change Healthcare's goal is to help create a more effective, efficient and interconnected health system, said Mr. Joshi. "We have an unprecedented opportunity to innovate in the interest of improving both outcomes and the economics of care while enhancing the consumer experience," he noted. "We welcome and solicit input from all. Our customers are vital idea collaborators, and our partners help us to amplify value."
About Change Healthcare
Change Healthcare is inspiring a better healthcare system. Working alongside our customers and partners, we leverage our software and analytics, network solutions, and technology-enabled services to enable better patient care, choice, and outcomes at scale. As a key catalyst of a value-based healthcare system, we are accelerating the journey toward improved lives and healthier communities. Learn more at www.changehealthcare.com.
WebMD Health Corp. is the leading provider of health information services, serving patients, physicians, health care professionals, employers, and health plans through our public and private online portals, mobile platforms, and health-focused publications. The WebMD Health Network includes WebMD Health, Medscape, MedicineNet, eMedicineHealth, RxList, OnHealth, Medscape Education, and other owned WebMD sites.
WebMD®, Medscape®, CME Circle®, Medpulse®, eMedicine®, MedicineNet®, theheart.org®, and RxList® are among the trademarks of WebMD Health Corp. or its subsidiaries.
WebMD Health Corp. was acquired by Internet Brands in September 2017 and is a key company in the Internet Brands Health vertical.
SOURCE Change Healthcare