Industry Veterans Announce Launch of New Cost Containment Firm: ClearHealth Strategies

Firm will be focused on providing the payer, TPA and employer community with the next generation out-of-network cost containment solutions

Sep 13, 2011, 08:00 ET from ClearHealth Strategies

NAPERVILLE, Ill., Sept. 13, 2011 /PRNewswire/ -- ClearHealth Strategies (CHS) announced today their official launch and service strategy focusing on out-of-network cost containment services.  The company was founded by cost containment industry veterans: Steve Nelson, Byron Smith, Jim Doody and Bill Zaun.  Terry Harris, former SVP of Sales for Viant, Inc. will lead the company as President.

Located in Naperville, IL, CHS will focus on bringing an innovative blend of cost containment solutions to the market which will assist customers in maximizing service flexibility and savings opportunities.  The firm will initially provide out-of-network services including: Fee Negotiation, Medicare-plus repricing, APC/DRG repricing and consulting.  These services can also be coupled with a consumer advocacy service from CHS sister company, Health Payment Advocates.

"The time is right for a new, innovative company to enter the rapidly consolidating cost containment industry.  Payers and TPAs are looking for new competitive alternatives to existing solutions and they are looking for new solutions and savings opportunities." said Mr. Harris.  "We believe our more traditional cost containment services such as fee negotiation partnered with our innovative services such as consumer advocacy and Medicare based repricing will be attractive to many in the industry."

The company executed a "soft launch" on July 1st to a limited set of prospects.  These prospects were targeted for pilot programs for the new services provided by CHS.  A number of these prospects have already committed to become early adopters of the CHS solution.

The founding members, Nelson, Doody, Zaun and Smith have a successful track record in starting and growing large successful cost containment firms.  Some of the firms started by the members include Cost Management Technologies, Preferred Payment Systems (which later became Viant, Inc.) and Medical Data Research, the predecessor company to Ingenix.

"We have heard the feedback in the market about the need for a new cost containment option.  Our solutions, based on a proven technology platform, will enable us to quickly be successful in acquiring new customers," said Mr. Nelson, former Board of Director member at Viant, Inc.

CHS welcomes all interested parties to view the product offerings and solution at their Website, www.clearhealthstrategies.com.

About ClearHealth Strategies, LLC

ClearHealth Strategies is the only cost containment vendor with an innovative blend of fee negotiation, claim management, repricing and consumer advocacy in the market.  This unique combination enables you to customize the solution you need to drive maximum savings and member satisfaction.  www.clearhealthstrategies.com

SOURCE ClearHealth Strategies



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http://www.clearhealthstrategies.com