LEAWOOD, Kan., April 30, 2015 /PRNewswire/ -- Nueterra, the largest privately-held organization in the U.S. specializing in developing equity partnerships with health systems, governments, hospitals and physicians, announced today their acquisition of Benefit Management, Inc. (BMI). The acquisition was sought shortly after Nueterra announced it had shifted much of its focus to facilitating programs and services targeting the consumer population.
BMI has long been a Midwest leader in the development and administration of custom benefits solutions demanding flexibility and efficiency. BMI will be instrumental in Nueterra's new pay-for-value strategy targeting employers and U.S.-based payers.
"Right now, Nueterra is drawing physicians and facilities together, uniting them clinically and financially into integrated networks across the country," explained Dan Tasset, chairman, Nueterra. "As we do that, we'll be in a unique position to offer bundled payments for medical conditions for commercial populations."
Both Nueterra and BMI see opportunities to lead the healthcare industry in developing pay-for-value models. Bundled payments for medical conditions are one way for self-funded plans to begin incorporating value-based reimbursement into provider network strategies. BMI will play a strategic role in this new Bundle Payment Adjudication (BPA) process.
"What's critically important in healthcare is to align values and incentives that make sense to both providers and payors," said Steve Garver, chief operating officer, Nueterra Innovations. "With BMI, we'll create new offerings that align incentives for the healthcare value chain. Ultimately, we want to bring high quality healthcare services with lower costs for everyone."
The current leadership team at BMI will remain in place and will continue to guide the organization under the Nueterra Innovations Group. BMI will retain its location, employees and structure, and will continue to provide health plan administration for their clients across the nation — while also offering employers the option of utilizing Nueterra's value-based reimbursement models.
"BMI has a long history of innovation and consistent growth," says Chad Somers, CEO and president of BMI. "We expect to expedite this growth as part of Nueterra. This move is very good for our self-funded health plan employers and broker partners." Somers expects the acquisition to create new jobs and opportunities for its Great Bend team.
BMI is an expert in payment administration, while Nueterra is an expert in provider networks. The companies' combined expertise will bring new innovative products to market sooner, benefitting all stakeholders — payors, providers and patients.
More on the companies is available at Nueterra.com and BMIKansas.com.
Nueterra, the largest privately-held organization in the U.S. specializing in developing equity partnerships with health systems, governments, hospitals and physicians, owns and manages focused community hospitals, surgical hospitals, ambulatory surgery centers, pathology labs, and physical therapy centers across more than 28 U.S. states. Our mission is to integrate providers and connect them to consumers through our programs and services powered by our technologies and delivered in facilities and networks we partner or manage.
About Benefit Management, Inc. (BMI)
Benefit Management, Inc., headquartered in Great Bend, Kansas, provides customized, high-quality health benefits administration programs to partially self-insured companies and association plans nationwide. BMI has grown to be one of the Midwest's leading third party administrators, with a reputation for flexibility, innovative services and outstanding customer service.