We have a large Senior HMO/Medicare group in southern California that does big business with Trizetto which you can see from the title above was purchased by a Private Equity Firm earlier this year and is moving from Newport Beach. Below I have quoted the “about”section of the Tela website for more information. Trizetto also wants to store your personal health records too but right now with the potential of merging data systems could they be stored on a server in India? It’s always a good question to ask and who and where access to your records will be.
Trizetto also has a high focus with marketing to employers too so this acquisition of Tela Sourcing might give them an edge on providing cheaper pricing for the companies they solicit for their business.
About a month ago Trizetto hired the former CEO of Cerner.
Ex Cerner President Hired by Trizetto as CEO – More Money on This Side As Payment Algorithms Are Not Certified and Held Accountable as is EHR Software
You can see where the demand for squeezing out additional profits from investors is going here, not brain surgery. A couple months ago they put out a release about a survey they took and I wondered where in the world they found such up to date and health literate consumers, as I can’t find them, so be careful what you read today before going to the bank as there’s a ton of marketing out here today with everyone saying they are the best.
Trizetto Group (Wholly Owned Subsidiary of Apax Partners London Based Private Equity Firm) Says Their Study Indicates the US Healthcare System is Ready to Adopt Value Based Insurance Designs – Marketing At Its Best
With all these transaction fees and combining of companies I still say we need to certify them and create something like a Department of Algorithms as everything takes place in the background as the algorithms giveth and they take away. Trizetto also licenses and uses software programs from Ingenix. BD
From the Tela Sourcing Website:
“Tēla Sourcing (pronounced “Tea-la”) is a privately-held company headquartered in Baltimore, Maryland. Since it’s founding in 2003, Tēla has grown to 500+ employees serving more than 85 US-based healthcare clients and processing greater than 100,000 claim transactions per day or 24 million claim transactions annually.
Tēla has been providing US-based and offshore services through its wholly-owned operational center located in Pune, India, since 2003. Customers include US HMOs, TPAs, other insurance payers, managed care organizations and technology vendors.
In 2007, Tela acquired HealthASPex, adding two additional onshore processing centers, 35 additional clients, and additional service offerings such as electronic PPO routing.
Tēla has a team of domain consultants and operations experts with in-depth knowledge of the healthcare, managed care, insurance markets and operations management with significant healthcare experience from having worked in the industry for 8 – 20 years.”
Baltimore-based Tela Sourcing offers outsourced staffing of operational functions such as claims administration, enrollment and billing using personnel in the U.S. and India. The acquisition expands Greenwood Village, Colo.-based TriZetto's existing business process outsource services. The vendor now has such services on-shore, near-shore and/or off-shore to meet client preferences.