CareVu, Premier Healthcare Exchange Partner on Multidimensional Claim Settlement Services

Texas-based CareVu Corp. and Premier Healthcare Exchange
announced their alliance to offer a single-source, online platform that allows healthcare organizations to utilize an array of valuable services that are integrated into one resource.

According to the terms of the agreement, PHX and CareVu have established a joint sales and marketing effort to offer an assortment of cost containment solutions to their existing clients and prospective clients. Collectively, the combined companies will reportedly offer the healthcare industry the most powerful resource to eliminate fragmentation.

Michael Shine, president of PHX, stated, “Normally healthcare organizations would be required to provide various files and record layouts to numerous vendors. Under the PHX/CareVu program, all that is needed is a single eligibility and claim data file in one format. Data is scrubbed and analyzed with the results being passed back to the healthcare payor for the most cost effective claims adjudication and reporting in the industry. CareVu has moved from a very strong regional market, to a nationally recognized service organization. PHX is extremely pleased to be working with CareVu and their associated companies.”

David Adams, CEO of CareVu, added, “PHX’s services, combined with CareVu’s exceptional EDI and PPO re-pricing solutions, will allow both companies’ clients to attain the industry’s most cost- effective claim settlement processing. The power in the joint companies’ solutions offers the payor’s increased efficiency in streamlined medical cost management; all of which result in improved productivity and reduced administration costs.”