Under the terms of the agreement, Verscend will assume all of Cotiviti’s outstanding debt.
The ratings agency reported that healthcare costs were the main reason for the increased expenditure in states/local budgets in the last 10 years in which expenditure rose by over $300 billion.
The deputy director of CMHOC, Rich Francisco had a sit-down with news reporters and talked about the organizations journey into automation-facilitated population health and care management. He said that the main challenge they faced while making the transition was trying to do away with heavy reliance on paper and converting forms from paper to electronic, into the EHR.