StrataCare Inc., an Irvine, Calif.-based provider of national bill review software, workflow and outsource solutions to the workers’ compensation payer market, has acquired the MedBillPro division of CS Stars LLC, a unit of Marsh Inc. No financial terms were disclosed. StrataCare shareholders include SV Life Sciences Advisers, Beecken Petty O’Keefe & Co. and Paul Glover.
StrataCare, LLC, a market and technology leader in workers’ compensation medical bill review Software as a Service (SaaS) and services, announces the acquisition of the MedBillPro™ division of CS Stars LLC, a business unit of Marsh, Inc. The addition of the MedBillPro business gives StrataCare more scale, momentum and the increased ability to invest in development and support.
Over the past twelve years, StrataCare has continually enhanced its SaaS and service medical bill review offering, assuring its customers continuing success. The MedBillPro unit will add significant jurisdictional expertise, client teams with domain experience, and significantly more developers with long backgrounds in workers’ compensation medical bill review applications.
“The MedBillPro group is a natural technology and service fit with the way that StrataCare currently operates,” commented Paul Glover, StrataCare Chairman. “The acquisition of CS STARS’ medical bill review division helps further our vision of focusing on medical bills and continuing to develop innovative SaaS and service solutions addressing the challenges facing employers, TPAs and insurers in managing rising workers’ compensation medical expenses.”
Founded in 1998, StrataCare, LLC provides comprehensive Internet-based national bill review software, workflow and outsource solutions to the workers’ compensation payer community. StrataCare’s innovative solutions saved over two billion dollars in workers’ compensation costs in 2009 for some of the industry’s top insurance companies, third party administrators, managed care companies, and self-insured employers. StrataCare’s service division, CareSolutions®, offers electronic and mail-in bill review services nationwide. For more information, visit www.stratacare.com or call 800-819-6711.