CENSEOHEALTH ANNOUNCES SUBSTANTIAL INVESTMENT BY HEALTH EVOLUTION PARTNERS
DALLAS, TX – February 1, 2012— CenseoHealth, a leading provider of risk adjustment program solutions for Medicare health plans, announced today an investment from Health Evolution Partners.
“Our partnership with Health Evolution Partners will accelerate our role as a leader in the Medicare Advantage marketplace,” said Jack McCallum, Ph.D., M.D., Chief Executive Officer of CenseoHealth.
“With our unmatched experience in Medicare Advantage financial, regulatory, and clinical strategies we are well-positioned to join the Health Evolution Partners network of companies committed to creating change in health care.”
“We have evaluated the Medicare Advantage space and its patient evaluation and care management tools for some time. We are enthusiastic about Medicare Advantage and believe that the tools developed there will spread across the health care industry,” said David Brailer, Ph.D, M.D., Chairman of Health Evolution Partners. “We are impressed by the depth of the CenseoHealth management team and the value they bring to their customers. We look forward to working with the CenseoHealth team to continue their robust, profitable growth.”
Risk adjustment was initially designed to use financial incentives to effectively drive the quality of care for chronically-ill beneficiaries. CenseoHealth partners with Medicare Advantage health plans to make good on that promise by once again putting the patient first. To help meet their needs, CenseoHealth’s dedicated nationwide network of mobile physicians specializes in in-home evaluations, carefully documented and compliant medical record-keeping, and expert professional services in risk adjustment management. Learn more here.
About CenseoHealth | www.censeohealth.com
Latin for “To Evaluate,” the Censeo name reflects our belief that Medicare risk-bearing entities have become distracted by data and payment and lost touch with the source of “truth” that should guide care: rather than mine data or documentation for the diagnostic data that drives clinical strategies, we deliver the best results by going directly to the members themselves. Learn more at www.censeohealth.com.
About Health Evolution Partners | www.healthevolutionpartners.com
Health Evolution Partners buys and invests in rapidly growing companies that are commercial leaders in the health care industry. We invest around the globe and across the health economy, including services, information technology and life sciences. We form close working partnerships with outstanding management teams and connect our companies to our network of CEOs, policy makers and thought leaders. For more information on Health Evolution Partners, visit www.healthevolutionpartners.com.
For more information:
Melissa Cooke
CenseoHealth
972-715-3808
mcooke@censeohealth.com
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