Verisk Health Acquires TierMed Systems

End-to-end HEDIS® solution enhances Verisk Health suite of analytic products

WALTHAM, Mass., July 28, 2009— Verisk Health, Inc.,a global leader in healthcare data analytics, has acquired the assets of TierMed Systems, LLC, a leading provider of HEDIS® (Healthcare Effectiveness Data and Information Set) solutions. The TierMed solution suite allows managed care organizations to calculate and submit HEDIS results to NCQA (National Committee for Quality Assurance), improve quality in covered populations, and reduce administrative overhead associated with quality reporting. Terms of the transaction were not disclosed.

“TierMed is a proven leader in the developing field of quality reporting and shares our commitment to healthcare quality improvement,” said Chris Kryder, CEO of Verisk Health. “Combine that with the company’s market traction in HEDIS and TierMed is a natural fit with the Verisk Health product suite.”

The Verisk Health product suite includes several healthcare business intelligence platforms – D2Hawkeye, an analytics solution that estimates illness burden and identifies key interventions that yield better health outcomes and potential savings from care management initiatives DxCG, a science-based solution for clinical resource management, risk assessment, predictive modeling, and auditing; VHIP, a secure web-based healthcare data analysis and reporting environment; and, HCI, a comprehensive suite of clinically validated fraud and abuse surveillance services.  The combined entity’s suite of tools uses the most advanced analytics and the most credible predictive models in the healthcare industry to transform healthcare data into informed, intelligent and actionable business decisions.

Verisk Health leverages healthcare data to help businesses understand their medical and financial risk and manage costs and clinical outcomes more effectively.  TierMed, headquartered in Chanhassen, Minnesota, has been a certified HEDIS vendor since 2001 and a beta partner of NCQA since 2003. As a beta partner, the company helps NCQA ensure that the coding for the Software Certification program is thoroughly tested.

“We are excited to continue providing clients with an efficient and effective end-to-end HEDIS solution as part of the Verisk Health family,” said Mark Carlson, cofounder, TierMed Systems. “This will allow us to build on our leadership position in HEDIS reporting and further expand our depth in quality reporting across a complete platform of data analytic and risk management solutions.”

Mark Carlson will be a featured speaker at the Verisk Health Client Conference, September 16-18, 2009 in Boston, Massachusetts.  For more information on this event, please visit www.veriskhealth.com/clientconference.

About Verisk Health
Verisk Health, Inc., a wholly owned subsidiary of Insurance Services Office, Inc., (ISO), leverages healthcare data to help businesses and governments understand their medical and financial risk for managing costs and clinical outcomes more effectively. Through the combination of leading predictive science, the finest evidence-based clinical engine, and superior technology, we have created the most extensive independent risk-assessment and decision-analytics platform in the healthcare industry. Our primary focus is to identify actionable strategies for managing healthcare costs and quality at both the individual and population levels. We consistently research, evaluate, and invest in our business to ensure that we remain leaders in our industry and the most efficient and effective solution for our clients. For more information, please visit www.veriskhealth.com.

About TierMed Systems
TierMed Systems is a privately held and funded organization providing end-to-end HEDIS reporting solutions. Catering to all healthcare organizations that have HEDIS or quality reporting needs, TierMed’s technology and solutions are designed to generate effective management interventions and initiatives.

 

HEDIS® is a registered trademark of the NCQA.
Certified HEDIS® SoftwareSM is a service mark of the NCQA.
HEDIS® Software CertificationSM is a service mark of the NCQA.

Release: Immediate

Contact:
Rosa Randazzo
Verisk Health
781-693-3739
rrandazzo@veriskhealth.com

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