Three of the nation's leading Blue health plans,
Highmark, Horizon Blue Cross Blue Shield of New Jersey (Horizon), and
Independence Blue Cross (IBC), along with health IT provider Lumeris Corp.,
announced yesterday they have closed their transaction and finalized their
arrangement to acquire NaviNet. Terms of the acquisition were not disclosed.
"This new partnership is a great example of
forward-thinking organizations working together to generate positive change,
leverage the most modern technology, and activate the brightest minds in our
industry," said Daniel J. Hilferty, president and CEO of Independence Blue
Cross. "By acquiring NaviNet together, we are taking an important step toward
transforming the delivery of health care in our country."
Through the new partnership, NaviNet will leverage
its real-time communication network and Lumeris' accountable care delivery
platform to drive the adoption of new accountable care models throughout the
country. All over the nation, health plans, including Highmark, Horizon, and
IBC, are developing new value-based payment models that reward physicians for
highly coordinated, high-quality, more cost-effective care. The integration of
NaviNet and Lumeris' capabilities will allow plans to develop next generation
accountable care delivery systems to contain costs and improve quality, while
continuing to handle administrative transactions easily and efficiently.
Provider access to the NaviNet portal will remain
unchanged, and the services, workflows, and transactions used to interact with
health plans will be unaffected.
For more information, please read the IBC press release.