Ingenix Acquires Health Information Exchange Services/EHR Provider Axolotl-United Health Group Behemoth Continues to Grow–
Posted Aug 16 2010 6:04pm
It does make one wonder how large can it grow. United Health Group is certainly growing by leaps and bounds with technology and it’s getting difficult to keep up with all the subsidiaries they have these days to include a bank, several wellness companies, other data base companies and we still have all the Ingenix lawsuits going with the now defunct non credible data base that underpaid everyone.
They certainly keep cranking out the software almost as fast as Microsoft these days it seems I post all this stuff related to Health IT. You need algorithms written for profit, Ingenix is the one who will do it for you.
Axolotl primarily is involved in connecting hospitals through electronic interchanges and has a their own group of software to sell and they will also sell you an EHR too.
The virtual health record is one product that aggregates data across several platforms and they work with 3rd parties to move the data and yup there’s transactions in there too. So if Ingenix doesn’t sell you their Care Tracker if you are looking at an EMR, well they have a back up now and it will be interesting to see if any efforts are made to merge the 2. I tried to look at the product videos and all the links were broken as of today.
Ingenix has other subsidiaries that buy companies too like this one who’s focus is to bring more Chinese medical devices and drugs to the US and already has a line of communication with the US FDA.
They also sell patient data base information to companies soliciting for Clinical Trials and I am again thinking this is the pharmacy benefit management data base information that does not fall under HIPAA.
Big private equity owned companies like Trizetto use Ingenix software to maximize profits and get those big transactions fees, some of the biggest money in healthcare with transaction fees and sometimes I wonder why fraud is at a slow pace a when fraud is discovered away go the transaction fees and it it’s a big loss…well you can think that one out.
By the way time is getting close if you have not filed for your underpayment charges from the AMA via the Ingenix data base that was used for years and there’s more lawsuits file on that one and on the way.
In short as each acquisition moves in there’ absolutely no way that United is missing out on any claim transaction fees as they are embedded all over the place and now we have more software to throw out there under the same roof. BD
(RTTNews) - Ingenix, a unit of healthcare services company Unitedhealth Group, Inc. (UNH: News ) announced Monday that it is acquiring Axolotl, a provider of health information exchange services. Details of the transaction were not revealed.
Axolotl develops and implements HIE solutions for states, communities, hospitals and health systems, which in combination with decision-support capabilities provided by Ingenix, would improve efficiencies. The Axolotl management team would remain in place.
Ingenix offers database and data management services, software products, publications, consulting and actuarial services, business process outsourcing services, and pharmaceutical data consulting and research services.