Sherman & Company is your trusted partner throughout the transaction process. With offices in New York and Charlotte, the firm has announced over 80 transactions and more than $11 billion in deal value.
HealthTrio Expands Product Offering with Acquisition of Online Insight
Strategic move brings together two industry leaders dedicated to providing secure web-based solutions to the healthcare market
TUCSON, Ariz. and ATLANTA, Ga. (PRWEB) January 05, 2022 -- HealthTrio, an innovative Software-as-a Service provider for health plans, third-party administrators, and other risk-bearing healthcare organizations, has acquired Online Insight, a leader in eligibility, enrollment, commissions, and billing solutions serving health insurance carriers and third-party administrators. The acquisition enhances the company’s presence in the healthcare market and further expands its robust product offering.
Online Insight, founded in 1998, delivers a modern, e-retail experience that serves the entire life cycle of healthplan sales – from guided shopping and enrollment through member maintenance and billing. Their platform serves the individual, group, Medicare, and dental markets and can be deployed for insurance carriers, exchanges, and state marketplaces. This solution accelerates revenues while decreasing costs of service and reducing claims payments. Online Insight has been nominated as a 10 Best Payment Solution Providers to Watch by Technology Headlines Magazine, and the Center for Consumer Information and Insurance Oversight(CCIIO) Centers for Medicare & Medicaid Services (CMS) have added Online Insight to the official approved entities list for using Enhanced Direct Enrollment (EDE).
“Online Insight is a great addition to HealthTrio’s portfolio,” says CEO, Dominic Wallen. “The team truly understands how to navigate the complexities of enrolling and billing members and brings a wealth of experience serving health plans and state exchanges. We are excited to have them join us in our mission to deliver innovative, high-performing solutions that drive the triple aim of reduced cost, better outcomes, and an improved experience.”
Dominic added, “Combining our feature-rich platform with theirs gives us the opportunity to better serve our customers. We can now bring an integrated and full-scale experience to people shopping for and enrolling in health plans.”
HealthTrio continues to grow their client base in parallel with their significant portfolio expansions and technology upgrades.
HealthTrio provides digital engagement solutions that optimize self-service, value-based care, healthcare consumerism, and real-time data integration. Our selection of tools is as broad as the markets we serve – from everyday tools such as eligibility, benefits and claims, to advanced features supporting provider quality performance, gaps in care, cost transparency, and streamlining and automating the authorization processes. For over twenty years, HealthTrio has supported health plans, third-party administrators, and integrated delivery networks to decrease costs, increase access, and improve health outcomes.
For more information, visit www.healthtrio.com.
About Online Insight
Online Insight offers a true private exchange platform for health insurance carriers with the ability to strategically deploy modules as point solutions. We empower payers with individual, group, Medicare, and ancillary enrollment, eligibility processing, billing, and payment through both broker & direct channels. Our ACA enrollment software is integrated with CMS via Enhanced Direct Enrollment (EDE) and can serve health plans or state exchanges.
Online Insight was founded in 1998. We have decades of experience providing health insurance software solutions and are ready to help your organization navigate the complexities of the next era of health insurance.
For more information, visit www.onlineinsight.com.
Sherman & Company Served as Financial Advisor to Online Insight