Ingenix Buys Claredi

HDM Breaking News, May 22, 2006

Ingenix, a software vendor serving provider and payer organizations, has acquired Claredi Corp., which sells transactions compliance testing and certification software. Acquisition terms were not disclosed.

Eden Prairie, Minn.-based Ingenix is the information technology subsidiary of UnitedHealth Group Inc., one of the nation's largest commercial health insurers. Ingenix sells software and services covering data warehousing, financial decision support, claims and coding management, medical bill and fee schedule management, data analysis and benchmarking, medical education, and pharmaceutical data research.

Kaysville, Utah-based Claredi's software enables claims management vendors and their provider clients to generate claims and related transactions that comply with HIPAA-mandated content and format standards--and with payer-specific requirements called "companion documents"--before transmission to payers.

Ingenix and Claredi have been strategic partners since at least August 2005. That's when Ingenix announced it would embed into its claims management software the Faciledi transactions verification software of Claredi.

More information is available at ingenix.com and claredi.com.

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