Michigan Blue Cross and Blue Shield has acquired health insurer software vendor ikaSystems for an undisclosed price.
ikaSystems will act as an independent subsidiary and continue working out of its suburban Boston headquarters under existing management.
“As we contemplated services to help health payers thrive, we knew that ikaSystems presented an outstanding opportunity to start with a world-class foundation,” Mark Bartlett, chief financial official and executive vice president at BCBS Michigan, said in a statement. The Michigan Blues plan is an ikaSystems client.
The deal positions ikaSystems to expand its product lines and capabilities, CEO Joe Marabito said in a statement. In business since 1999, ikaSystems’ serves all types of health insurers and its clients represent 28 million covered lives.
The vendor’s software suite supports claims administration, billing, customer service, self-service portals, prospecting, commission payments, renewals, analytics, care management, member acquisition and enrollment, and services to aid in adherence to varying government regulations.
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