TAMPA, FL – March 8, 2010 – Health Integrated, Inc., a leading provider of Health Management Solutions to health plans, has secured $5 million in debt financing from MMV Financial (MMV).
“We are excited to partner with Health Integrated, and to support its strategic vision to develop programs that help health plans improve member health outcomes while also meeting financial goals,” said April Young, managing director, MMV U.S. “Health Integrated’s unique approach to integrated health management combines the best industry practices with technology and a trusted clinical staff to address challenges of a complex health plan member base.”
Health Integrated’s health management solutions address medical, psychological and social barriers to better health while also containing costs and improving clinical outcomes. Programs help health plan members get the right care at the right time at the right place and provide coaching, education and support to enable members to better manage their health in the context of their lives. Health Integrated’s integrated approach can help reduce costs and unnecessary, avoidable healthcare utilization, such as emergency room visits for conditions that can be managed through a primary care physician. As a partner to health plans, Health Integrated tailors each solution based on a health plan’s specific health management needs and business challenges.
The Company’s Synergy Targeted Population Management® is a health management program for the high risk chronically ill that improves clinical outcomes and quality of life while lowering avoidable utilization by addressing the critical interplay between psychological, social and physical health. In addition, Health Integrated offers a complete suite of health management services that can stand alone or be integrated into a customer’s existing programs. These services include medical and behavioral health case management, utilization management and physician review services. Health Integrated also recently announced its turnkey Model of Care solution for Special Needs Plans.
“We are pleased to have the support and financial backing of the MMV team as we continue to bring much needed Health Management Solutions to the market,” said Shan Padda, chairman and chief executive officer, Health Integrated. “Health Integrated’s offerings have the potential to play a meaningful role in answering the national call for the healthcare industry to find ways to improve health and reduce burgeoning healthcare costs.”
About Health Integrated
Health Integrated is the leading innovation partner for health plans, providing evidence-based solutions to accelerate achievement of health management goals for clinical outcomes, quality measures and cost containment. For more information, visitwww.healthintegrated.com.
MMV Financial is a specialty finance company providing creative debt solutions directly to technology and life sciences companies across North America. MMV is backed by top U.S. and Canadian private equity firms and financial institutions including CCP Equity Partners, Caisse de dépôt et placement du Québec, Fonds de Solidarité FTQ, HSBC Bank Canada, NewStar Financial Inc., ROI Capital, and Wells Fargo Company. For more information please visit m
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Managing Director – US
MMV Financial USA Inc.