Xerox Acquiring RSA Medical to Advance Analytic-driven Health Plan Solutions for Population Health and Member Integration
August 24 2015 - 10:00AM
Business Wire
Xerox (NYSE: XRX) today announced a definitive agreement to
acquire RSA Medical. The acquisition, once closed, will expand
Xerox’s portfolio of healthcare service offerings to payers and
life insurers using predictive analytics to enhance member outreach
services aimed at improving overall population health.
RSA Medical is a leading provider of health assessment and risk
management for members interacting with health and life insurance
companies. Integrating RSA Medical into Xerox’s Commercial
Healthcare Services business will expand the company’s ability to
support healthcare payers throughout all stages of member
engagement, including application and enrollment, operations and
claims management, customer care, and population health
management.
“An estimated 16 million more Americans have health insurance
under the Affordable Care Act – many for the first time,” said
Kelly Rakowski, senior vice president, Healthcare Payer Services at
Xerox. “With this acquisition, we will help health plans educate
new enrollees about services available to them and close gaps in
care when necessary. We’ll also provide payers with insights into
population health trends, and coordinate timely and personal
clinical interventions for at-risk individuals and
populations.”
Powered by its proprietary MedGine platform and individualized
patient-engagement capabilities, RSA Medical utilizes
population-health focused data analytics that enable health plans
to support early identification of medical conditions and other
risk factors, increasing payers’ ability to assist their members in
maintaining wellness and managing chronic medical conditions.
Xerox works with some of the top nationally managed health
plans, 12 of the largest Blue Cross Blue Shield plans, and the top
pharmacy benefit managers, as well as several local and regional
health plans. Through its services, Xerox touches approximately
two-thirds of all insured Americans, including processing more than
1 billion claims annually and handling approximately 50 million
interactions with members and providers per year.
“Xerox’s powerful brand, extensive market coverage and focus on
innovation will accelerate the growth of our services,” said Rocco
Salviola, founder, president and CEO of RSA Medical. “The strong
cultural fit and integration of our businesses will benefit clients
of both companies by creating opportunities to seamlessly leverage
Xerox’s full portfolio of commercial healthcare service
capabilities throughout the entire member care experience. RSA
Medical will continue advocating for members by helping them
navigate any and all insurance interactions with the end goal of
controlling and preventing the onset of chronic diseases.”
The RSA Medical management team and its employees will remain
with the company with Salviola leading operations and reporting to
Rakowski.
The transaction is subject to customary closing conditions and
is expected to close in the third quarter of 2015. Terms of the
transaction were not disclosed.
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About Xerox
Xerox is a global business services, technology and document
management company helping organizations transform the way
they manage their business processes and information.
Headquartered in Norwalk, Conn., we have more than 130,000 Xerox
employees and do business in 180 countries. Together,
we provide business process services, printing
equipment, hardware and software technology for managing
information -- from data to documents. Learn more at
www.xerox.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20150824005319/en/
Media:XeroxDebbie Field,
+1-512-297-3498debbie.field@xerox.comorSean Collins,
+1-310-497-9205sean.collins2@xerox.com
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