William Blair acted as financial advisor in the sale of TeleVox Software, Companion Technologies and Netsmart Technologies and also advised TriZetto Group on its acquisition of QCSI
"So in addition to our traditional strength in core administration--billing, enrollment and claims processing types of activities--which is typically around 11 percent of the premium dollar, with our acquisition of QCSI
, we've expanded our core" with more specific product offerings.
But making all this data--both clinical and financial--usable often requires the technology provided by companies like MEDecision, QCSI and The TriZetto Group.
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After weighing the options, Perry says the organization determined that QCSI's QNXT system not only offered the greatest scalability and functionality, but was the "lowest cost-ownership option."
They provided training, helped us find a new server host and helped us manage the conversion process." Plus, the conversion team from QCSI also became the support team for ADVANTAGE.
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Being QCSI's third client and its only client in California could have been risky, given the impending economic downturn, but Molina Healthcare soon discovered that the software's modular design and ease of use gave it an advantage, "It's a very intuitive system," Erickson says, "We can train claims examiners in two to three days."
Working closely with QCSI, Molina Healthcare formed a business integration team within the Washington Health Plan, established a corporate claims center and also created a central organization for setting up and maintaining contract, benefit and provider configurations.
QCSI delivers technology solutions that empower health plans to automate their business and improve participant loyalty, at the Iowest cost of ownership.
QCSI's flagship product family, QNXT, is designed for healthcare payers undergoing rapid development and requiring frequent product updates using the Microsoft .NET technology.