UST HealthProof for Advantasure, which enhances ability to reduce costs and improve quality of care

The strategic move streamlines collaboration between industry leaders to improve product offerings and capabilities

Aliso Viejo, California.And the September 19, 2022 /PRNewswire/ – UST HealthProof, a UST company and market leader in core management and business process as a service (BPaaS) solutions for health plans, has entered into a definitive agreement to purchase Advantasure, a healthcare technology and business process services company dedicated to improving the performance of health plans and organizations delivering Government health care programs. Advantasure’s commitment to platform excellence, technology, and uncompromising customer service will complement UST HealthProof’s expertise in solving complex operational challenges and streamlining health plan operations.

UST HealthProof and Advantasure were founded with the goal of shaping the future of health insurance in the United States by reducing administrative costs. This strategic acquisition will enable UST HealthProof to provide health plans with comprehensive government program solutions that will lower the total cost of care while improving healthcare experiences for members and providers.

“The introduction of Advantasure into the UST HealthProof family allows us to combine our innovative consumer-focused platform with proven Advantasure solutions to expand our capabilities in the important area of ​​risk and quality,” he said. Kevin Adams, CEO of UST HealthProof. “UST HealthProof’s continued progression to a leading health insurance technology and BPaaS provider is the latest example of our continued commitment to driving digital evolution in healthcare” Krishna SudhindraCEO of UST.

“Being a part of the UST HealthProof family is an exciting step forward for Advantasure, and a wonderful partnership for both organizations. Together, the companies have leveraged capabilities and expertise to provide more services and solutions that meet customer needs at a broader scale,” he said. John Robertsinterim president of Advantasure.

Both companies will collaborate as they work toward a smooth transition of ownership. Advantasure will continue to operate under its current name and maintain its offices in Glen Allen, Virginia And the Southfield, Michigan. The sale is expected to be completed in the fourth quarter of 2022, pending regulatory approval and usual closing conditions. As private companies, Advantasure and UST HealthProof do not disclose financial numbers associated with transactions of this type.

About UST HealthProof

UST HealthProof, a ground-based tank company, is on a mission to play a role in shaping how we deliver the future of healthcare. Focused on consumer-focused and cloud-based solutions to reduce administrative cost, UST HealthProof manages and serves more than 3 million members across multiple lines of business including Medicare, Medicaid, Commercial, Individual, and self-funded employer groups. Proven core management and Business Process as a Service (BPaaS) solutions provide transparency, improve operational efficiency, and break down operational barriers to scale and drive strategic growth, visit UST HealthProof To learn more.

About Advantasure

Advantasure is a healthcare technology and business process services company that improves the performance of health plans and organizations in the delivery of government healthcare programmes. Through a comprehensive suite of products and services, Advantasure enables clients to reduce administrative costs, increase payment accuracy and improve the quality of care for their members. Headquartered in Glen Allen Virginiawith office in Southfield, Michigan. For more information visit Advantasure.com To learn more.

UST HealthProof . source

Leave a Comment