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Helios, a Memphis, Tennessee-based pharmacy benefit management and settlement services firm, has acquired Ringler Medicare Solutions Inc., a Medicare Secondary Payer compliance unit, the companies announced in a statement.
Ringler Medicare Solutions is a division of Aliso Viejo, California-based structured settlement firm Ringler Associates Inc., according to Friday’s statement. Terms of the deal were not disclosed.
“The acquisition of RMS allows us to continue to expand our presence in the claim settlement market,” said Jeff Gurtcheff, vice president and general manager of settlement solutions for Helios, in the statement. “The integration of RMS will further enhance our ability to work closely with all parties to assist in the identification of claim settlements where Medicare consideration is recommended, provide education and training to clients, and simplify the settlement process.”
(Reuters) — Sixteen hospitals will pay $15.69 million to resolve allegations they were reimbursed from Medicare for services that were unnecessary, the U.S. Justice Department said Thursday.