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Maestro Healthcare Technology Inc. on Tuesday announced that it has added third-party administrator Integra Employer Health to its private benefits exchange platform for self-insured employers.
Maestro Health acquired Charlotte, North Carolina-based Integra Employer Health in April 2014, but waited to announce the transaction until now “to get all the pieces” of its self-funded insurance program “working together,” said Rob Butler, founder and CEO of Maestro Health.
Mr. Butler declined to disclose the terms of the deal.
Self-funded employers using the Chicago-based technology company’s maestroEDGE platform can now utilize its benefits administration and compliance services, a self-funded private exchange and enrollment platform, consumer-driven accounts, and TPA services for care management delivered by registered nurses.
“Everyone in employer-sponsored care talks about some of the cool new shopping and buying capabilities, which are very important, but those alone don’t drive down costs,” said Mr. Butler.
Instead, medical and disease management through a full-service TPA along with decision support technology is necessary to lower health costs, he said.
The acquisition completes “the circle of our ‘all-in’ employee health and benefits platform,” Mr. Butler said in the statement.