Datavant, the data collaboration platform trusted for healthcare, today announced the successful completion of its acquisition of Ontellus, a leading provider of health records retrieval and claims intelligence.
With this acquisition, Datavant will establish a fourth business vertical, Legal & Insurance, focused on simplifying the secure, compliant exchange of clinical and billing data between providers and requesters, including legal and insurance professionals. Vince Cole, former Ontellus CEO, will lead this new business, reporting directly to Kyle Armbrester, Datavant CEO.
“Every hour we can save from the task of exchanging health records is an hour that can be used for patient care. By bringing together Datavant and Ontellus, we will transform what has been a largely manual, time consuming process for both making and fulfilling health record requests to a more efficient, digital process that allows providers and requesters to spend more time on higher value activities,” said Kyle Armbrester, Datavant CEO.
This acquisition supports Datavant’s focus on moving health data securely and compliantly from where it sits to where it needs to be in the right format to authorized users. Ontellus also has been pursuing this objective on behalf of record requestors by digitizing its records retrieval business into a nationwide platform through which record requesters have direct access to providers. Additionally, through its canvassing services, Ontellus delivers detailed claimant treatment timelines to validate claims or uncover preexisting conditions, helping insurance customers reduce unnecessary and costly claims exposure.
“The Ontellus team has built a technology platform and scaled service offerings that are trusted by legal and insurance professionals across the country, and I am confident that through Vince’s leadership we will be able to leverage the spectrum of our expertise and capabilities to benefit all of our clients,” said Armbrester.
