U.S. Department of Veterans Affairs Awards Acentra Health $52.3M Financial Services Center Contract for Claims Adjudication, Provider Access, Data Analytics and Visualization
October 03 2023 - 8:22AM
The U.S. Department of Veterans Affairs (VA) has awarded Acentra
Health (formerly CNSI) a three-year, $52.3 million contract to
support claims adjudication, provider access, data analytics, and
visualization for its Financial Services Center (FSC). The FSC,
located in Austin, Texas, is a franchise fund (fee-for-service)
organization in the VA. The contract builds on Acentra Health’s
existing body of technology-enabled services and solutions work for
the FSC, dating back to 2017. Since then, the two organizations
have partnered to improve access to timely care for Veterans and
non-Veterans and improve the provider experience with faster
reimbursement and greater visibility into claims and payment data.
“We are grateful to the FSC for recognizing our track record of
providing timely, accurate claims processing and for continuing our
partnership to improve health outcomes for the FSC’s federal
clients,” said Todd Stottlemyer, CEO, Acentra Health. “The FSC’s
mission is to provide high-quality financial services, exceed the
expectations of federal clients, inspire their trust, and empower
them to focus on their core missions. We look forward to continuing
to partner with them to achieve these important outcomes.”
According to Acentra Health President and Chief Operations
Officer Meghan Harris, “The FSC contract includes the
implementation of healthcare claims adjudication software based on
Acentra Health’s eCAMS HCE™ platform to adjudicate, process and
prepare for payment healthcare claims submitted by providers to the
FSC. Following implementation in March 2019, Acentra Health
collaborated with the FSC to enhance its auto-adjudication business
rules. The new rules helped reduce manual claims review by
department staff, resulting in a 98% reduction of the FSC’s claims
backlog. Under the terms of the contract, Acentra Health will
continue providing its platforms and services to FSC and its
stakeholders, which include the Veterans Health Administration
(VHA) and Other Governmental Agencies (OGA).”
About Acentra Health
Acentra Health, formed in 2023 by the merger of industry leaders
CNSI and Kepro, combines public sector knowledge, clinical
expertise, and technological ingenuity to modernize the healthcare
experience for state and federal partners and their priority
populations. From designing and developing advanced claims,
encounter, and provider solutions that drive efficiency and cost
savings to delivering clinically focused service models for care
management and quality oversight, Acentra Health is accelerating
better outcomes. Acentra Health is backed by Carlyle (NASDAQ: CG),
a global investment firm. Learn more at acentra.com
Media Contact:Janice MooreVP, Corporate
Communications703-214-3552
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