WINDSOR, Conn., July 21, 2021 /PRNewswire/ -- SS&C
Technologies Holdings, Inc. (Nasdaq: SSNC) today
announced that it has entered into a joint venture to create a new
cloud-native, API-driven claims adjudication platform. Upon
completion and the receipt of all approvals, the joint venture,
named DomaniRx, LLC (DomaniRx), will shape the future of Pharmacy
Benefit Management (PBM) and harmonize the payer and provider
management user experience.
"SS&C is creating DomaniRx and we are excited to be working
with two world-class founding minority co-investors. We are
committed to building a next-generation claim adjudication and PBM
platform," said Bill Stone, Chairman
and Chief Executive Officer.
Healthcare organizations need end-to-end transparency and data
analytics while adhering to ever-changing government regulations.
To better address the complexity of the claims adjudication
industry-wide as healthcare organizations compete and grow,
DomaniRx will build a unified best-in-class user experience
leveraging plug-and-play technology to provide the industry's most
affordable, transparent solution.
"This is a milestone partnership for the healthcare technology
industry, and we are pleased that Humana will be our partner and
first customer. DomaniRx will focus on disrupting the industry
through open source technology to interface with other systems
quickly," said Danny Delmastro,
DomaniRx's General Manager. "The insights we will draw from
hundreds of millions of claims transactions, powered by DomaniRx's
advanced processing platform, will provide participating members
flexible tools, advanced analytics, and customizable programs. All
while increasing transparency, accessibility and service quality
for members and pharmacies."
DomaniRx's reimagined claims adjudication platform will leverage
SS&C's technology capabilities and reside on SS&C's private
cloud. The result will be a single cloud-native user experience
with proven scalability, resiliency, and best-in-class
transactional processing capabilities.
About SS&C Technologies
SS&C is a global provider of services and software for the
financial services and healthcare industries. Founded in 1986,
SS&C is headquartered in Windsor,
Connecticut, and has offices around the world. Some 18,000
financial services and healthcare organizations, from the world's
largest companies to small and mid-market firms, rely on SS&C
for expertise, scale and technology.
SOURCE: SS&C
Additional information about SS&C (Nasdaq: SSNC) is
available at www.ssctech.com.
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SOURCE SS&C