Cedar Gate Technologies, a value-based care performance management company, has acquired Citra Health Solutions, a North Carolina-based provider of capitation management software solutions, for an undisclosed price.

Through the acquisition, Cedar Gate Technologies is said to expand its software and services capabilities across the full spectrum of value-based care.

By merging Cedar Gate Technologies’s current capabilities in risk-based contract performance management, high-performance analytics, bundled payment solutions, and advisory services, the transaction now adds capitation via Citra Health Solutions’s EZ-Suite platform.

David B. Snow Jr. – CEO of Cedar Gate Technologies said: “The addition of Citra couldn’t come at a better time. Now, more than ever, health systems are looking for ways to transition away from fee-for-service as value-based care becomes the new standard.

“Through Citra’s long-standing capitation capabilities, we now provide our clients with the ability to design, administer and optimize all risk-based arrangements.”

The EZ-Suite of Citra Health Solutions is a claims, benefits, and care management software solution that is said to provide a highly-configurable, scalable, and flexible platform for supporting multiple lines of business such as Medicare Advantage, Medi-Cal, Medicaid, carve-out and commercial populations for health plans, Management Services Organization (MSOs), and Independent Practice Associations (IPAs) accepting risk.

Scott Sanner – CEO of Citra Health Solutions said: “This acquisition marks the culmination of years of hard work by our employees and dedicated thought leadership within our business.

“We are incredibly grateful to our loyal client base and look forward to expanding the EZ-Suite offerings through Cedar Gate’s enterprise solutions.”

On the other hand, the enterprise platform of Cedar Gate Technologies includes the ISAAC SaaS performance management system, which allows payers, providers, and self-insured employers to streamline any risk-based contract by identifying improvements in medical loss ratios, capturing lost revenues, and improving provider network and clinical performance.

  Cedar Gate Technologies, Citra Health Solutions, David B. Snow Jr., Insurance acquisition news, Insurance industry news, North Carolina, Scott Sanner