Jay Rosen, president of Lansing-based Health Management Associates (HMA), announced today it has acquired Arizona-based Edrington Health Consulting (EHC), a firm that specializes in providing actuarial and financial analyses to health plans, providers, and government agencies. Terms of the deal were not disclosed.
Founded in 2014, EHC provides an array of data and analytic support services related to Medicaid and Medicare. Its insights inform the design and implementation of health plans’ provider contracting arrangements and efforts to improve reporting capabilities and mitigate risk.
“Edrington Health Consulting has helped clients across the country navigate the complexities of reimbursement mechanisms, tailoring strategies and solutions that help fuel future success,” says Rosen. “The actuarial expertise of our new colleagues is impressive and further expands the ways in which we can help our clients now and into the future.”
EHC also provides guidance and services related to actuarial and financial analysis and strategy, IBNP development, risk and efficiency analysis, encounter data validation and review, provider reimbursement and incentives, and data warehousing and analytics. The company will continue to operate as Erdington Health Consulting, an HMA company.
“We have worked alongside HMA for years and are proud to join our new colleagues who we know share a similar passion for publicly funded healthcare,” says Kyle Edrington, founder and managing partner of EHC. “The combination of HMA’s unmatched expertise and breadth of knowledge with our foundation in client-focused, outcomes-driven actuarial consulting services will deliver exciting opportunities to our existing clients and team members.”
Founded in 1985, HMA is an independent, national research and consulting firm specializing in publicly funded healthcare and human services policy, programs, financing, and evaluation. Clients include government, public and private providers, health systems, health plans, community-based organizations, institutional investors, foundations, and associations. It operates more than 20 offices and employs over 300 multidisciplinary consultants nationwide.