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HEALTHCARE | Medical Facilities & Services / Medical Practice Management & Services
globalhca.com

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Founded Year

1997

Stage

Acquired | Acquired

About Global Healthcare Alliance

Global Healthcare Alliance offers value-based healthcare services, GHA provides opportunity assessment, alternative payment models, strategic consultation, operational support, and value-based healthcare optimization services-all focused on the development of prospective bundled payment healthcare systems

Global Healthcare Alliance Headquarter Location

20 Greenway Plaza Suite 1000

Houston, Texas, 77046,

United States

866-458-6076

Latest Global Healthcare Alliance News

GTCR and Cedar Gate Technologies Announce Acquisition of Global Healthcare Alliance

Nov 2, 2018

Acquisition Creates Leading Provider of Value Based Care Technology and Analytics GTCR , a leading private equity firm, announced its Cedar Gate Technologies (“Cedar Gate”) management partnership with CEO David Snow has acquired Global Healthcare Alliance (“GHA” or the “Company”). GHA is a leading provider of SaaS technology & technology-enabled services to health systems, provider groups and self-insured employers, enabling them to develop, manage and adjudicate bundled payments arrangements with payors. The acquisition of GHA is another example of how GTCR executes The Leaders Strategy™. In 2014, GTCR formalized a partnership with Mr. Snow to create Cedar Gate and pursue a strategy of building a market-leading healthcare technology company. Mr. Snow is a 30+ year healthcare industry veteran, having previously served as Chairman and CEO of Medco, one of the nation’s largest pharmacy benefit managers. During Mr. Snow’s tenure, Medco’s revenue grew from $34 billion to over $70 billion before its eventual sale to Express Scripts in 2012. Prior to joining Medco, Mr. Snow served in various executive leadership roles throughout his career, including at Empire BlueCross BlueShield and Oxford Health Plans. Under Mr. Snow’s guidance, Cedar Gate has developed a proprietary SaaS analytics suite, ISAAC™, that enables healthcare providers, payors and self-insured employers to evaluate the cost and quality of care within their healthcare delivery network. Established more than 20 years ago, GHA developed a proprietary SaaS claims adjudication technology, Axia™, that automates the conversion of fee-for-service claims into a single, bundled claim, and facilitates and manages payments between payors and providers. It enables healthcare entities to successfully manage prospective bundled payment programs for multiple clinical specialties. It has processed over 2.25 million distinct bundles since inception. Dean Mihas , Managing Director at GTCR, added: “This investment demonstrates GTCR’s continued commitment to The Leaders Strategy, as we find ways to partner with talented and experienced executives. We look forward to supporting Dave and the Cedar Gate and GHA teams as the combined Company continues into the next chapter of its growth.” “The acquisition of GHA and its proprietary Axia technology platform is an ideal addition as we build Cedar Gate into a complete value based care software and analytics solution for payors, providers, and self-insured employers,” said Mr. Snow. “With the acquisition we have become a leading provider of prospective bundled payment solutions, and can help clients design, contract, manage and adjudicate bundled payments.” “As bundled payments continue to increase in prevalence, we expect GHA to continue to be a leader in assisting payors and providers with the shift to value based care,” added Sean Cunningham, Managing Director at GTCR. “With GHA’s differentiated SaaS technology and Cedar Gate’s SaaS data analytics suite, we will be able to provide unique solutions for risk taking customers.”

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