Maestro Healthcare Technology Purchases Workable Solutions from Alegeus Technologies
Proquest LLC
Maestro Healthcare Technology said it has acquired Florida-based Workable Solutions from Alegeus Technologies.
In its release, Maestro said that this strategic move strengthens the Company's benefit solutions with the addition of private exchange and billing capabilities.
Maestro said that combining the capabilities of Workable Solutions with the Company's integrated administration, medical management and consumer driven payment solutions will create enhanced value by establishing an integrated platform designed to provide simple administration for employers and marketplace for consumers.
"As we've seen health exchanges evolve, it has become apparent that most exchange platforms lack easy to use, integrated billing and reconciliation capabilities," said Rob Butler, CEO of Maestro. "This acquisition not only gives us a competitive edge, it also aligns with our belief and business model that employer benefits work better when they work together as one solution."
"We believe that employers contemplating private exchange plans need options to choose either self-funded or fully insured models. Employers should not be forced to revert back to a fully insured exchange model versus a self-funded exchange platform simply because that's all the vendor has in their bag," added Butler. "In addition to offering that option, we provide fully integrated self-insured plan administration which creates a significant advantage as one unified solution."
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