Leawood, Kansas-based healthcare company Nueterra is acquiring Benefit Management, a third-party health benefits administrator based in Great Bend, Kansas with offices in Wichita, Kansas.
Terms of the deal were not disclosed.
The acquisition was sought shortly after Nueterra — the largest privately-held organization in the U.S. specializing in developing equity partnerships with health systems, governments, hospitals and physicians — announced it had shifted a lot of its focus to facilitating programs and services targeting the consumer population, according to a news release.
Nueterra said Benefit Management has for a long time been a Midwest leader in the development and administration of custom benefits solutions demanding flexibility and efficiency, and will be instrumental in Nueterra's new pay-for-value strategy targeting employers and U.S.-based payers.
"Right now, Nueterra is drawing physicians and facilities together, uniting them clinically and financially into integrated networks across the country," Nueterra Chairman Dan Tasset said in a statement. "As we do that, we'll be in a unique position to offer bundled payments for medical conditions for commercial populations."