McKesson completes Portico acquisition

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McKesson has completed its acquisition of Portico Systems, and will leverage Portico’s technology to automate new reimbursement and network management strategies for health reform. Terms were not disclosed.

The acquisition, announced last month, will accelerate McKesson’s ability to help clients optimize their network performance and address new care delivery models and reimbursement challenges, including episodes of care disbursement, network steerage, claims pricing and incentive management, according to McKesson, of San Francisco.

Portico's technology enables healthcare organizations to design, build, service and provide value-based reimbursement to their complex provider networks. It also provides the ability to automate key network management activities including provider enrollment, credentialing, contracting and pricing.

Portico, based in Blue Bell, Pa., provides systems used by approximately 40 payor and provider networks. Portico’s Integrated Provider Management platform simplifies the design, maintenance, reimbursement and performance management of provider networks, the company stated.