MedVision, Inc. Acquires Complete Health Systems, LC The big news here at CHS is our acquisition by MedVision, Inc. MedVision is a leading provider of value-based healthcare business applications for delegated risk communities. CHS is a long-time leader in the self-insured and third-party administrator arena. Together, the companies create a more advanced, comprehensive, and seamless […]

ARLINGTON HEIGHTS, Ill. and WICHITA, Kan., Jan. 6, 2022 /PRNewswire/ -- MedVision, Inc. (MedVision), a leading provider of value-based healthcare business applications for delegated risk entities today announced its acquisition of Complete Health Systems, LC (CHS), a long-time leader in the Self-Insured and Third-Party Administrator arena. In tandem, the companies create a more advanced, comprehensive, and seamless approach in automation […]

Third-party Benefits Administrators (TPA) Market to Increase by $514.98 Billion The rise in health insurance claims in 2020 due to Covid, and the need for digital solutions have led to an increase in the need for third-party benefits administrators. According to a report by Allied Market Research, the insurance third-party benefits administrator market generated $280.69 […]

Mark Cuban and Prescription Plans Entrepreneur, basketball team owner, and Shark Tank star, Mark Cuban is entering the prescription drug arena, hoping to disrupt the market with low-cost medicine for the people. Cuban invested in a company called Cost Plus, and recently took the company public. The mission of Cost Plus founder Alex Oshmyansky is to […]

Surprise Billing Rule May Benefit Insurers The much-anticipated Surprise Billing Rule scheduled to take effect on January 1, 2022, has added another rule that could slow the growth of premiums. The rule prevents arbitration settlements at higher rates that insurers have contracted to pay. The arbitration rule states that the arbitrator should choose the amount […]

The Way Forward – SIIA Conference 2021  We are excited to once again participate in the SIIA conference this year happening in Austin, Texas. The Way Forward is the theme for this year and post-pandemic, it’s a great choice. We’re all excited for the future of benefits administration. Complete Health Systems to provide solutions to […]

Unvaccinated May Pay More for Insurance As employers look for ways to mitigate exposure to Covid while returning workers to offices, some are considering higher premiums for unvaccinated employees. The higher premiums could cost $20-$50 more per paycheck and could incentivize employees to get vaccinated. Some employers see this as a step to prevent mandatory […]

Federal Government Increasing Fines for Hospitals Hiding Pricing Info The hospital pricing transparency rule, which was created by the Trump administration and went into effect on Jan. 2, 2021, says that hospitals must provide an easily accessed place on their website for pricing information for consumers. Currently, hospitals are fined $300 per day for noncompliance. […]

Court Rules ERISA Plans Can’t Exclude Autism A California court ruled that a company with an ERISA plan covering autism, cannot limit coverage for the therapies that applied to that condition. The court determined that an employer who had an ERISA plan that covered autism but limited treatments was in breach of the Parity Act […]

Long-Haul Covid and Worker's Compensation Approximately 50-76% of Covid survivors, including 35-54% of those with mild Covid, have reported persistent symptoms after their initial recovery. Some of these symptoms are the same as when they had an active viral load, and some of them are new. As workplaces reopen, Covid precautions remain an important part […]